Kickstart your 2018 Business Goals - Tips for Selling Your Business

Posted by Malcolm Campbell, Luke Mitchell on 21 February 2018
Kickstart your 2018 Business Goals - Tips for Selling Your Business

If change is in order for 2018, here are our top tips for selling your business:

 

 

 

 

 

 

 

  1. Make sure the method used in valuing the business is accurate and, if relevant to your business, that there is a mechanism for valuing any trading stock at completion;
  2. If you agree to a deferred purchase price payment structure, consider requiring security or a guarantee in respect of the outstanding amounts, minimise where possible the right of retention by the purchaser and always specify minimum values as to claims to be made by the purchaser for things such as alleged breach of warranties to ensure you get as much of the deferred payments in you pocket as possible;
  3. Carefully consider apportionment of the purchase price for the purposes of CGT;
  4. Identify the intellectual property owned or licensed by you and determine whether such intellectual property can be assigned;
  5. Ensure that you have received proper assignment of any intellectual property created by third parties prior to entering into the sale contract;

We'll share more our tips for selling your business in next week's blog.

Back