Business

Every business is different. So if you are planning to buy or sell a business it is vital that you are aware of your responsibilities and obligations before committing yourself to any business transaction.

Selling your business? Have you considered:

• What is your business worth?

• Whether GST is payable on the purchase price of the contract


• Whether a lease or leases need to be transferred?


• Are adjustments needed to be made to take into account your existing employees entitlements? and


• Are there any franchise agreements that need to be transferred or renewed? Is it capable of being transferred or renewed?

Are you considering buying a business?

Then let us help you with the issues that you need to consider such as:

• Is GST payable on the purchase price?


• What is your stamp duty liability?


• Do you have the best business structure in which to operate the business – Sole Trader, partnerships, company or trust?


• Do you need to be registered for GST?


• Is there a lease or leases that need to be transferred?


• Are adjustments needed to be made to take into account existing employees entitlements?


• Is there a franchise agreement that needs to be transferred or renewed? Is it capable of being transferred or renewed?


• Is any intellectual property to be transferred?


• What is the value of the goodwill?


• Do you need tuition pre and post completion on running the business?


• What reasonable restraints are enforceable against the seller?


• What are your rights to that Business Name?


• Is the price inclusive/exclusive of stock-in-trade and work-in-progress?