Business Sales and Purchases

Our team of experienced commercial property lawyers specialise in business sales and purchase transactions. We have worked with a diverse range of clients, including sole traders, Partnerships, Limited Companies, and PLCs.

We offer a comprehensive service for both business sales and purchases including representing sellers who are transferring business assets, such as fixtures, fittings, and stock at valuation. We also manage transactions involving the transfer of interests in business premises, whether through the transfer of freehold or leasehold interests.

Our commercial property solicitors are here to help.

What should be considered when purchasing or selling a business?

• Valuation – Determine the value of the business.
• Consider the Buyer – Understand the buyer’s motivations and intentions.
• Negotiations – Establish clear terms for the deal.
• Asset Transfer – Ensure the smooth transfer of assets.

What are some factors to consider when buying or selling a business?

• Business Records – Business records and contacts are key assets transferred during a business transaction.
• Purchase and Sale Agreement – The purchase and sale agreement outlines the terms and conditions of the transaction.

Other issues to consider include:

What price is payable for each element of the business?

We will liaise with your accountants and valuers to ensure the correct price is being attributed to each element of the business sale.

Are any employees being transferred?

What potential liabilities may there be for employees? Our employment lawyers can help smooth over any employment issues that may arise.

What warranties are to be given and what are the terms of these?

Due diligence is crucial in any business sale or purchase – we know the right questions to ask to ensure a thorough process.

How we can support you

At Taylor Bracewell, we can help you with:

• Contract Drafting and Negotiation – We will draft and negotiate the sale and purchase agreement, clearly outlining the terms of the deal, including price, assets being transferred and warranties.
• Due Diligence – We will conduct thorough investigations into the business being purchase, identifying any potential legal risks and liabilities, including reviewing financial records and contracts.
• Regulatory Compliance – We ensure the transaction complies with all relevant company law, tax regulations and employment laws.
• Legal Advice – We provide expert advice on complex legal matter such as asset transfers and share transfers.

For expert guidance on business sales and purchases, get in touch with our solicitors in Doncaster and Sheffield today at (01302 341 414) or (0114 272 1884).

We can also help you with any of the following: