[vc_row full_width=”stretch_row_content_no_spaces”][vc_column][layerslider_vc id=”27″][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”50px”][vc_column_text]<\/p>\n
[\/vc_column_text][vc_separator color=”custom” border_width=”4″ el_width=”10″ accent_color=”#45f0df”][vc_empty_space height=”50px”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content”][vc_column width=”2\/6″ css=”.vc_custom_1523298315912{padding-right: 100px !important;background-color: #5f4f87 !important;}”][vc_column_text css=”.vc_custom_1658773812517{padding-top: 230px !important;padding-right: 40px !important;}”]<\/p>\n
Your guide to business sales<\/span>[\/vc_column_text][vc_separator color=”custom” align=”align_left” border_width=”4″ el_width=”30″ accent_color=”#45f0df” css=”.vc_custom_1536353400079{padding-bottom: 230px !important;}”][\/vc_column][vc_column width=”4\/6″][vc_row_inner css=”.vc_custom_1523298118777{padding-top: 20px !important;}”][vc_column_inner width=”1\/3″][vc_column_text css_animation=”slideInRight”]<\/p>\n \uf103<\/i><\/span><\/p>\n Our first step is to establish what is being sold\/purchased. Are you buying or selling the assets or the shares of the business?<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][vc_column_text css_animation=”slideInRight”]<\/p>\n \uf103<\/i><\/span><\/p>\n After establishing the details of the transaction, we draft your offer to purchase, establish the conditions of the sale and set the closing date.<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=”1\/3″][vc_column_text css_animation=”slideInRight”]<\/p>\n \uf103<\/i><\/span><\/p>\n The due diligence is one of the most important parts of the process. We do a thorough due diligence of the business your buying to ensure that your transaction is secure.<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][vc_column_text css_animation=”slideInRight”]<\/p>\n \uf103<\/i><\/span><\/p>\n Once we have cleared due diligence, we draft your purchase agreement. Your purchase agreement minimizes your risk and establishes each parties representations, warranties and obligations during and after the sale process.<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=”.vc_custom_1523298125157{padding-bottom: 20px !important;}”][vc_column_inner width=”1\/3″][vc_column_text css_animation=”slideInRight”]<\/p>\n \uf103<\/i><\/span><\/p>\n Is the business your buying or selling leasing a space? We ensure that the lease transfer is done smoothly and that all documents are in order with the landlord.<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][vc_column_text css_animation=”slideInRight”]<\/p>\n \uf103<\/i><\/span><\/p>\n At the closing date of the transaction, we sign the purchase agreement alongside all ancillary documents for the sale. After the documents are signed, we disburse the funds to the Parties involved.<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text]<\/p>\n [\/vc_column_text][vc_separator color=”custom” border_width=”4″ el_width=”10″ accent_color=”#45f0df” css=”.vc_custom_1523649570154{padding-bottom: 20px !important;}”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content”][vc_column width=”1\/3″][\/vc_column][vc_column width=”1\/3″][vc_btn title=”Contact Us” style=”custom” custom_background=”#5f4f87″ custom_text=”#ffffff” shape=”square” align=”center” link=”url:http%3A%2F%2Fchalatilegal.ca%2Fen%2Fcontact-us%2F|||” css=”.vc_custom_1613596785389{padding-bottom: 50px !important;}”][\/vc_column][vc_column width=”1\/3″][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text]<\/p>\n A handful of some of the industries we’ve worked with<\/p>\n [\/vc_column_text][vc_separator color=”custom” border_width=”4″ el_width=”10″ accent_color=”#45f0df”][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner width=”1\/3″][vc_icon type=”linecons” icon_linecons=”vc_li vc_li-shop” color=”custom” background_style=”boxed” background_color=”custom” size=”lg” align=”center” custom_color=”#ffffff” custom_background_color=”#5f4f87″][vc_column_text]<\/p>\n Retail<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][vc_icon type=”linecons” icon_linecons=”vc_li vc_li-t-shirt” color=”custom” background_style=”boxed” background_color=”custom” size=”lg” align=”center” custom_color=”#ffffff” custom_background_color=”#5f4f87″][vc_column_text]<\/p>\n Fashion & Design<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][vc_icon type=”material” color=”custom” background_style=”boxed” background_color=”custom” size=”lg” align=”center” custom_color=”#ffffff” custom_background_color=”#5f4f87″][vc_column_text]<\/p>\n Food & Beverage<\/p>\n [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=”1\/3″][vc_icon type=”material” icon_material=”vc-material vc-material-phonelink” color=”custom” background_style=”boxed” background_color=”custom” size=”lg” align=”center” custom_color=”#ffffff” custom_background_color=”#5f4f87″][vc_column_text]<\/p>\n E-commerce<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][vc_icon type=”material” icon_material=”vc-material vc-material-money_off” color=”custom” background_style=”boxed” background_color=”custom” size=”lg” align=”center” custom_color=”#ffffff” custom_background_color=”#5f4f87″][vc_column_text]<\/p>\n Not-for-Profit & Charities<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][vc_icon type=”material” icon_material=”vc-material vc-material-account_balance” color=”custom” background_style=”boxed” background_color=”custom” size=”lg” align=”center” custom_color=”#ffffff” custom_background_color=”#5f4f87″][vc_column_text]<\/p>\n Real Estate<\/p>\n [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content” css=”.vc_custom_1523389709001{background-color: #45f0df !important;}”][vc_column width=”1\/4″][\/vc_column][vc_column width=”1\/2″][vc_column_text css=”.vc_custom_1523649430654{padding-top: 50px !important;}”]<\/p>\n [\/vc_column_text][vc_separator color=”custom” border_width=”4″ el_width=”10″ accent_color=”#5f4f87″][vc_btn title=”Learn More” style=”custom” custom_background=”#5f4f87″ custom_text=”#ffffff” shape=”square” align=”center” link=”url:http%3A%2F%2Fchalatilegal.ca%2Fen%2Fknowledge-base%2F|||” css=”.vc_custom_1534865041566{padding-bottom: 50px !important;}”][\/vc_column][vc_column width=”1\/4″][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1523302936027{padding-top: 50px !important;}”]<\/p>\n Find As to your Qs<\/p>\n [\/vc_column_text][vc_separator color=”custom” border_width=”4″ el_width=”10″ accent_color=”#45f0df” css=”.vc_custom_1523649049598{padding-bottom: 32px !important;}”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content” css=”.vc_custom_1523382416223{padding-right: 42px !important;padding-left: 42px !important;}”][vc_column][vc_tta_accordion style=”modern” shape=”square” active_section=”90000000″ collapsible_all=”true”][vc_tta_section title=”What is an asset purchase agreement?” tab_id=”1536353801609-94ea7164-3634″][vc_column_text]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.<\/p>\n [\/vc_column_text][\/vc_tta_section][vc_tta_section title=”What is a share purchase agremeent?” tab_id=”1523388080539-0744c53f-6328″][vc_column_text]A share purchase agreement is a contract for the purchase of shares of a business.<\/p>\n 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.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”What do we verify in the due diligence process?” tab_id=”1537997024445-559a86c0-8dd0″][vc_column_text]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:<\/p>\n [\/vc_column_text][\/vc_tta_section][vc_tta_section title=”What happens to the lease?” tab_id=”1523388152433-2591f92e-10dc”][vc_column_text]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.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”What happens in the event of the sale of a franchise?” tab_id=”1523388080578-6ed954ef-bc4f”][vc_column_text]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.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”Do I need to incorporate a new business?” tab_id=”1658774244818-0962472d-b059″][vc_column_text]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.[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n Request a consultation via the form below<\/p>\n [\/vc_column_text][vc_separator color=”custom” border_width=”4″ el_width=”10″ accent_color=”#45f0df”][lab_contact_form name_title=”Name.” email_title=”Email.” message_title=”Message.” show_subject_field=”yes” subject_title=”Phone.” submit_success=”Thank you, message sent!” alert_errors=””][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":" [vc_row full_width=”stretch_row_content_no_spaces”][vc_column][layerslider_vc id=”27″][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”50px”][vc_column_text] Business sales done right. [\/vc_column_text][vc_separator color=”custom” border_width=”4″ el_width=”10″ accent_color=”#45f0df”][vc_empty_space height=”50px”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content”][vc_column width=”2\/6″ css=”.vc_custom_1523298315912{padding-right: 100px !important;background-color: #5f4f87 !important;}”][vc_column_text css=”.vc_custom_1658773812517{padding-top: 230px !important;padding-right: 40px !important;}”] 6\u00a0Key Elements of a Business Sale.\u00a0 Your guide to business sales[\/vc_column_text][vc_separator color=”custom” align=”align_left” border_width=”4″ el_width=”30″ accent_color=”#45f0df” css=”.vc_custom_1536353400079{padding-bottom: 230px !important;}”][\/vc_column][vc_column width=”4\/6″][vc_row_inner css=”.vc_custom_1523298118777{padding-top: 20px !important;}”][vc_column_inner width=”1\/3″][vc_column_text css_animation=”slideInRight”] Assets or Shares \uf103…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-13819","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/chalatilegal.ca\/en\/wp-json\/wp\/v2\/pages\/13819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chalatilegal.ca\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/chalatilegal.ca\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/chalatilegal.ca\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/chalatilegal.ca\/en\/wp-json\/wp\/v2\/comments?post=13819"}],"version-history":[{"count":6,"href":"https:\/\/chalatilegal.ca\/en\/wp-json\/wp\/v2\/pages\/13819\/revisions"}],"predecessor-version":[{"id":14582,"href":"https:\/\/chalatilegal.ca\/en\/wp-json\/wp\/v2\/pages\/13819\/revisions\/14582"}],"wp:attachment":[{"href":"https:\/\/chalatilegal.ca\/en\/wp-json\/wp\/v2\/media?parent=13819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Assets or Shares<\/span><\/h1>\n
Offer to Purchase<\/span><\/h1>\n
Due Diligence<\/span><\/h1>\n
Purchase<\/span><\/h1>\n
Leasing<\/span><\/h1>\n
Closing<\/span><\/h1>\n
Get a Quote.<\/span><\/h1>\n
Who we help.<\/span><\/h1>\n
Ambitious business but small budget?<\/span><\/h1>\n
Discover our resources section. You’ll find videos, guides and contracts to guide you through the legal of your business.<\/span><\/h1>\n
Learn and copy the techniques we use for our clients and use them to protect your business.<\/span><\/h1>\n
Frequently Asked Questions.<\/span><\/h1>\n
\n
Ready to go?<\/span><\/h1>\n