Buying a Business?
Protect yourself – Buy or Sell a Business without getting Burnt.
We have many clients who successfully operate businesses in a wide variety of areas.
Running a small business can be demanding, even more so than ten years ago or even 5 years ago.
We specialise in drafting documents that can be readily understood. Our firm has the ability to quickly understand what you need and to translate that to practical and easily understood advice.
It is second nature to us to advise clients on the important steps involved in buying and selling a business.
Franchises are common these days and we are able to assist with those, for example a cleaning business or lawn mowing and gardening business, operated under franchise.
Ask the right questions before you buy or sign a contract to buy a business - we are here to help. If you get advice there are many pitfalls that we are able to assist you to avoid.
Preparing your business for sale – maximise its value. We can assist with legal aspects that will help you do that.
We are able to assist with many aspects to guide you to decisions that assist you to make money from your business, rather than finding you face unsuitable or expensive problems.
There are legal pitfalls – do not fall into them. We provide guidance on:
Whatever you do, see us first. We may be able to save you from a great deal of worry and expense by covering the legal essentials.
Protect yourself – Buy or Sell a Business without getting Burnt.
We have many clients who successfully operate businesses in a wide variety of areas.
Running a small business can be demanding, even more so than ten years ago or even 5 years ago.
We specialise in drafting documents that can be readily understood. Our firm has the ability to quickly understand what you need and to translate that to practical and easily understood advice.
It is second nature to us to advise clients on the important steps involved in buying and selling a business.
Franchises are common these days and we are able to assist with those, for example a cleaning business or lawn mowing and gardening business, operated under franchise.
Ask the right questions before you buy or sign a contract to buy a business - we are here to help. If you get advice there are many pitfalls that we are able to assist you to avoid.
Preparing your business for sale – maximise its value. We can assist with legal aspects that will help you do that.
We are able to assist with many aspects to guide you to decisions that assist you to make money from your business, rather than finding you face unsuitable or expensive problems.
There are legal pitfalls – do not fall into them. We provide guidance on:
- An appropriate due diligence clause in any purchase Agreement
- Finance – How much? Where from? What security to protect the lender is required?
- Structure of Business – whether to be a sole trader, registered Company or Partnership?
- Good-will – should you pay it?
- How much good-will should you get when you sell your business?
- Leases of premises –
- what are the terms?
- who pays what?
- is there a right of renewal of the lease?
- how long is the Lease?
- what does the Lease mean if you wish to sell or close down the business?
- Buyer protection against the previous Owner setting up the next day in competition to you – are you protected?
- Trade Marks (intellectual property as we call it) are they included with the business?
- The business processes – are they protected?
- If I sell am I able to set up a similar business?
- GST, what are the implications – do I have to pay it?
- Taxation Advice – have you got taxation and accounting advice?
Whatever you do, see us first. We may be able to save you from a great deal of worry and expense by covering the legal essentials.