Do you have a good relationship with your bank, and are your payments and other liabilities like tax payments up-to-date?.Are your business records up to date, and have you carried out essential housekeeping tasks recently like property maintenance and stocktaking?.Have you obtained a professional valuation of your business?.Do you own freehold or leasehold property? What other assets (like trademarks and patents or customer lists) will form part of the business for sale, and what assets might you retain after the sale?.The target company is usually dissolved after the asset sale.Īs a first step to either of these options, there are a number of things to consider: An asset sale involves the buyer acquiring all or certain assets of the company, and they may also assume certain liabilities associated with those assets. When selling a private limited company (we look at selling other types of businesses below), you have two possible routes to sale: a sale of the company’s shares, and a sale of the company’s assets.Ī share sale involves the buyer acquiring all of the company’s shares, with the company continuing as normal with the buyer as the new owner. Selling a company to a single buyer (bilateral transactions)ĭifferent ways to sell a business – an introduction.Selling a company in financial difficulty.Partnerships and Limited Liability Partnerships (LLPs).Different ways to sell a business – an introduction.
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