Purchasing a business can be a complex undertaking fraught with hidden traps. Businesses vary greatly in their character and scope and each purchase is unique. It is important to understand right from the start why the seller is selling the business and whether as a potential buyer you have the skills and experience to successfully operate the business. You should always contact us prior to signing any contract or engaging in negotiations with the seller.
At P&B Law we can guide you through the purchase of the business to ensure that you get what you have been promised, highlight issues to ensure that you do not pay more than necessary and advise you on all aspects of the purchase including:
This list is not exhaustive and you should consult a properly qualified legal professional before signing any contract. Our solicitors can assist you in minimizing the risks involved in buying a business by reviewing important representations made by the seller and incorporating these representation into the Contract document.
We also offer advice in regards the most suitable business structure and protection of your personal assets. If you have any questions regarding the purchase of a business – please contact us for prompt service.