We have been nationally-recognised as expert business purchase lawyers. When making a business purchase, there’s a lot to do. You need a quality team of experts around you, whether lawyers, bankers or accountants.
Our team will protect your interests and negotiate a contract that protects you. This will reduce the legal risks to you when buying a new business.
We will carry out legal due diligence enquiries, to verify the legal aspects that underpin the value of the business you are buying. Your accountants should carry out tax and accounting due diligence to verify the value of the business.
Buying Part of a Business?
If you are buying part of an existing company, they will also help you to draft the necessary shareholders agreement. This is essential to ensure:
- your shares are worth a fair proportion of the overall value of the company;
- that you have the rights to access the company’s data and finances even if you are not a director;
- you have the right voting power and/or control;
- that if you wish to sell your shares or need to resolve a dispute, you can sell them and recover the value of your investment (or buy out your business partner); and
- if you died, your spouse could sell the shares for their fair value.
Without a shareholders agreement, you can find your rights are missing and the value of your shares is heavily eroded. Also shareholder disputes can be hard to resolve. Our team will help protect your interests here.
