Buying or selling a business can be a complex and expensive process. If you are thinking of a business purchase or sale, you need to ensure you have an experienced professional team of advisers – including accountants and solicitors – with you from the start.
To find out more about how we can help you buy or sell your business, call us now on FREEPHONE 0800 1404544 or Salisbury (01722) 422300. Initial legal advice on the phone is always FREE.
The Main Legal Issues Involved When Buying or Selling a Business
Our experienced commercial lawyers can provide you with clear and practical legal advice on a range of issues involved in business sale and purchase including:
- Confidentiality agreements and non-disclosure agreements (NDAs)
Click here for more about non-disclosure agreements
- Employment issues including TUPE
- Restrictive covenants
- Heads of agreement
- Mergers and de-mergers
- Sale of goodwill
- Management buyouts
- Share acquisition and disposal
Buying or Selling a Business – the sectors we cover
Our business team act for clients selling and buying businesses throughout Wiltshire, Dorset, Hampshire and Somerset and deal with a variety of business structures – from small and medium-sized companies to family businesses, sole traders to partnerships over a wide range of businesses including:
- Care homes
- GP practices and dental surgeries
- Pubs, Hotels and Restaurants
- Family businesses
Click here to find out more about what to watch out for one buying a family business
- Solicitors and other professional practices
Click here for more about our specialist law firm mergers advice service
Our solicitors also regularly represent commercial clients in the sale and purchase of businesses throughout Wiltshire, Hampshire, Dorset and nationwide.
Thinking of selling up? What’s your exit strategy?
The ultimate aim of any serious business person is to build a business that has value, so that it can be sold or transferred, allowing the owner to exit gracefully and profitably. And it’s never too early to start planning for that sale.
There are, however, many issues to consider, and they include the following:
• When do you want to exit?
• Can the business be sold to your employees?
• Is a trade sale more likely?
• How much is the business really worth?
• What needs to be done in advance to enhance the value of the business for sale?
• How long will the sale process take?
• Do you want or need to stay on with the business after sale or transfer?
• What are the tax consequences of selling up?
If you are thinking of selling your business, then to maximise your profit, you’re going to need solid and practical specialist advice from both a commercial solicitor and an accountant with plenty of experience in this area.
Here at Bonallack & Bishop, we deal with business sales regularly – so please feel free to get in touch – we always offer free initial phone advice.