Buying an existing business, as opposed to starting one, can come with many advantages. For starters, you are taking over an established operation that likely is already generating cash flow and making a profit. There are probably established customers and also employees who understand how the business operates. Sometimes you may decide that you don’t want to buy the business, but just its key assets.
A Tully Rinckey Ireland Solicitor can assist buyers throughout the process of purchasing a business or its assets. First, a knowledgeable business Solicitor will be able to assist in the “due diligence” process to ensure that your best interests are protected when buying a business. Due diligence may include assessing a company’s:
employment practices; and
If the buyer decides to pursue the purchase of the business, a Solicitor will work on the buyer’s behalf and handle all legal formalities throughout the process, including negotiation, drafting the contracts and completing and transferring the registration of ownership.
It is important to have the advice and counsel of an experienced business law Solicitor to help with the myriad legal aspects that affect a business throughout its lifecycle. Tully Rinckey Ireland’s team of business law Solicitors is dedicated to providing professional, affordable services to all sizes of businesses on a variety of business law areas.
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