Buying or Selling a Business
BUYING A BUSINESS
I WANT TO BUY A BUSINESS, HOW DO I BUY A BUSINESS?
Buying a business is a big decision and the golden rule is BUYER BEWARE!
It is important to ensure that you put in place the right structure – buying the assets and goodwill has its benefits but it also has downsides too. Buying the shares can have tax efficiencies but risk can be greater because you take the good with the bad.
The key as a Buyer is to minimise the risk.
We come along side you to help you ask the right questions, obtain assurances from the Seller, and make sure you have a mechanism to deal with the unknown factors.
SELLING MY BUSINESS
I WANT TO SELL MY BUSINESS, HOW DO I MAKE SURE I AM PROTECTED?
The Buyer takes on a lot of risk when buying a business and so they want to place a lot of that burden on you. It is important to make sure that the risk you accept is reasonable – the buyer is getting what you are selling.
The key as a Seller is to ensure that the Buyer takes responsibility for reviewing what they are buying and responsibility for the decisions they are making.
We come along side you to help you answer the Buyer’s questions, give only the assurances that are necessary and ensure that your liability is ascertainable so you know what you may be responsible for.