Sale and Acquisition
Selling a business
Transparency several important steps to ensure a smooth handover to a new owner — including due diligence, contract drafting, contract review, negotiation, exchange and settlement. Elamine Lawyers’ sale of business team assists clients at all stages of their journey.
A sale of business transaction can encompass a wide range of assets. Common examples include intellectual property rights (such as trade marks), real property interests (such as a commercial lease), licences and contracts with suppliers.
Getting your business sale over the line can be complicated. After you’ve agreed on the terms of your deal with a buyer, you still need to go through the formalities of signing contracts (exchange) and finalising the transaction (settlement). Elamine Lawyers’ specialist lawyers can help you navigate these final steps of your business sale.
Buying a business
At Elamine Lawyers we know that buying or selling a business a big decision to make.
We have have the necessary skills and experience to advise you on the Sale or Acquisition of a business. Conduct due diligence is key to any commercial acquisition — the process of gathering information and dissecting all the data about the business on offer. This information is vital in helping you make wise choice.
Understanding the business structure, the client base, the financials, debts and other obligations of the business and whether the business can operate well into the foreseeable future as in inhibited by any change in law, restriction in trade or other aspect of viability is very important.
Elamine Lawyers’ team of lawyers can provide guidance at all stages from acquisition to settlement. An experienced lawyer should be able to keep costs low and your deal moving forward efficiently. Your lawyer should also identify issues that may affect your business sales, like whether you need to transfer a lease and a business name as part of the transaction
We can assist you with business types including companies, partnerships, and trusts. Each party to a sale or purchase of business transaction should be independently advised by a lawyer and an accountant.
Elamine Lawyers can assist with:
- Business structures including partnerships and corporations
- Business sales and purchases including contracts, Put and Call options and franchising agreements
- Valuation of business assets
- Tax considerations
- Liaison with financial institutions
- Transfers of liquor licences and poker machine entitlements
- Transfers of equipment licences
- Arranging due diligence searches and inspections
- Organising and attending settlement