Purchase And Sale Of A Business
Our Services
We prepare an agreement to safeguard your rights:
- Non-competition/non-solicitation
- Tax considerations
- Confidentiality
- Liability-free
- Representations and Warranties
We do our due diligence searches and ask the right questions to ensure you are protected:
- Have the employees been paid vacation pay?
- Has the seller filed for bankruptcy?
- Can the bank seize the equipment used for the business?
- Does the seller have a lawsuit pending?
- Does the seller really own the goods he is selling?
- Has the business passed zoning, health and fire inspections?
We are masters of negotiation, defenders of your rights, and creative thinkers in navigating the landscape of closing your transaction
The most satisfying part of our job - after all, when something ends, something new begins, and a new beginning is always a new opportunity.
Buy & Sell With Confidence
Closing Cost Calculation
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Frequently Asked Questions
When engaging in the purchase or sale of a business in Ontario, it's crucial to consider factors such as contractual obligations, regulatory compliance, intellectual property rights, and potential liabilities. Consulting with a corporate lawyer is advisable to navigate these complexities.
The legal process of buying a business in Toronto typically includes due diligence, negotiation of terms, drafting and reviewing contracts, obtaining necessary permits, and completing the transfer of assets. A business lawyer can guide you through each step.
Implementing clear contractual terms, conducting thorough due diligence, and addressing any outstanding legal issues before the sale can help minimize liabilities. A business lawyer can advise on risk mitigation strategies.
While it is possible for the same lawyer to represent both parties, it's generally advisable for each party to have independent legal counsel. This ensures that each party's interests are fully represented and avoids potential conflicts of interest.