Our experienced business purchase lawyers can give you advice so that you can complete your transaction and focus on running your business.
When purchasing a business, it’s important to undertake due diligence. This involves looking at different aspects of the business to make sure there are no surprises after the purchase has gone through. Due diligence can also help you work out what a fair price is for the business and identify any specific warranties or indemnities that you want the seller to provide in the sale contract.
A thorough due diligence can include reviewing the existing agreements that the business has in place, their financial position, their assets and liabilities and business structure. You may also choose to bring in your accountant or other business advisers to assist you in the due diligence.