As you sell the company, “warts and all”, share sales are likely to take more time and effort to complete and so are likely to be more expensive than business sales. On the other hand, there are definite tax advantages and, once the shares are sold, you are free of it.  

The additional costs usually relate to:

  • more comprehensive due diligence
  • more extensive warranties, in particular tax related
  • more completion ancillary documentation

At Truelegal we always offer a fixed quote.

A sale of assets may well require the consent of a third party, for example, a landlord in the case of a lease transfer.  This can take time and cause delay. After the sale, you have the expense of collecting the debts due to the company and paying any debts owed by it.

As a rule, buyers will usually prefer asset purchases, while sellers will prefer sale purchases.

We can talk you through your own personal circumstances and make early recommendations before you make or accept an offer.