Preparing to buy or sell a business
A business transaction involves more than agreeing on a price. Independent legal and accounting advice can help you understand what is being transferred.
Understand the transaction
Consider the business structure, the contracts being transferred and any premises lease. Goodwill, asset valuation, licences, finance arrangements and tax considerations may also affect the transaction.
Prepare for advice
- Gather the proposed contract and available financial information.
- Identify any leases, equipment licences or franchise agreements.
- Ask about the due diligence searches and inspections appropriate to the transaction.
- Discuss timing, finance and settlement requirements with your advisers.
About this guidance
This article provides general information, not legal advice. Seek advice about your circumstances before acting.