Entering into a contract to buy or sell a business can be daunting, especially if you haven’t been in business before. The process of locating the right business, negotiating with the seller, and ensuring that you can do what you are setting out to achieve are all aspects of buying a business that can be stressful. Likewise, the sale of a business can be equally as daunting, where you may be required to assist the buyer to transition into the business and be sure that your employees are looked after. It is critical to make sure that the legal processes including entering into the contract, engaging with your bank, and arranging settlement run smoothly and that legal title is transferred as you expect it to be.
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