Sale of business

Business Sale

The legal service for the sale of a business includes a set of activities aimed at the successful implementation of a ready-made business. The sale of a business can be either complete or partial, taking into account all legal aspects and ensuring the legality of the transaction.

What does the service of selling a business include?

Selling a business is a complex process that requires professional support. Legal services for selling a ready-made business include:

• Consultations on legal issues related to the sale of a business;
• Business valuation and preparation for sale;
• Searching for and attracting potential buyers through business sales agencies;
• Preparing and supporting negotiations with potential buyers;
• Drawing up and checking all necessary documents for the transaction;
• Organizing auctions of a ready-made business, if necessary;
• Supporting the transaction until its completion and transfer of the business to the new owner.

Step-by-step procedure for providing the service

1. Initial consultation and conclusion of a contract for the provision of legal services.
2. Business analysis, its assessment and development of a sales strategy.
3. Preparation of a package of documents for the sale of a business.
4. Search for buyers, organization of meetings and negotiations.
5. Conducting an auction of a ready-made business (if required).
6. Drawing up a purchase and sale agreement and its legal review.
7. Conclusion of a transaction and transfer of the business to a new owner.

Terms of provision services

The service for selling a business can be provided under the following conditions:

• The business is completely legal and registered in accordance with the law;
• The presence of all necessary documents and permits for the sale of the business;
• Transparency of financial statements and the absence of debts to creditors and tax authorities;
• Consent of all owners or shareholders to the sale of the business.

Assistance of a lawyer in selling a business

Selling a business is a multifaceted process that requires professional legal support. A lawyer plays a key role at all stages of the transaction, from business valuation to signing a purchase and sale agreement. Let's consider what a lawyer's assistance in selling a business consists of, including the sale of a ready-made business through business sales agencies, leasing a ready-made business and an auction of a ready-made business.

• Consultations and legal assessment. A lawyer provides comprehensive consultations on all legal issues related to the sale of a business. This includes: Assessment of the legal status of the business and analysis of constituent documents; Checking the availability of all necessary licenses and permits; Analysis of financial statements and debt obligations of the business.
• Preparation of documents. Preparation of documents is one of the most important stages in the sale of an existing business. The lawyer will help in drafting and checking all necessary documents, including: Lease agreements for a ready-made business (if necessary); Documents for participation in an auction of a ready-made business; Purchase and sale agreements for a business and shares; Minutes of meetings of shareholders or business participants; Property transfer and acceptance certificates and other related documents.
• Negotiations and transaction support. The lawyer actively participates in negotiations with potential buyers, representing the interests of the seller. This includes: Conducting negotiations and discussing the terms of sale; Identifying and minimizing legal risks; Preparing and holding auctions of a ready-made business, if required; Monitoring compliance with all agreements and terms of the transaction.
• Concluding the transaction. At the final stage, the lawyer provides legal support for the transaction, which includes: Preparing the final text of the purchase and sale agreement; Checking the legality of signing the agreement parties; Notarization of documents, if necessary; Registration of the transfer of ownership with the relevant authorities; Transfer of the business to the new owner in accordance with the terms of the agreement.

Business for Sale Questions and Answers

What determines the cost of the legal service "Sale of a business"?

The cost of the legal service "Sale of a business" depends on many factors related to the specifics of a particular transaction and the level of complexity of the process. Let's consider the key aspects that affect the formation of the cost of this service.

1. Volume of work and complexity of the transaction. The cost of legal services for the sale of a business largely depends on the amount of work required to complete the transaction. Includes business valuation, document preparation, negotiations and conclusion of an agreement. The more complex the business sale, the more time and effort the lawyer needs.
2. Type of business and its value. The type of business and its market value also play an important role in determining the price of legal services. Selling a high-level ready-made business, such as a large enterprise, requires more thorough analysis and preparation than selling a small business. This may include both a business purchase and sale and a business for the purchase and sale of assets.
3. Availability of additional services. Additional services, such as organizing an auction of a ready-made business or leasing a ready-made business, can increase the overall cost of legal assistance. These additional services provide a broader range of support and require additional resources.
4. Involvement of third-party specialists. Sometimes the process of selling a business requires the involvement of third-party specialists, such as appraisers, auditors or tax consultants. Payment for their services is also taken into account when forming the final cost of legal support. Business sales agencies often cooperate with such specialists to provide a full range of services to their clients.
5. Urgency of the transaction. If the client needs to sell the business quickly, the cost of legal services may increase due to the need for accelerated work. Urgent transactions require additional time and effort from the lawyer, which affects the overall price.
6. Level of professionalism and experience of the lawyer. The cost of the service also depends on the level of professionalism and experience of the lawyer. More experienced specialists with deep knowledge in the field of business sales can charge a higher fee for their services, while guaranteeing high quality and reliability.