Sale and Purchase of a Company or a Business as a Going Concern
The sale of a business is often can be a legal minefield for the unwary, involving as it does aspects of property law, employment law, tax and VAT. It will usually involve the sale of a bundle of assets which can include, property (leasehold or freehold), goodwill, fixtures and fittings and customer contracts and, these days, the transfer of rights in websites. Our approach is to combine legal knowledge and a pragmatic approach to maximise value and get the deal through.
Often the business will have traded as a limited company. Where this is the case the transfer of the business may take place by way of a sale of the shares in the company. We have the expertise to bring to bear on this very different transaction to an asset sale described above.
Parry Law will advise and guide you in your transaction to include
confidentiality agreements, legal and commercial due diligence (eg investigating title to properties and reviewing deeds and documents) heads of terms, disclosure against warranties and the preparation of sale documentation.