Selling Your Business

Selling Your Business

If you’re hoping to sell your business, the expert solicitors at Astle Paterson’s Corporate department are ready to advise you on every step of the way. With over 40 years’ experience in buying and selling businesses, we will advise you on the best possible actions to take, ensuring that the sale goes smoothly and that you get your true money’s worth for your years of hard work.

Considerations for when you sell your business

If your business is a limited company, you need to consider the risks and rewards of selling:

• The business, assets and goodwill as a going concern, as compared to
• Selling the entire issued share capital of the company.

We will help you to come to the decision that is best for you and for the business you’ve worked hard to build. This is a complex problem with many factors to consider, but we are here to ease the process and help you every step of the way. We will discuss the following considerations with you, and more, to assist your decision:

• your net-of-tax receipts
• third-party contracts (e.g. landlords, suppliers, agents)
• any regulatory licenses/permits required for the business
• property issues
• buyer’s preference

Getting the best returns for selling your business

Understanding the essentials of valuing a business is critical when it comes to making sure you get the best deal. We will advise you on such matters as:

• identifying opportunities for maximising your returns
• retaining key employees through your sale
• minimising risk and future profitability

As well as the assets the business owns, which may include property, plant and machinery, vehicles, intellectual property (e.g. designs, patents, trademarks, and similar), these factors may make a monumental difference in the final figure that your business sells for.

Sell your business with the help of the experts

Our Corporate team’s experience of over 40 years in buying and selling businesses, as well as advising and acting for banks, equity investors and other funders, will ensure that your best interests are protected and that you are fully informed and involved throughout. We will provide non-jargon explanations to clarify issues as they arise so you can stay informed. With our help you can be assured that your business sale is guided by a steady hand.

Arrange an appointment with our Corporate Department to get started. We will clarify what is involved, giving you an outline of the sale process from a legal perspective. Our team will identify issues which may impact the legal process and give you a clear fee estimate at the outset.

We work closely with other local professional firms (accountants, financial advisers, bankers, funders and similar) to ensure that your professional needs are met promptly, cost-effectively and are locally-sourced.

Not only is our Corporate Team extremely experienced, our Commercial Property, Wills & Probate and Disputes Resolution & Litigation teams are extensive, supportive and committed to meeting your goals.

Enquire for an initial no-fee discussion

Our Corporate team are happy to assist you and your business. If you would like an initial ‘no fee’ discussion with our experienced solicitors, contact the team directly:

• Contact our Corporate department directly online
• Call our helpful team on 01283 531366

Read more about: Disputes , Funding & Finance , Starting a Business