Part of Buying and Selling a Business in Perth

When it comes to selling or buying a business in Perth, don’t make the assumption that completing all of the necessary paperwork is an easy task that you can handle on your own.

A Business Property Settlement professional will ensure that transferring the ownership of your business to another party, and getting paid accordingly is a smooth transition process that gives you the peace of mind you desire.

 Business settlements require a specialised knowledge of each specific industry, so make sure you put your trust in a company who know exactly what they are doing.

Brook & Co will ensure that all licences, business names and permits are transferred and that the assignment of the Lease of the premises and any franchise or licence agreement is approved.

The appropriate adjustment of rent and outgoings attached to the business is made at settlement, and we liaise with the banks and financiers on your behalf to arrange settlement and for the discharge of any encumbrances over the business.

Call us today to discuss how we can assist you further in these matters.

 

Pitfalls of Buying and selling a business...

Experience has shown that clients who seek to settle without the assistance of a licensed Settlement professional are at risk of unforeseen issues causing problems such as:

(a) Believing that items of stock that are seen on viewing the business are included in the sale and then finding that they are not included in the contract schedule;

(b) After buying the business, learning that they are liable for holiday leave or sick leave entitlements to employees that should have been paid for by the vendor;

(c) Vendors having to reveal their client base and suppliers before the contract for sale is binding on the buyer leaving the seller vulnerable if the buyer does not proceed with the purchase of the business; or

(d) At settlement your buyer is unable to proceed because their finance is not ready.

 

Buying and selling a Business - Questions and Answers?
If you have any questions or comments about property settlement services in Perth feel welcome to contact lawyers at Brook & Co.