MCG Legal    Area of Law    Buying & Selling A Business

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.

Recent Articles

DNA Testing & Paternity

A relationship breakdown involving children can occasionally raise questions about the paternity of the child.  Ultimately DNA testing will determine beyond any reasonable doubt who the child’s parents are, but other matters are taken into account before that DNA test is conducted. A child bor...

Read More

Grandparents Rights to See Grandchildren

A relationship breakdown involving children not only affects the parents directly involved, but often the extended family members such as grandparents. The Family Law Act 1975 (“the legislation”) supports the generally held view that children should be entitled to have a relationship with their g...

Read More

Child Support Agreements

A written agreement between parents or carers of children about the payments to be made in support their children is called a child support agreement.  Child support can be made in all sorts of ways, e.g. direct payment of a set amount to one of the parents/carers into their nominated bank account e...

Read More

Child Location and Recovery Applications

Some post separation parenting disputes involve the removal of children from their geographical location. Changing a child’s living arrangements, such that it makes it significantly more difficult for the child to spend time with a parent is a major change in a child’s life and something ...

Read More

Pre Relationship Binding Financial Agreements

It is possible for two parties about to enter into a relationship to enter into a legally binding financial agreement which details how “pre-relationship assets” and “matrimonial assets” will be divided in the event of separation. It is important that both parties entering int...

Read More

Consent Orders & Separation Agreements

Your relationship has broken down and like many couples you have accumulated assets during that relationship.  You can agree on how your property should be divided without any court intervention and the most effective way to distribute the matrimonial assets is through one of the following legal ag...

Read More

Child Relocation Disputes

Parenting disputes involving the relocation of a child or children of a relationship are relatively common and always controversial. Recent legal developments result in the establishment of the following legal principle:- “Where a parent of a child or children is seeking an order from the court per...

Read More

Family Mediation Services

Mediation is a process in which parties to a dispute, with the assistance of a neutral third party (the mediator), identify the disputed issues, develop options, consider alternatives and endeavour to reach an agreement. The mediator has no authority to bind participants to a negotiated agreement, bu...

Read More

Spousal Maintenance

One party to a marriage (read into this de facto) is liable to maintain the other party to the marriage if the other party is unable to support themself adequately and to the extent the first party is reasonably able to do so. Before making any spousal maintenance orders a court must consider what pr...

Read More

Property Settlements - for both married and de facto relationships

Sadly, not all relationships last. Many couples are able to successfully negotiate the division of their assets and care of their children without legal intervention. But, there are some who cannot and that’s where we get involved. This article will explain the general court processes and the...

Read More

Resolving Financial Matters in Family Law

In resolving property matters arising from the breakdown of either a marriage or a de-facto relationship, the Family Law Court and the Federal Circuit Court of Australia have jurisdiction to resolve these matters pursuant to the Family Law Act 1975. With regard to de-facto relationships, there are a...

Read More

Copyright Law for New Business Owners | Gold Coast

5 When starting a new business, Copyright Law and its associated protections are probably the furthest considerations from your mind. After all, you’re not writing a novel, directing a movie or producing new music. So, the most obvious question is: “What is Copyright Law and how does it affect m...

Read More