Sale & Purchase of Business
A business compromises of many assets and liabilities, both tangible and intangible. These may include property, fixtures and fittings, stock-in-trade, goodwill, intellectual property, work in progress, employee contracts and superannuation fund details. When you buy or sell a business all these must be factored into the sale contracts and documentation.
Our thorough service will ensure that no details are overlooked in the course of buying or selling a business:
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Statutory licences and permits required to operate the business
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Business name transfer
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Leases – either the grant of a new lease or a transfer of existing lease
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Verification of the vendors title
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Landlord consent
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Mortgagee consent
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Goodwill and asset price apportionment
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Training, tuition and restraint details
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Licences, notices or orders affecting the business
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Development approval
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List of equipment, service and other continuing agreements
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Disclosure statements and updates under the Retail Leases Act 1994
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Employee particulars, including AWAs and superannuation fund details
Adjustments
For information or legal advice on buying and selling businesses contact us.
