Whether you are buying or selling a business there are many considerations to ensure settlement results in
reduced risk and a favourable outcome. Tuggeranong Legal work with you to ensure conditions and agreements
are captured in the Contract of Sale. We outline the documentation you require as well as the
considerations that need to be included in the contract.
Some considerations include:
- setting up a Non Disclosure Statement between the buyer and seller
- choosing an appropriate business structure
- calculating stamp duty and GST based on the type of purchase or sale
- reviewing drafts of proposed conditions and trading exclusivity clauses
- managing encumbered assets or debts
- transferring employee and shareholder entitlements
- transferring licences or permits
- reviewing leasing arrangements
- outlining where specialist tax or financial planning may be required
See also:
