Buying or selling a business can be complex and requires strict compliance with the Contract terms by both parties to ensure a smooth transition.

Whether you're buying or selling, there will be numerous legal issues that need to be considered, monitored and/or satisfied, at various stages, to lawfully complete the transaction. Ignoring, or simply not understanding, the importance of essential steps in a business transaction can quickly become expensive and very stressful for the parties involved.

Buying a Business

Before signing a Business Contract, we recommend that you:

*ownership re-structure of a business after the Contract is signed may incur unnecessary taxes, additional transfer duty and professional fees.

and

Will you also be buying commercial property? You can talk to our conveyancing lawyers to discuss this.

Once you have decided to buy a business, it is crucial that you satisfy yourself as to the value of the business and any risks associated with buying it.  This assessment is usually undertaken prior to signing a Business Contract or where the Contract terms allow, during a Due Diligence period, after the Contract is signed. 

Prior to signing the Contract or during the Due Diligence Period, we will:

Selling a Business

It is just as important to seek professional legal advice when selling a business, particularly in the following areas:

We have the experience to either draft or comprehensively review a Business Contract, as well as undertake and successfully complete all aspects of either buying or selling a business. 

We invite you to contact us at MCG Legal for a FREE 30 Minute consultation to discuss your business transaction.

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