Business transaction
Business Transaction
Similar to purchasing a house, purchasing a business is a tough decision to make. At Prudentia Legal, we are able to do purchase and sale of business transactions for a fixed fee cost. When purchasing a business, there are many issues to take into consideration such as the entity you are purchasing under, the current leasing arrangements, the current employee arrangements, the financials of the business etc. Prudentia Legal is able to assist you in running a smooth settlement for your purchase of business.
Similar to purchasing business, there are many considerations to be addressed in selling business. In addition to the issues mentioned above, there are strict requirements that must be met in the disclosure requirements when producing the contract. If there is a breach of the disclosure requirement, there may be hefty consequences, such as the purchasers being able to rescind the contract. Therefore, it is imperative that you seek proper legal advice before selling your business.
