Welcome to part 1 of a three-part series about the legal elements for preparing a business for sale with our resident expert Fiona Yiend, the Head of M&A Services at Aspect Legal. In this episode, we focus on setting up protections for the people who are greatly impacted by the deal – the business owners, founders, directors and purchasers.
- When do you prepare a business for sale
- Why are the legal components important
- What to consider when choosing advisors
- Identify where the risks and obligations are
- Address the areas you’ve identified
- Have a plan for the things you cannot change
It is important to be well prepared and organised well in advance of putting your business on the market for sale. As with most planning, preparation is the key to a successful sale of a company.
But what many sellers fail to realise is the importance of considering the legal perspective to exit. You can eliminate or minimise possible issues in a future sale by addressing these legal elements now. This will not only avoid costly delays but could also maximise the value of your business.
Fiona Yiend, who heads up our M&A Services at Aspect Legal, together with host Joanna Oakey, provide some tips to assist you in preparing to sell your business. In this episode, we focus on ways you can set up protections for the people who are most impacted by the deal – the business owners, founders, directors and purchasers. This is also valuable listening to all advisors to businesses who are planning to exit their business through a sale.
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Our Business Sales and 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 acquisitions 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
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