Buying or Selling a Business?
As part of our commitment to help our clients, we offer at no charge, the brief perusal of contracts and sale documents for businesses, with the understanding that our services are retained if your purchase is successful. We endeavour to provide an overview within 24 hours. When reviewing documents, we use a ‘stop light’ system regarding matters to be aware of, where ‘green’ implies no further action needed; ‘amber’ implies potential action/investigation needed, and ‘red’ implies definite action/investigation needed. If you would like more information, please contact our commercial lawyers today.
Next Steps After Buying a Business
We make the reasonable assumption that you have a team of professional advisors like financial planners, lenders, lawyers, brokers, and accountants who help with necessary due diligence before you buy any business.
A lawyer’s primary role is to ensure the transfer of business, along with regularly communicating with you throughout the journey. As part of our pre-purchase due diligence, we provide contract reviews free of charge, and also provide detailed advice based on the type of business you are investing in. We will also help in verification of documents, and guide you til settlement day when the business is finally yours.
Costs for our Services
When it comes to buying or selling a business, subject to discussions, our professional costs are generally $2,940 plus GST for six hours of our time when acting for the seller. When acting for the buyer, we generally charge $2,450 plus GST for five hours of our professional time. With regards to other matters, our professional costs are generally $500 plus GST for Verification of Identity (VOI), $490 plus GST per hour, $990 plus GST for solicitor’s certification of loan/mortgage/guarantee and indemnity documentation. Do feel free to get in touch for a discussion and general quotation as per your situation.
For Law Services in And Around Malvern, Get in Touch with Our Commercial Lawyers Today. Call us on 03 9509 0710 or 0407 548 632.