A business transfer involves the sale of the whole or part of the assets of a business by a company or an individual.
A company is a separate legal entity and a company transfer is a type of business sale which involves the transfer of a company’s shares from the seller to the buyer and results in the buyer owning the company, exactly as it was immediately prior to the sale.
If you would like to know more about the differences between the two types of business transfer please see our article: Buying or selling a business? – What is involved?
Whichever form the business transfer takes, a business sale requires a coordinated approach between you, your solicitor, your business transfer agent, your accountant and any other advisers to achieve the best outcome. We will work closely with you and your advisers in order to ensure that you achieve your goals within your time frame.
There are many factors to be considered in preparing for a business sale and we hope our articles will provide you with helpful ideas:
Ten ways to improve the value of your business
Preparing your business for sale
Selling a business? – Is it legally compliant?
Buying or selling a business? – Ignore staff rights at your peril
Transfer of Undertakings (TUPE)
Often critical to making the most of your business sale is appointing the right business transfer agent. A good business transfer agent will not only open up access to potential buyers that you would not otherwise find but will also offer advice and assistance on ways to prepare your business to maximise its sale potential. Find out more about business transfer agents.
Please click here to find out why you might benefit from instructing Gard & Co.
If you are looking for a business transfer solicitor in Plymouth, choose the Plymouth business transfer solicitors, Gard & Co. Solicitors.