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Business
Transactions
Sales and Purchases |
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Are you buying or selling a business?
Buying
or selling a business is a significant transaction for anyone, even
experienced business people.
This is a highly specialist area of law
and it's important to have experienced Solicitors.
Key legal points for a seller to
consider:
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don't part with any
commercial or
technical information without getting a good confidentiality agreement
in place first; |
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| 2. |
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get ready in
advance and gather your
company information, records, accounts, deeds and contracts together; |
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take advice to
structure your sale so you avoid paying unnecessary tax on your sale
proceeds; |
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| 4.
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the buyer will
normally ask you to
guarantee the information you give to them and to their
advisers
about your business, make sure you
understand and agree exactly what you are guaranteeing and for how long.
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Key
points for a buyer to consider:
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1. |
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obtain an
exclusivity period from
the seller in which you will have time to investigate or buy the
business before it is sold to others; |
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2. |
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take advice to
structure your purchase so you avoid paying unnecessary tax; |
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3. |
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make sure you ask
the right questions and gather the right information before you buy; |
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4. |
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get the seller to
guarantee
information he has given you and upon which you have based you decision
to buy.
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McKenzieLaw
Solicitors can do the legal work required to buy or sell your business.
With extensive experience of buying and selling businesses and
companies we are well placed to advise you.
Our
specialist team can also explain your options with regard to related
issues such as:
For
sellers: Achieving legitimate tax savings through use of trusts.
For
buyers: Structuring your new business in the best way from a legal
perspective.
Contact a specialist Solicitor now
Wherever
you live, for clear and practical legal advice about buying or selling
a business, contact us today.
For a
FREE initial phone consultation call: 01952 288390
| McKenzie Law Solicitors - Telford |
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e-Innovation Centre |
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Telford |
01952288390 |
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Shropshire |
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TF2 9FT UK |
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