Whether you’re considering buying a business or selling one, one thing is for certain and that’s that it can be a complex process with many decisions to make and many risks involved.
Our commercial solicitors are highly experienced in this area of law and will take care of, and advise on, the legal and financial considerations to make sure the deal runs as smoothly as possible with the best possible outcome for you.
When you’re acquiring or disposing of a business, you need to consider whether the sale and purchase should proceed by way of a sale of shares or assets. Each scenario has a unique structure and we will work closely with your tax and accounting advisers to agree the most beneficial solution.
If you’re looking to sell your business then your company formation will be a key factor in the transaction. For example, if you’re a sole trader or a partnership, an asset sale is the only option, unless the business is incorporated before selling it on to a third party.
We will spend time with you to understand your objectives and desired outcome, set and meet your deadlines and we can work within an agreed budget so you know where you stand, financially, through the whole journey.
Our commercial lawyers are used to handling business acquisitions, carrying out due diligence, disposals, restructuring exercises and similar transactions for businesses of all sizes from small local businesses to national operations with multi-million pound turnovers. We have advised
- Existing Management Teams in Management Buy Outs (MBOs)
- Incoming Management Teams in proposed Management Buy Ins (MBIs)
- Individuals purchasing assets from a Receiver, Administrator or Liquidator
- Businesses which are looking to hive-off or restructure elements of their business
It will be important to you that from the outset we have a clear understanding of your objectives and requirements and, that we advise you as to any potential risks or pitfalls, agreeing on an appropriate course of action to protect your position.
If you’re considering buying or selling a business then contact our commercial law team now.