We have extensive experience in preparing contracts of sale, negotiating the terms of the sale and advising generally in relation to the sale of a business.

It may be that in some circumstances the sale of the business itself may not be the best option.  What may be more tax effective is a sale of the shares or the units of the company or trust operating the business.

Some things you should think about when selling your business are:

• What are you selling? Will the assets of the business be sold separately? Is there any goodwill?
• What information will you provide prospective purchasers? Are your accountancy records and financial records up to date and able to be inspected by purchasers?
• Are your business premises leased? If so will the landlord agree to transfer the lease to the purchaser?

• What are the tax consequences of the sale?

Our contacts:
Janelle Brown Partner
Trevor Kuhle Accredited Specialist