Business Sale & Purchase
We assist clients with business sale or business purchase plus business succession planning. A sale of business transaction consists of smooth transition to the new owner including due diligence, contract drafting, contract review, negotiation, exchange and settlement plus asset transfers including intellectual property rights, commercial lease, licences and contracts with suppliers.
Whereas purchase of business is equally important with more responsibilities on conducting appropriate due diligence, prior to entering into the commercial agreements. Important issues to consider are ownership of key assets, existing liabilities, any litigation or disputes, ATO tax debts or regulatory compliance, especially if acquiring financial services business.