Selling business
When selling a business, sellers should consider:
- Drafting a favourable sale agreement
- Valuing the business including its tangible assets and goodwill
- The price at which the business will be sold
- Tax issues including GST
- The intellectual property rights it intends to transfer
- The liabilities of the business to creditors
- Assigning leases to the buyer
- Its staff and current employment agreements
- The licences it offers and any upcoming renewals
- Its current contracts with customers
- Whether it offers buyers future work
LME can assist sellers with all their needs for purchasing a business, including drafting a sale of business agreement, negotiating with the seller and transferring business interests.