As a sole trader or a business partnership, you may be considering selling your business, or purchasing another to facilitate expansion. The process involves many components and Rubin Lewis O’Brien is able to assist with each stage of the transaction and to break down the “jargon”.
These transactions will generally include the following:
- You may require a confidentially agreement to protect the parties during the initial stages of negotiations.
- Due Diligence enquiries – where the history, assets and liabilities of the business being sold is investigated.
- Undertaking property searches and title investigation in relation to any properties being purchased or sold. This will included dealing with any lender or landlord requirements
- Drafting and negotiating the asset purchase agreement
- Providing specialist advice in relation to any employees that may be transferred with the business
- Land Registry and HMRC formalities in relation to Stamp Duty Land Tax
The structure and ownership of limited companies can seem complex. Rubin Lewis O’Brien has many years of experience of advising clients and helping them to understand the process. The process is similar to a sale of an unincorporated business such as a sole trader or partnership. The difference is in the structure of the deal, the assets remain with the company, but the ownership of the company (via the shareholders) changes.
We can also assist with the following:-
- Business Start-ups
- Company incorporation
- Shareholder agreements
- Guarantees and independent letters of advice
- Franchising agreements