Businesses

Purchasing or selling a business is a significant financial and legal transaction that requires careful planning and thorough documentation.

Whether you are buying an established business opportunity or selling a business you have built over many years, it is essential to ensure the Contract properly reflects what is being transferred and protects your interests.

Business sale transactions commonly involve:

• Transfer of plant and equipment
• Sale of goodwill
• Transfer of lease
• Transfer of licences and permits
• Employee entitlements
• Stock and inventory adjustments
• Restraint of trade provisions
• GST and “going concern” considerations
   

For purchasers, due diligence is critical. You need to understand exactly what assets you are acquiring, what liabilities may attach, and whether the lease terms support the ongoing viability of the business.

For vendors, clear documentation and compliance with disclosure obligations helps minimise risk and avoid disputes after settlement.

Engaging your Conveyancer or Property Lawyer early ensures the transaction is structured correctly, risks are identified and managed, and settlement proceeds smoothly.