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Selling a Business


Introduction

Planning is accordingly of vital importance prior to selling a business.

In our work with business sellers we have found that the five common mistakes which people make when selling a business are:

  1. Not taking legal advice before signing the agreement for sale and purchase.
  2. Where appropriate failing to obtain a valuer’s report on the sale value of the business.
  3. Failing to take advice from your accountant on:
    1. How to ensure that the accounts and records for the business are in the format needed for the purchaser to carry out their due diligence inquiries.
    2. The value at which depreciated assets should be recorded in the sale agreement.
  4. Failing to obtain advice from ourselves on the assignment of the lease.
  5. Getting no, or inadequate, guidance from their lawyer on the business sale process.
 

There is no need for you to make these mistakes.


See a Business Law expert

You need to instruct a business lawyer, such as ourselves, to assist you with your sale. We would like to offer you a half hour, free, no obligation session to discuss your business sale before you sign an agreement. Please call us now on + 09 415 0099 or email us on rossholmes@rossholmes.co.nz for an appointment on at date and time that suits you. For clients who live out of Auckland we can hold meetings via skype or telephone.


Our promises

1. If you are selling a business, you can come and see one of our business law experts for 30 minutes without cost. We can relate everything we know to your personal situation.

2. We are here to support you as required through your business sale.

3. We look forward to meeting you, and assisting you with the sale of your business.

 
 

If you are not our clients call the experts at Ross Holmes Lawyers for a

free 30 minute appointment

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