Business Sales and Purchases
- Business Solicitors Brisbane

Legal Considerations with Business Sale and Purchases

There are numerous issues to be considered when buying a business, regardless of its size. Issues such as lease assignments, websites, stocktakes, due diligence and the accrued entitlements of employees are all areas which must receive due consideration.

Pre-Contractual Advicelawyers power pf attorney 

When you consider purchasing a business it is the best practice that you receive legal advice before committing to any contractual arrangements. Too often, people execute contracts pertaining to the purchase or sale of a business without understanding how such contracts operate.

Accordingly, pre-contractual advice is important to ensure that you understand your rights, obligations and potential areas of concern before committing to signing any documentation in relation to a proposed business purchase or sale. Forge Legal has decades of knowledge and experience providing the local community with pre-contractual advice, so be sure to contact us before you sign. You may just save yourself the a raft of consequences later on.

Due Diligence

Buying a business is one of the biggest life purchases you can make (next to buying a house). As such, taking people on face value without the proper checks and balances is fraught with financial risk. If you are considering purchasing a business, it is imperative that you conduct necessary due diligence to ensure that you understand the nature of the business being purchased and related matters. In a practical sense, engaging in a suitable due diligence process allows the opportunity to investigate relevant aspects of the business, its structure, operations, financials, assets, existing customer/ client base, existing contracts and any relevant liabilities or risk considerations.

In completing this process, it is imperative that prospective purchasers receive advice from an accountant in relation to the business’ books and taxation affairs. As part of the due diligence process, Forge Legal is well placed to order a wide range of searches to help ensure you have an accurate view of what you are paying for.

 

Our pledges to you

Expert legal services

With over 30 years combined experience in many aspects of law, our expert lawyers will go over all the details of your circumstance. See why people trust us over the rest when it comes to making some of the biggest decisions you may ever face. 

Contact Us Today

Support when you need it

We are here to help

We understand that we might be needed during some of the most trialling times in life. It's our goal to get you through these times with as little stress as possible and to get you the outcome you need to move on with your life. 

Make an inquiry

Our pledges to you

Why we're different

At Forge Legal we are very proud of the relationships we build with the people that come to us. We operate under our 10 pledges that formulate the cornerstone of our relationship to our clients and how we conduct ourselves as a firm. 

Read More

 

Leasing and Employment Considerations

Aside from conducting a wide range of searches to assist in due diligence, Forge Legal can conduct all legal aspects of the sale or purchase from pre-contract advice to settlement. We are also able to assist buyers and sellers alike with assignment of leases to ensure that the transaction does not fall through due to issues often encountered in the assignment process. Contract and employment issues constitute the most complex components of business sales and purchases. Given our solid knowledge and experience of contract and employment law issues, this will enable our team to swiftly execute even the most complex of business sales and purchases.

Why Choose Us?

We are on your side
We are on your side
Get through some of the most trialling times in life with as little stress as possible with our support. We are proud of the relationships we build with people who come to us and we endeavour to get you the outcome you need to move on with your life.

Support when you need it
Support when you need it
Get the best outcome for your family with a team that will make it as easy as possible while dealing with the family court. We know these times can be stressful and we are here to help.

Our Pledges to You
Our Pledges to You
Receive outstanding service from our experienced team with our 10 pledges to all our clients. These pledges formulate the cornerstone of our relationships to our clients and how we operate as a firm.