Business Sales and Purchases

Share Sales/Purchases

In the sale and purchase of the shares of a limited company, there is no cherry picking of assets and no exclusion of liabilities. All of the company, good and bad, is transferred to the new owner.

This means that the buyer will want to go through the process known as due diligence to examine all the financial, commercial, legal and accounting affairs of the company.

This, together with the sale and purchase agreement involves a great deal of detailed work.Therefore share sales are usually used for higher value deals.

We can guide you through the legal due diligence process and complexities of the sale and purchase agreement. We can even help you prepare your business for the due diligence process before you have found a buyer to ensure the deal runs as smoothly as possible once you have agreed to sell.

Acting for the buyer, we can advise on the results of the due diligence, prepare the sale and purchase agreement and ensure that the risk you take in buying the business is minimised.