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Looking to own your own business on the Central Coast? Have peace of mind with help from the team at GMS Legal & Conveyancing. Whether you’re purchasing or selling a business, we can assist in making sure the transaction process is as stress-free as possible.
Our team provide conveyancing for clients across the Central Coast, including in Lake Macquarie and Toukley. We have helped businesses big and small reach settlements on asset sales and share sales. You can rest assured knowing we’ll always have your best interests at heart when negotiating on your behalf.
When it comes to buying or selling a business, the process can become far more complicated than a residential property transaction. This is because a business sale involves various factors, including:
A qualified commercial conveyancer will be there to assist you through any transaction, including the buying, selling, merging or restructuring of your business. They can prepare legally binding agreements, assist with due diligence, negotiate prices, advise asset protection measures and navigate any legal or banking requirements.
Simply put, due diligence is making sure you are making an informed decision by conducting necessary research and investigation. In business transactions, due diligence is often satisfied through a complete list of organised and compliant business affairs. This can include documents and assets such as:
It can be difficult to manage all the different aspects of a business, which is why enlisting the help of a commercial conveyancer can ensure you are fully informed and prepared.
If you’re buying a business that leases its existing premises, it’s important that you consult a knowledgeable solicitor to discuss the terms of the lease and the process for transferring that lease. In many cases, the contracts will contain unfavourable terms, including the rent review process, termination rights, works clauses, indemnities and lease terms.
Your solicitor will be able to represent you and negotiate in your best interests with the owner of the property. This process is typically done at the same time you’re consulting with the vendor, which can influence whether or not you finalise the sale on the business.
At GMS Legal & Conveyancing, we pride ourselves on providing professional and friendly legal service. To avoid financial damage, it’s incredibly important that you exercise due diligence and have all legal documents reviewed by a qualified solicitor. For more information on business transactions, browse through our resources page or get in touch with our team today.
To see how we can help you, get in touch with us today!
Our vision is for you to have the best life you can, by making sound decisions now and by planning wisely for your future. Since 1988, we have helped over 36,000 property owners and 60,000 clients in all types of legal work.
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