When either buying or selling a business it’s an exciting time – if selling you are seeking to realize the fruits of your labour over many years. If buying, you are looking towards a bright future with great plans and ideas.
It’s vitally important to have a lawyer who understands business assist you through your business purchase or sale, however. Often in the eagerness to have the transaction completed major items can be overlooked.
It’s important to consider many issues, including:
- Lease or purchase of business premises
- Restraint of trade and non-compete issues
- Ascertaining exactly what’s included in the sale (stock, fixtures and fittings, etc)
- How to ideally structure your new business to meet liability and taxation objectives
- Food handling licenses
- Liquor licencing issues
- Website domain name registrations
- Intellectual property
- Employment issues
- And much more!
The above is not an exhaustive list; your lawyer will go through with you many more issues to consider relating to the particular business you are buying or selling.
Our business lawyers can prepare your contract of sale if selling a business, or review the contract of sale prior to signing if you are the purchaser. We’ll guide you through the many and varied issues which you wouldn’t otherwise consider.
Our costs are generally at a very reasonable fixed price, providing you with peace of mind knowing your legal costs won’t spiral out of control. Our objective is to get the deal done for you, while ensuring you enter the deal on the best possible terms and are aware of all the issues involved.
Located in Lilydale, our small business lawyers can assist in the purchase or sale of businesses anywhere in the eastern Melbourne region, including Mooroolbark, Chinside Park, Yarra Glen, Healesville, Seville, Warburton, and beyond.
Contact us today on (03) 8658-0040 for a free, no obligation initial chat about the business transaction you are considering.