Everything You Need to Know About Buying your Business or Selling your Business is Right Here:
There is a lot to know about successfully buying or selling a business’s assets or shares. Every deal is different as are the people involved. Each industry requires different considerations. At the heart of every good deal, however, are certain fundamentals that every agreement should have. These involve the right processes, closing documents, and considerations to mitigate risk.
Have a look at our articles below where we discuss everything you need to know about buying or selling a business.
Every agreement for purchase or sale of a business’s assets or shares includes a two-step process involving, firstly, a negotiation that culminates in the closing of a deal. Following the agreement, the process continues with the fulfillment of conditions outlined in the agreement and a variety of closing documents, which must be drafted and signed.
Closing documents include the key documents central to closing a business—the statutory declaration; non-competition and non-solicitation agreements; minute book closing documents, certificate of incumbency, bring-down certificate of representations and warranties, and a post-closing consultation agreement.
Protecting Your Interests
In purchasing and selling a business, one is advised keep in mind certain important considerations, such as the advantages and disadvantages relevant to the sale or purchase of shares versus assets as well as two contentious areas that must be negotiated: employees’ liabilities and ensuring the purchase of goodwill retains its value after closing.
Thank you for visiting our page on everything you need to know about buying or selling a business. We hope that you found the articles above helpful. There is a lot to know to ensure that your purchase or sales agreement leads to a firm closing that you can feel secure about. Contact a lawyer at Kalfa Law today to provide you with the assistance you need to help with the process of drafting, negotiating, and closing an agreement for your business’s purchase or sale transaction.
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The above provides information of a general nature only. This does not constitute legal advice. All transactions or circumstances vary, and specified legal advice is required to meet your particular needs. If you have a legal question you should consult with a lawyer.