BUYING & SELLING A BUSINESS

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We act for both business sellers and purchasers across a wide range of industries. Our services include:

• Preparing or reviewing the Contract for Sale of Business
   
• Negotiating contract terms to safeguard your commercial interests
   
• Due diligence (for buyers)
   
• Managing transfer of leases
   
• Advising on employee transfers and entitlements
    
• Coordinating settlement and post-completion matters
   

Every business transaction is different, but the usual stages include:

1. Pre-Contract Negotiations

We assist you in negotiating key commercial terms, such as price, deposit, stock valuation, restraint of trade clauses, handover assistance, and training periods.

2. Due Diligence (for Buyers)

Buyers need to verify that the business is legally and financially sound. We can assist by reviewing:

• Financial statements
   
• Employee arrangements
   
• Lease agreements
   
• Licences and permits
   
• Intellectual property rights
   
• Existing contracts and liabilities
   

3. Contract for Sale of Business

We draft or review the sale contract, ensuring it accurately reflects the agreed terms and adequately protects your rights.

4. Pre-Settlement Preparations

We help manage conditions that need to be satisfied before settlement, such as landlord consent for lease assignments or obtaining regulatory approvals.

5. Settlement

On settlement day, we ensure all required documents are properly executed, funds are exchanged, and ownership is legally transferred.

6. Post-Completion Matters

We assist with notifying relevant government authorities, transferring registrations, and ensuring a smooth handover.
 

When buying or selling a business, some additional factors may apply:

• Lease Assignments: Most business sales involve a commercial lease that must be assigned to the buyer, requiring landlord consent.
   
• Employee Entitlements: Decisions must be made about transferring employees and recognising service periods.
   
• Licensing and Compliance: Certain industries (e.g., hospitality, childcare, healthcare) have special licensing and regulatory requirements that must be met.
   
• GST and Stamp Duty: Some transactions are GST-free (going concern sales), but proper advice is crucial to ensure tax obligations are correctly managed.
   

• Experienced in business transactions of all sizes and industries
   
• Tailored, strategic advice to protect your investment
   
• Clear communication and updates throughout the process
   
• End-to-end support — from negotiation to settlement and beyond