Purchasing or Selling A Business - What's Involved?

The Purchase and Sale of a business is a more demanding and complex task than conveyancing for a property.  This is because although the sums involved are often much lesser, there are risks in purchasing or selling a business that we are tasked with assessing, providing advice on and working with financial advisors to guide you in a review of the business.

There are many important things to consider that can present issues. These include, but are not limited to:

• The size of the business
• The industry that the business operates in
• The location of the business
• Statutory and other regulatory requirements
• How the business is operated
• What asset classes are involved
• Employment arrangements and industrial relations environment
• Land utilisation
• Intellectual property

How we can help you buy or sell a business

The key to buying or selling a business is planning. We recommend you get in touch with us as early as possible to minimise risks.

Due diligence is essential for both Vendors and Buyers to ensure their are no nasty surprises down the road.

We can provide assistance with following:

• ‘Heads of Agreement’ to ensure terms are to everyone’s satisfaction
• Business structuring and asset protection advice
• Negotiations
• Regulatory and banking requiremenrs

If you have any queries regarding how we might assist you, please email us or call us on 03 9670 1188 us to discuss your matter with one of our commercial law specialists.