There can be, but normally these provisions are contained in the Non-Disclosure Agreement (NDA) that is signed up at the same time as the HoTs. An NDA is essential to protect against the damage that would be caused to the [...]
The seller, or sometimes the business transfer agent, may ask you to pay a deposit. This is unusual, but the seller may want to be satisfied the buyer really wants to the business. In other words, that you are acting [...]
Generally, they all charge a percentage of the sale price (the “success fee”). This might be in the region of 5–10 %, although precise figures will vary from one transaction to another. Some agents may agree to be paid hourly or [...]
Yes, you should you use a business transfer or broker expert to help sell your business Is the short answer! Using a good business transfer agent will save you time, money and hassle. The bigger firms of business transfer agents have a [...]
How is a business valued? Valuing a business is not a precise science. Much will depend on the experience of the valuer. Your accountant is probably your first port of call. Even if s/he does not do this sort of [...]
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 [...]
Buying Shares Advantages You step into the seller’s shoes. There is no third party involvement so it is more low key Warranties and indemnities are given by the seller personally Disadvantages You take over the company’s problems, “warts and all” [...]
