Buying or selling a business can be a complex process. Our team will work closely with you throughout the transaction to ensure that the advice that is provided allows you to proceed in the most advantageous way possible.
Our business sale and purchase solicitors have considerable expertise and experience in assisting with buying or selling a business. Whether this is by share transfer, purchase or sale of the businesses assets and goodwill, or by way of management take over, we will guide you through the entire process from start to finish.
It is advantageous to get in touch with us before you have even found a purchaser for your business as there is useful groundwork that you can be carrying out once you have made the decision to sell. Once a purchaser has been found, matters can move fast. Quite often, you would not wish to notify your employees that a sale is being negotiated, and early preparation can avoid burning the midnight oil to provide your purchaser with requested documentation, without making your employees think that something is going on.
You also need to abide by strict procedures with regards to employees and more information on this can be found in our Employment Section.
If you are buying a business, decisions need to be made on how the sale is to be structured, how purchase monies are to be paid, and if there are to be any retentions for unknown liabilities or whether part of the purchase price can be deferred or linked to future profits.
We pride ourselves in the relationships that we build with other professionals and we will work closely with your team throughout the transaction to ensure that the advice that is provided allows you to proceed in the most advantageous way possible.
If you are buying or selling a property with a business attached to it, for instance a restaurant, shop or post office, then we have specialist small business property lawyers who are able to seamlessly guide you through both elements of the transaction.
If you are buying or selling the shares or assets of a larger business where a property is not necessarily the major element of the transaction, then our specialist company commercial lawyers are here to help.
With either type of transaction, if there are employees, then our employment team can work closely on the transaction to ensure you are provided with all the advice that you need.
Get in touch with our business purchase and sale solicitors for more information.