The lawyers in each of our offices have considerable experience advising on the purchase and sale of business and business structures including partnerships, companies and trusts.
The firm’s expertise also extends to leases of property and equipment, finance, business agreements and industrial relations including employment contracts and unfair dismissal.
It is critical that each party in a sale or purchase of business transaction is independently advised by a lawyer and accountant and that the professionals work together.
Instructions and advice will be needed on such questions as business structures, the break-up of the price between goodwill, plant and equipment, intellectual property and stock, the written down value of the assets in the business and other tax considerations.
Whilst most sales of business are the sale of a "going concern" and GST free, the law is complex and will depend on the way the transaction is structured.
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