In this episode of The Deal Room, Joshua Taylor (Managing Director of Taylor Insolvency) shares some important insights and warnings when buying a business from a liquidator, administrator, or receiver. Josh also discusses the process of buying a distressed business, the websites to look into, the selling situation that you should consider, and the checklist you can use to identify people or entities that are good potential buyers.
Joshua’s company, Taylor Insolvency, helps all stakeholders involved in the insolvency process — from Directors to Individuals, Accountants, Solicitors, Creditors, Employees, and Customers. They aim to make liquidations as simple as possible in order to help businesses through tough times to happier times.
Episode Highlights:
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- Why people buy a business from a liquidator, administrator, or receiver
- Differences between liquidation, administration, and receivership
- Process of buying a business from a liquidator, administrator, or receiver
- Commonly used websites and usual selling situations
- What buyers of distressed assets should look for
- Checklist for identifying people or entities that are potential buyers
- Seek the right advice
- Key takeaways
Connect with Joshua Taylor
Listen to the episode here and leave us a review:
iTunes: https://podcasts.apple.com/ph/podcast/the-deal-room/id1267098895
Our Business Sales and Growth by Acquisitions Services
Aspect Legal has a number of great services that help businesses prepare for a sale or acquisition to help them prepare in advance and to get transaction ready. And we’ve also got a range of services to help guide businesses through the sale and acquisition process.
We work with clients both big and small and have different types of services depending on size and complexity. We provide a free consultation to discuss your proposed sale or acquisition – so see our show notes on how to book a time to speak with us, or head over to our website at Aspectlegal.com.au
Disclaimer: The material contained on this website is provided for general information purposes only and does not constitute legal advice. You should not depend upon any information appearing on this website without seeking legal advice. We do not guarantee that the contents of this website will be accurate, complete or up-to-date. Liability limited by a scheme approved under Professional Standards Legislation
