Selling a Business

When selling your business, it’s important to know your interests are being protected with the right legal advice.

From the point of drafting your contract of sale all the way through to settlement a number of important considerations will arise, including:

  • Reviewing all your current obligations tied with your business, whether it is a lease for the premises, company charges or any registered Personal Properties Security interests which may affect your transfer of any assets of the business at settlement, so that you are aware of your rights and responsibilities prior to the signing of any contractual agreement
  • Ensuring that the contract adequately covers the tax obligations of your business as required
  • Discussing the steps that will need to be taken if you wish to work in a similar business in the future
  • What action can be taken to ensure the sale of business can go ahead if the landlord refuses to transfer the lease? How can you ensure return of your lease deposit at settlement?

Your lawyer will anticipate any issues that may arise by thoroughly reviewing any documentation pertaining to the purchase, including the contract of sale and any lease agreements and disclosure statements.

We will provide you with a written letter of advice so you can confidently understand your rights and obligations, and we can undertake negotiations on your behalf where needed. Once documents have been signed and the process is underway, we will ensure that any due dates and special conditions under the contract are met, prepare the statement of adjustments for settlement, and oversee the correct exchange of documents at settlement.

Fees

Starting from $2,500.00 plus GST

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