The Requirement to Discharge Liabilities when Selling Your Business In our earlier article we discussed the assessment of the liabilities of business prior to sale. In this article, we look at your obligations as a seller with respect to these liabilities. It is an essential condition of any business sale that the seller discharge all …
Selling your Business ‘Doing the Deal’ – Discharging Liabilities Read More »
Most businesses employ staff. Without them, the business can not provide its product or service. It is therefore crucial that a Seller properly deal with the management of staff and their transition to a new owner. Before a business is sold, a Seller will need to consider what is likely to be required of the …
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In our earlier articles we have focussed on some of the steps preliminary to selling your business. In this article, we focus on why you should use a lawyer and when you should use a lawyer as part of the sale process. Why Use a Lawyer as part of the Sale of Business Process? Of …
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What Is Locational Goodwill? Beyond $$, your business has value that can be attributed to its intangible assets. That is, there are aspects of a business such as reputation, branding and customer loyalty which together form value for your business. When selling your business, a key consideration that many of your prospective purchasers will consider …
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Common Liabilities During the course of operation for a business, most business owners will enter into agreements with creditors under which they agree to provide a security interest over the business and/or all real and personal property. Common examples of these types of arrangements include business loans and equipment hire agreements. To secure their interest …
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In preparing a business for sale, it is essential that the Seller identify all of the material Contracts and Licences that it uses as part of its business. Any purchaser of a business will want to ensure that it takes over these Contracts and Licences as part of the business purchase. Typical for most small …
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Whether you are buying or selling a business You will be involved in some level of due diligence. Essentially ‘due diligence’ is the process to investigate and review of the key elements of a business with a view the understanding and confirming a decision to buy the business at an agreed amount. Due Diligence from …
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Why it is important to secure your brand prior to selling your business Intellectual Property refers to a few different types of intangible property including, logos, images and descriptions used to describe goods, business names and trademarks. These things comprise the “look and feel” of a business and are what we generally refer to as …
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Introduction – Disputes Among Shareholders In our earlier articles we set out the benefits of a Shareholders Agreement and how decisions can be controlled under a Shareholders Agreement. This article will be focused on the issue of disputes amongst shareholders and how they can be addressed as part of the Shareholders Agreement. The small business …
Shareholder Agreement Basics – Shareholders Agreement & Disputes with Shareholders Read More »
Introduction – Decision Making in a Shareholders Agreement In our earlier article we set out some of the details about why a Shareholders Agreement is useful and some of the key reasons to set up a Shareholders Agreement. This article will be focused on the issue of decision making under a Shareholders Agreement. The key …
Shareholder Agreement Basics (2) Shareholders Agreement – Decision Making Read More »
