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. To save time and protect your financial interests, our buying or selling business solicitors can help.

When you prepare to buy or sell a business, it is natural to feel confused and perhaps nervous about the practicalities. We have much experience in assisting diverse individuals with company purchases and sales.

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:

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

Speak to our buying or selling business solicitors today

Need help with buying or selling a business? We have expert buying or selling business lawyers in Southampton, Portsmouth, Fareham, Chandler’s Ford and Waterlooville.

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

How our buying or selling a 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.

Our buying or selling business 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.

To learn more and discuss your requirements today, contact our buying a business solicitors.

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. We can help with valuing your company, negotiating the terms of sale, drafting the contracts of sale, and more.

Our selling a business solicitors 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.

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 buying or selling a business 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 team at Warner Goodman 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 to buy or sell a business, 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.

When buying or selling a company, our solicitors can help you to 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 fees for buying or selling a business solicitor 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 a 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 selling a company solicitors at Warner Goodman can guide you through the process, ensuring that you are happy at each stage and that you understand your responsibilities.