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Corporate & Commercial

Business Purchase and Sale Solicitors

When it comes to buying or selling a business, a smooth and successful deal hinges on thoughtful planning, attention to detail, and a deep understanding of the commercial landscape.  Our Corporate & Commercial team have walked this path with numerous clients across various industries, and we are here to make your business transition as seamless as possible.

Our team of proactive commercial lawyers brings real-world experience to the table. We have helped clients navigate the intricacies of business transactions, and we are well-versed in the practical aspects of making these deals work.

What sets us apart is our collaborative approach. We do not simply rely on our own expertise; we work closely with colleagues who specialise in areas such as commercial property and employment law. Moreover, our network extends beyond the firm to include skilled professionals such as accountants and consultants.

Legal advice when buying a business

There are many different stages involved in buying a business and various considerations before taking this significant financial commitment.  Appointing the right legal advisors who have the relevant experience in the nuances involved is crucial in helping you understand the path that lies ahead.  Our buying a business solicitors can assist you in the following ways:

  • Understanding the basics of buying a business – we will explain the steps involved, the different methods of purchase and which would be the right one for you.
  • Legal considerations – our role will be to explain the steps involved, for example highlighting the differing business structures that may be available to you, including a sole proprietorship, partnership, corporation or limited liability company.  During the transaction itself, we will guide you through the key documentation required to make your business venture a success.
  • Financial matters – as well as advising based on our own experience, we can refer you to the right external professionals who can assist with valuations, finance options and tax implications that will arise from the transaction.
  • Due Diligence – perhaps one of the most important stages, this will highlight the legal, financial and operational stability of the business you are seeking to purchase. 
  • Negotiations – there will be several points during the process where negotiations will be key, enabling you to reach the right price, terms and conditions for the business purchase.

Legal advice when selling a business

Deciding to sell your business will be a life-changing decision, and not one that you will have taken lightly.  After years of hard work and dedication, you will be seeking the right buyer to ensure continuity for the reputation of your business as well as stability for your employees.  Our Business Sale Solicitors can assist you with the preparations for the sale of your business, the negotiations as well as the legal requirements involved:

1. Initial consultation - we begin by understanding your goals and objectives. We gather crucial information about your business, financial expectations, and any unique aspects that might influence the sale process.  We will also review your own plans for your future, i.e. whether you wish to remain involved in the business or step away completely.

2. Business valuation - our team collaborates with expert valuators to conduct a thorough business valuation. This assessment considers financial performance, assets, market trends, and growth potential to determine the accurate value of your business. 

3. Preparing your business for sale - we guide you in preparing your business for sale, including identifying areas for improvement and addressing potential red flags. We will work with you to present your business in the best possible light to probable buyers, showing clarity and transparency.  In addition, we ensure that your business adheres to all legal requirements, licenses, and permits and discuss with you the more aesthetic virtues of your business and the premises you either own or rent. 

4. Marketing and negotiation - we will negotiate with prospective buyers on your behalf, ensuring that your interests are safeguarded and favourable terms are achieved.

5. Due diligence and completion - during due diligence, potential buyers will scrutinise your business's details. We assist you in preparing comprehensive due diligence materials, address any concerns that arise and facilitate the smooth transfer of ownership once the deal is finalised. 

Contact our Business Sale and Purchase Solicitors

Our commercial law team combines legal expertise with a deep understanding of business dynamics. Whether you are buying or selling a business, our dedicated approach ensures that your interests are safeguarded and your objectives are met. With a proven track record and a commitment to excellence, we are ready to guide you through every step of your business journey.  Contact us today to from our offices in Andover, Romsey, Salisbury, Totton and Witney to schedule a consultation and take the first step towards a successful business transaction.  You can use the Contact Form, email info@parkerbullen.com or call your local office: