Whether you are buying or selling a business, it is usually the biggest investment decision a business can make and it is vital to ensure you are making the right decision.
There are two main types of business sale; an asset sale or a share sale. An asset sale is where the buyer “cherry picks” the best assets of the business and buys those, leaving non-profit making parts behind. A share sale is where the entire shareholding of a company is purchased, handing over control of the company to the purchaser and all the assets as well as all the liabilities.
At Veitch Penny we can offer advice on all the stages of a business acquisition or sale and offer fixed fee services so you know in advance how much it will cost. If you would like to talk about your business in a FREE consultation, please contact us on 01392 344800 or email us.
If you are buying a business, due diligence is the process of checking every aspect of the new business (known as ‘the target’) to make sure you know exactly what you are buying and there aren’t any hidden surprises.
A common danger is potential claims against the target business such as from suppliers or employees; we can check for any of these dangers and advise on how to solve them whilst still going ahead with the purchase.
We can also check for past failures of the target business to follow their legal requirements such as Companies House filings. Failure to follow these procedures can mean an old transaction or decision is actually invalid.
If you would like to talk to us about business or company sales and acquisitions, simply click on the 'Call Back Request' button above and complete the quick enquiry form and we will call you back or call Exeter: 01392 344800 for a FREE initial consulatation.