PURCHASE & SALE OF BUSINESS / LEASE

A Contract for the sale of a business comprises a “section 52 statement” which discloses the financial position of the business, a lease, disclosure statement on the lease and various disclosures which discloses amongst other things, the zoning restrictions, licences and permits required. The section 52 statement must be prepared by an accountant. 

Whether you are purchasing or selling a business, we are able to advise you in this complicated area. If you are selling, we will prepare a contract of sale and represent you throughout the matter to settlement. If you are considering purchasing, we will review the contract of sale, advise and assist you throughout the process in these matters which require your careful consideration.