Business Sales & Purchases

Whether buying or selling a business, getting expert legal advice is essential. Our Commercial Lawyers specialise in assisting with transactions for various business types, including sole traders, partnerships, companies and trusts.

Buying a Business

When our clients are purchasing a business, we conduct thorough due diligence to ensure you receive exactly what you're paying for. We also provide guidance on:

• Business structure: We collaborate with your accountant to choose the best structure - sole trader, partnership, company (or a trust).
• Contract review: We advise on necessary amendments to protect your interests, such as transferring intellectual property, key assets like client databases and key contracts, and ensuring that the owner is restrained from competing with you after settlement.
• Business premises: We evaluate lease terms to ensure alignment with your goals and negotiate new terms if required.
• Financing: We review lender terms and coordinate with your lender to secure funds for settlement.

Selling a Business

Selling a business requires a precise Contract for Sale of Business that reflects the agreed terms. We guide you through the process, working closely with you and your business broker to achieve the best outcome.

Once a buyer is secured, we:

• Prepare the Contract for Sale, detailing terms such as purchase price, assets and lease conditions.
• Ensure lease assignments are completed and your tenant obligations are released by the landlord.
• Release any existing charges over the business or personal assets at settlement.
• We can also prepare the documents to secure vendor finance, if this applies to your sale.