Sale of Accounting Practices
We finalised the documents for the sale of 3 accounting practices. For 2 of them, 70% of the purchase price is being paid now and 30% in a year. In the other, its 80% now and 20% later. My clients are concerned that they will not see the balance of the money, but we arranged […]
Complicated Business Sale Agreement
I’ve been working on a complicated business sale agreement this week. Among other things: Control of the buying company has to be changed with a change of shareholders and directors. The selling company need to change its name so that the buying company can register a business name similar to the selling company’s original name […]
Sale and Purchase of a Business
I am working on a sale and purchase of a business. The buyer and seller are business partners. The seller wishes to slow down and act as consultant only for a few years and then retire altogether. They wanted me to act for both parties, but the conflict of interest is too much of a […]