Whether you’re purchasing or selling a business, our sale of business lawyers will keep the process running smoothly
While there are many standardised procedures and practices for buying or selling a business, the process can still be complex, time-consuming and confusing –even for experienced business owners.
At Green & Associates, we go out of our way to deliver clear, streamlined services to our clients. Whether you’re purchasing or selling, our expert commercial lawyers can provide dedicated guidance and care throughout the negotiation, signing and handover process.
With over 40 years of combined experience and more than 1,500 cases under our belt, we know how to handle the sale or purchase of businesses across a diverse range of complex industries including finance, retail and private businesses. From purchasing a small business to negotiating large-scale corporate mergers, we’re the business sale lawyer you need on your side.
Get in touch with our team today for expert selling and buying legal services in Sydney.
Why choose Green & Associates?
At Green & Associates, our expert commercial lawyers are here to make the buying and selling process as straightforward as possible. Whether you’re selling a startup or purchasing a corporation, we’ll take the weight off your shoulders and keep the handover process as straightforward as possible.
No matter how specialised your industry is, we’re the business sale lawyer you can rely on for clear communication, expert advice and practical solutions.
- We keep our fees transparent. No hidden costs or unexpected charges. Plus, we offer a 10% discount on fees paid within 7 days of signing with us.
- Our team gets results. With a 97% success rate across over 1,500 cases, we know how to get the best outcome for our clients.
- We keep it clear. No fancy jargon or confusing language. Our team deliver clear advice and exceptional service.
- We’re easy to find. Our office is conveniently located on the border of Kings Cross and Potts Point.
- We’ll work around your schedule. We offer flexible meeting times and will provide consistent updates on proceedings for your legal matters.
- Our team genuinely cares. Whether we’re working on complex criminal cases or dense business handovers, we want what’s best for our clients.
- We’re experienced. Our team has a combined experience of over 40 years across areas including commercial law, criminal law, property law, personal law, environmental law, international law and more.
Our dedicated Kings Cross lawyers service the following Sydney areas:
- Potts Point
- Kings Cross
- Woolloomooloo
- Rushcutters Bay
- Elizabeth Bay
- Darlinghurst
- Surry Hills
Not sure if you’re in our service areas? No worries. Visit our full service page or contact our team today for more information and get one of Sydney’s leading solicitors on your team today.
Get a reliable solicitor for buying a business and take the hassle out of purchasing your next great investment
Purchasing a business is a complicated process involving a variety of complex moving parts. Our reliable sale of business lawyers can guide you through the purchasing process with expert advice and strategic negotiation tactics to ensure your best interests are looked after.
We’ll streamline the purchasing process by preparing all required contracts, arranging the transfer of leases, mortgages and loans, and providing advice on how to best protect your assets throughout the process. We’ll also minimise your purchasing risks by completing thorough due diligence of the business and identifying any essential conditions required in the Business Sale Agreement. In addition, our team will represent your interests throughout the process through conflict mediation and expert negotiation methods.
What is due diligence and why is it an important part of the purchasing process?
Due diligence involves investigating and vetting a business in order to identify any issues that may affect the purchaser. This allows you to understand the risks associated with purchasing a business before exchanging contracts.
The due diligence process involves:
These offences typically involve small quantities of drugs. If an individual is found with traffickable or indictable quantities, the police may charge them with an indictable offence.
- Verifying the financial position and outlook of the business, including its current value.
- Reviewing any leases and mortgages associated with the business.
- Identifying the ownership and management structure of the business.
- Identifying the assets, intellectual property and patents owned by the business.
- Investigating the business’s compliance with regulatory and operational requirements.
- Identifying any upcoming, potential or previous legal proceedings made by or against the business.
Our team can guide you through the due diligence process and ensure that you’re aware of any potential issues ahead of time.
Choose Green & Associates when you need a solicitor for buying a business in Sydney. Contact us today.
Ensure a safe handover for your business with a sale of business lawyer from our team
Selling a business requires an immense amount of planning, organisation and paperwork that can interfere with the daily operations of your team. If you’re looking to sell your business in Sydney, you need a leading sale of business lawyer on your side to keep the process running smoothly.
The following information needs to be organised and verified before selling your business:
- Identifying and organising the business’s licences, patents, trademarks and goodwill.
- Identifying the assets of the business, including fixed assets, stock, equipment and employees.
- Organising relevant employment contracts for past and current employees.
- Organising supplier agreements including invoices, contracts and orders.
- Providing detailed information about the financial structure of the business.
- Providing detailed information about the operational and managerial structure of the business.
In addition, it’s essential to identify and mitigate any issues that may interfere with the selling process or negatively impact negotiations with potential buyers.
What is goodwill and how does it affect the sale of a business?
Goodwill is a unique quality to every business and refers to the business’s ability to retain existing customers/clients and attract new customers/clients. The goodwill of a business is determined by two main factors:
- Reputation. This refers to the brand name of the business, its exposure, its customer base, its relationship with customers/clients, and any intellectual property owned by the business.
- Equipment. This refers to tangible assets such as stock, inventory and equipment currently owned by or owed to the business.
Goodwill is an important factor in determining the business’s ability to expand and continue generating profits for its new owner.
Get the best possible outcome for the sale of your business with a leading business sale lawyer from Green & Associates. Contact us today.
Meet the team
At Green & Associates, our highly-skilled business sale lawyers come from a range of diverse backgrounds and have accumulated over 40 years of combined experience in commercial, criminal and personal law. We provide the utmost attention, care and diligence to deliver exceptional results and smooth communication to our clients.
Learn more about our dedicated sale of business lawyers and discover what sets us apart from the pack.
Dominic Green
Svetlana Collantes
William Martyr
Spyridon Augoustinos
Anthony Kuschert
Lily Douglas
Rayna Thomas
Riva Thapa
Ivy Green
Get in touch with our team today and choose one of Sydney’s leading business sale lawyers for your next sale or purchase.
FAQs about selling and buying legal services for businesses
Buying or selling a business is a complex legal matter that involves a number of important steps, including:
- Business valuation. The seller will conduct a valuation of their business including a complete inventory of their assets, equipment, patents or trademarks, and any other relevant factors that may influence the value of their business.
- The negotiation stage. This involves the buyer, seller and their respective representatives entering a phase of negotiations around the purchase of the business. In this stage, each party will present their ideal sale and purchase price based on the business’s key assets and value. Both parties will also introduce any special conditions required for the sale or purchase of the business.
- Exchange of contracts. After agreeing to terms, the buyer and seller will sign an agreement and exchange a set of legally binding contracts for the sale of the business. A 10% deposit of the purchase price is generally required from the buyer once the contracts have been exchanged.
- Business transfer. The seller will transfer the business title, lease and agreed-upon assets to the purchaser, and discharge any relevant mortgages or loans.
- Settlement. The buyer and seller will transfer all required cheques and documents on the settlement day, which is specified in the initial contract.
Here are some important questions to ask the seller in the negotiation phase when buying a business.
- Does the business need to be revalued or has a relevant valuation been conducted recently?
- Are the business’s financial records accurate and up to date?
- What is the seller’s reason(s) for selling the business?
- Is a handover period required?
- What licences, permits and other relevant permissions is the purchaser required to have in order to operate the business?
- Will existing employees be retained following the transfer of ownership?
A qualified sale of business lawyer will determine the most relevant questions to ask the purchaser. If you’re looking to purchase or sell a business in Sydney, get in touch with our team today.
With over 40 years combined experience across our team, we’re the commercial lawyers you need
Our Potts Point lawyers take the stress out of buying or selling a business in Sydney. We work hard to ensure your needs are met and will deliver clear advice and expert strategies to keep the process running smoothly. Contact our leading commercial lawyers today and get the best representation for your business sale or purchase.