Buying or Selling a Business
Your business partner.
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You are in the process of buying or selling a business. We're help to help and stand alongside you at every step of the process.
We complete all necessary elements of your transaction from the offer stage to the closing. Our role is to draft all your documents, negotiate your deal, ensure your transaction is secure and to guide you along the way.
Think of us as your second pair of eyes - because we are. Whether you're buying or selling a pharmacy, a medical clinic, an online store, a transport company, a franchise or a restaurant, we're here to help.
6 Key Elements of a Business Sale.
Your guide to business sales
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Who we help.
A handful of some of the industries we’ve worked with
Retail
Fashion & Design
Food & Beverage
E-commerce
Not-for-Profit & Charities
Real Estate
Ambitious business but small budget?
Discover our resources section. You’ll find videos, guides and contracts to guide you through the legal of your business.
Learn and copy the techniques we use for our clients and use them to protect your business.
Frequently Asked Questions.
Find As to your Qs
An asset purchase agreement allows you to purchase the assets of a business being both the tangible and intangible assets such as the goodwill, the name, intellectual property, equipment, inventory…etc. Unlike an asset purchase agreement, you will not acquire the liabilities of the business.
A share purchase agreement is a contract for the purchase of shares of a business.
In a share purchase, you are acquiring not only the shares but also the liabilities of a corporation. As such, it is important that a thorough due diligence is done of the corporation to ensure that your risk is minimized.
We do an exhaustive due diligence process at Chalati Lawyer. What matters to us is that you are buying a business that is secure. Our due diligence will include a revision of:
- Corporate Organization;
- All important contracts;
- All employment contracts and employment documents;
- Previous litigation;
- Tax Matters;
- Financials;
- Environmental Matters;
- Permits and Licenses;
- Government Regulations;
- Insurances;
- Assets and Equipment;
We review the original lease and ensure that all the steps stipulated in the lease are following for the lease transfer. We then have the lease transferred over to the buyer through a lease assignment contract. The lease assignment is signed by the buyer, seller and landlord.
If you are buying a franchise, we ensure that the franchisor has approved the business sale and that the franchise agreement is properly transferred over to you.
Yes, you may need to incorporate a new business. We will evaluate at the time of the sale with your accountant if incorporating a new business is necessary. Typically, if you are purchasing the assets of a business, you will need to incorporate a business. As for the shares, this will be at the discretion of your legal counsel and accountant.
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