Expert legal advice and assistance tailored to your unique circumstances for buying or selling a business.
If you’re buying or selling a business, here’s how Butlers Business Lawyers can help:
If you are selling a business
Selling a business is a big deal. If you’re selling, it’s imperative that the sale adequately rewards you for the sweat, blood and tears that likely went into building and growing the business. Therefore, it’s vital that the sale is handled by a skilled solicitor. An experienced solicitor will streamline the process, saving you from unnecessary legal costs and mountains of stress. A good solicitor will also ensure that the contract adequately protects your interests and binds the purchaser appropriately.
Want to know more about buying or selling a business? Call us on (02) 4929 7002, email us or complete an enquiry form.
Want to know more about buying or selling a business? Call us on (02) 4929 7002, email us or complete an enquiry form.
If you are buying a business
If you’re buying a business, it’s likely that you’re putting hard-earned money on the line. Accidentally missing something in the sale/purchase process will cost you. An expert solicitor will assist with due diligence to guarantee the business is a sound investment and scrutinise your contract to ensure its legally all-encompassing. This expert advice will save you money now and in the future.
Mishandled business sales almost inevitably wind up in expensive back-and-forth arguments. It’s often the case that one party becomes so discouraged by the process that they walk away from sale, costing both parties.
Buying & Selling A Business FAQs
It can be a difficult decision to sell your business. After investing time and energy into your business, the sale proceeds should reward your efforts. A lawyer can help you make it happen and assist you in getting you the best outcome possible.
When buying a business, attention to detail can make all the difference. A lawyer can conduct property and register searches, and attend to matters of due diligence on your behalf. A lawyer will also advise as to options, consequences, and structures. This will help ensure your legal interests are protected.
A contract for the sale of business should be prepared. Additional documents will depend on your circumstances and the details of your business. It is common to review and draft shareholders agreements, employment contracts, general commercial agreements, agency agreements, distribution agreements, and confidentiality and non-disclosure agreements.
While you can engage a lawyer at any stage, it is best to engage a lawyer before you enter into negotiations. This is because a lawyer can help guide negotiations forward in a way that protects your interests.
Even if you have already commenced negotiations, a lawyer can assist with drafting or reviewing contracts to ensure that your rights are protected and all parties understand their obligations.
What can we do to help?
Whether you’re selling or buying a business, our solicitors provide expert legal advice and assistance tailored to your unique circumstances. We assist with streamlining the sale/purchase process and will negotiate on your behalf to ensure your expectations and needs are upheld in the sale contract. We will endeavour to save you costs wherever possible and will handle the process smoothly, so that you can relax and enjoy the excitement that comes with buying or selling a business.
Some of the services we offer include:
- Drafting sale contracts
- Negotiating sale terms
- Due diligence checks
- Restraint of trade arrangements
- Buying or selling a business with a lease
- Transferring intellectual property, such as business names and trademarks
- Drafting retail leases
- Drafting commercial leases
- Negotiating and renewing commercial leases
- Licence transfers such as liquor licences
- Tax on sales of businesses
- GST in sale of business and business purchases
Testimonials
“Recently we were referred to Butlers Lawyers for the sale of our chiropractic practice. The solicitor handling our matter made our sale so easy with her efficient service and caring nature. The major factor for us was that she was on the other end of an email or phone whenever we needed her assistance, she went above and beyond to help us every step of the way. We are extremely grateful and so glad to have made this relationship with her and the firm.”
“I highly recommend Butler’s Business Lawyers. They were highly supportive during the sale of my business. I will definitely use them again!”
“Recommend this company highly! They helped me with a business purchase and were there every step of the way. Lots of helpful and skilled staff to make the process easy!”
“Butlers were great in helping with the sale of my business. I will be using the team at Butlers Business Lawyers team again and will highly recommend them.”
Find out more about our complete range of legal services:
Asset Protection | Blended Wills | Business Structuring | Commercial Litigation | Commercial & Retail Leasing | Competition Law | Complex Wills | Contract Law | Debt Recovery | Employment Law | Estate Planning | Franchising | Insolvency | Intellectual Property Law | Tax Law