Sale of Your Business
When it comes to selling your business, every decision matters. The process is complex, demanding, and filled with potential pitfalls. That’s where we come in. At Kalfa Law Firm we’re here to guide you every step of the way, from pre-sale tax planning to negotiating the transaction and closing the deal.
Pre-Sale Preparation
We help you get your business ready for sale, maximizing its market value and structuring the deal to align with your financial and strategic goals. Here, we will take a look at your ownership structure and ensure its organization is established to minimize tax on a sale. This may include purification to squeeze out passive assets such that the corporation meets the LCGE rules which will permit each shareholder a capital gains exemption of $1,016,836 (in 2024, and each year indexed to inflation).
Due Diligence
We will review your corporations’ constating documents, contracts and secured registrations to uncover potential issues that may arise in the transaction and equip you with the information needed for informed decision-making as well as getting ahead of these potential issues.
Negotiation and Structuring
We will negotiate the structure of the deal (sale v asset) in a tax and liability efficient manner as well as negotiate the gritty provisions in the applicable purchase agreement being a Share Purchase or Asset Purchase Agreement including its representations, warranties and indemnification provisions
Regulatory Compliance and Third Party Consents
We guide you through the complex landscape of regulatory requirements and third party consents including governmental, franchisor and landlord consent, ensuring we have the requisite authority to complete the sale.
Closing and Transition
We draft the myriad of closing documents, manage the closing process and support you through the transition phase, ensuring a seamless handover to the new owner.
Selling your business is a momentous undertaking, and it deserves expert guidance. At Kalfa Law we’re dedicated to making your business sale a profitable and stress-free experience. Our team is committed to unlocking the full potential of your transaction while safeguarding your legacy.
