You may have been thinking about selling your business for months, or perhaps an interested buyer has approached you. Either way, the first step to selling your business is ensuring that you have received sufficient legal advice. When selling your business, you want to ensure that both your personal and business interests are protected.
The dedicated lawyers at PCL Lawyers in Sydney have a thorough knowledge and understanding of this type of transaction. So, whether it is a franchise for sale, a local business, or a larger multi-site operation, you should contact PCL Lawyers to ensure that your personal and business assets are adequately protected during the sale process.
The sale of a business process differentiates depending on the type of business being sold.
The sale of a small business such as a cafe’ or smash repairs shop is quite a simple Process. The document used for this transaction is known as a Contract of Sale of Business. This contract outlines what is included in the sale, and what terms and conditions apply to both the purchaser and vendor. We will consider all aspects of the business including whether there are employees and, if so, how these employees will transition when the business is sold. We will also consider whether the business leases premises too. If so, then there are certain obligations that you may have to fulfil prior to selling the business. In many cases, you will be required to seek approval of the purchaser from the landlord before proceeding with the sale.
After years of experience practising in this area of law, our solicitors in Sydney have become familiar with the complexities and issues which arise during the process of selling a business. We will be by your side every step of the way to ensure that the process is seamless and successful.
The larger the business being sold, the more complex the sale transaction will become. Medium to large sized businesses tend to involve more sophisticated leasing arrangements, tax considerations and employee transfers. For this reason, it is imperative that you engage a qualified solicitor who has experience undertaking this process.
Our solicitors in Sydney will take the complexity out of the process by drafting a clear and concise contract that will protect your business interests.
Our solicitors are highly trained and know exactly what questions to ask to ensure that your contract is watertight and covers all relevant issues. They use everyday language to explain the complex aspects of your matter and won’t confuse you with legal jargon. Our solicitors have a commercial mindset and know that missing a crucial point in your contract will lead to unnecessary financial loss.
Our business sale lawyers in Sydney have years of experience that have given them the skills they need to negotiate your sale. They are experts in multiple areas of law including contracts, property and employment. This means that you can be sure that all relevant considerations are considered during the sale of your business. It’s not just about getting the sale through; it is about getting the sale through in the most commercially advantageous way possible.
Our business sale contracts are flawless and easy to understand, ensuring that both you and the purchaser understand and can abide by all terms of the contract.
Call us now on 1300 907 335 or fill out the contact form on this page for a confidential chat with one of our business sale lawyers in Sydney to help you finalise your transaction successfully.
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