Business Sales and Purchases
Our commercial team specialise in business sales and purchases for a variety of business sectors.
Businesses are sold and purchased for a number of reasons. Our clients may wish to acquire a greater market share, diversify the business, enter emerging markets or simply retire. Whatever the reason, we can assist.
There are two main ways in which you can sell or buy a business. Firstly, you can sell or purchase assets of the business and secondly, you can sell or purchase the company shares. We always advise our commercial clients to speak to their accountants about deciding which is the best way forward for the sale or purchase of their business. It is vital that the accountant is involved at every stage of the transaction.
Tips for selling your business
Before selling a business, it is important to think about the following:
If the seller only plans to sell a part of the business, then work must be done with the accountant and our legal team to separate out the business before sale.
Consideration must be given to signing a confidentiality agreement before sensitive data about the business is released to an interested purchaser.
If your business includes ownership of a property, our commercial team will work with the property department to achieve sale of the property in conjunction with the business sale.