Do I need legal advice before buying a business?
Yes, we strongly recommend you get legal advice before buying a business. It is normally a significant investment with a lot of risk, so it’s important to get professional advice and undertake due diligence before you move ahead. We can help you review the terms of the offer and identify any red flags or issues that need to be resolved from a legal perspective. We also recommend you get financial advice from an accountant or financial advisor.
What You Get
What is involved in buying a business?
There are several steps involved in purchasing a business. from finding a business and making initial enquiries, researching the business, conducting due diligence, having it independently valued, making an offer and then completing the purchase with a Business Sale Contract. We can help guide you through the whole process.
Frequently Asked Questions
We will evaluate the potential business and risk involved, conduct searches, flag any potential issues, and provide a written advice to you which summarises our findings.
This package includes a formal review of the contract for the proposed sale of the business.
Every situation is different, which is why you need expert advice from a commercial lawyer. We’re small business specialists, so you know you’re in safe hands with us.
We’ll consider your unique situation and let you know if we think this is right for your business.
Our head office is at Inspire Cowork – a coworking space in Sydney – but we also support flexible work for our team. Our lawyers can work from anywhere.
We use technology to come to you, wherever you’re located around Australia. Many of our clients work from home or at coworking spaces, just like us.
We communicate with our clients via phone, email and Zoom – whatever works best for you. There’s no need to meet face to face, but if you’re ever in the area you’re welcome to drop in!