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Buying or Selling a Business Solicitors

If you are considering buying or selling a business, our expert solicitors at Warner Goodman can provide all the support and assistance you need.

While approaching a business purchase or sale is potentially exciting, the processes can be lengthy and risky. Our solicitors can provide tailored advice and support, saving you valuable time and protecting your financial interests.

Feeling uncertain or even apprehensive about the complexities of buying or selling a business is natural. Rest assured, our experienced team is here to guide individuals from all backgrounds through these transactions with confidence and expertise.

Our solicitors take a friendly and practical approach, catering our support to your requirements and any worries you may have. We can offer full support with the following aspects of business purchases and sales:

  • Buying a company (whether an asset purchase or a share purchase)
  • Selling a company (whether an asset sale or a share sale)
  • All forms of related support, including drafting Heads of Sale and assistance with due diligence processes
  • Assistance with negotiations and help to resolve any issues that arise when approaching these transactions

Contact Our Commercial Solicitors Today for Your Business Sale or Purchase Needs

Need legal advice for buying or selling a business? We have expert lawyers in SouthamptonPortsmouthFarehamChandler's Ford, and Waterlooville..

To find out how Warner Goodman Solicitors can assist you, contact the team on 023 8063 9311 or email enquiries@warnergoodman.co.uk.

How our commercial business team can help you:

Legal support to purchase a company

When you are planning to buy a business, there are many considerations you will need to make. As such, these transactions are best approached with the help of a specialist commercial solicitor.

At Warner Goodman, we can ensure that your transaction is well-planned from the very beginning. This will include supporting you in creating a drafted Heads of Terms document that reflects your requirements.

Whether you are buying or selling a business, our lawyers can also help conduct due diligence checks and determine a business valuation. We can further assist with assessing the terms of sale that have been proposed, negotiating, and transferring leases and other contracts as necessary.

Legal support to sell a company

Selling a business is a huge decision. When approaching this transaction, you’ll need legal support and guidance. Our experts at Warner Goodman can assist with the full range of necessary tasks, including help with valuing your company, negotiating the terms of sale, drafting the contracts of sale, and more.

We will start by reviewing your situation and goals and then provide the support you require.

Types of purchases and sales

The type of legal support you need will depend on whether you are approaching an asset purchase or sale, or a share purchase or sale.

Our solicitors can assist you with any type of purchase or sale by providing you with personally tailored and proven-effective legal support.

Asset purchases and sales

An asset purchase means to purchase all or some of the assets of a business. These assets usually include property, equipment, and goodwill. As part of the deal, the buyer may inherit all company liabilities or choose to take on only certain liabilities, depending on the terms.

With expertise across all areas of commercial law, our solicitors at Warner Goodman can offer comprehensive support with asset purchases and sales.

Share purchases and sales

A share purchase means to buy a company by purchasing its shares. It differs from an asset purchase because the buyer automatically acquires all the companies’ liabilities. Unlike an asset purchase, there is no option to choose which liabilities the new owner will take on.

If you are involved in a share purchase or share sale, our solicitors for business sales or purchases can ensure you have the robust legal support and protection you need.

Frequently asked questions about buying or selling a business

Do you need a solicitor when buying or selling a business?

Whilst you do not strictly need a solicitor for a business sale or purchase, moving through the necessary stages can be difficult without legal help. Unless you have a solicitor’s support, it can be challenging to protect your interests.

Our solicitors can help you draft the Heads of Agreement and support you with due diligence processes. We can further assist with Sale and Purchase Agreements and all other necessary stages and contracts as required.

What are the average fees for a solicitor buying or selling a business?

Determining the average cost of legal advice for buying or selling a business can be difficult. At Warner Goodman, our costs depend on your case, including the extent and type of support you need.

For more information about our fees, please get in touch with our expert buying or selling business solicitors today. A member of our team will be happy to assess your requirements and then provide a fee estimate as soon as possible.

How long does selling a company take?

Selling a company takes an average of between 6 and 8 weeks. However, this is just an estimate, as every deal is different and has unique circumstances.

If you plan to sell a company, you are advised to contact an expert lawyer as early as possible. Our specialist solicitors at Warner Goodman can guide you through the process, ensuring that you are happy at each stage and that you understand your responsibilities


Contact Our Commercial Solicitors Today for Your Business Sale or Purchase Needs

Need legal advice for buying or selling a business? We have expert lawyers in SouthamptonPortsmouthFarehamChandler's Ford, and Waterlooville.

To find out how Warner Goodman Solicitors can assist you, contact the team on 023 8063 9311 or email enquiries@warnergoodman.co.uk.

 

To speak to one of our experts please call us

The information and advice was clear and concise and made what was a very stressful time a little easier.