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Purchase and sale of a business
At Luthra law, we believe that a business sale or a business purchase cannot be successful without a business lawyer. This is because a business lawyer assists with all transactions of the purchase of a business including sale of a company. There may be complexities that you may not be able to resolve without the advice or presence of a lawyer. This is why we have business lawyers that can help you with all the legal and transactional complexities you may face during the sale or purchase of a business.
Asset sale or share sale?
In every business sector, there are two ways you can make sales, either by selling your organization’s shares or by selling the assets there. Whether you are buying or selling, there are many things you have to know. At Luthra law, we have corporate lawyers who are always ready to give our clients all the information they need, such as their rights, during the purchase or sale of a business. Our business lawyers will also guide you on which is the best for you, an asset sale or a share sale. This is, however, based on your circumstances or the information provided.
Memorandum of understanding/ term sheet or letter of intent
Memorandum of understanding, term sheet, and letter of intent are common when making a business transaction; the terms are, however, not limited to these mentioned above. In most cases, they are terms used to describe certain documents necessary for a business transaction to occur. Although they mean similar things, they are different and are all required for you to have a successful business transaction. Good knowledge of them is needed for your business sale or purchase. On this note, it is recommended that you consult a business lawyer at Luthra law before you begin a business sale or purchase. A business lawyer will help you with the information you need and will help you prepare the necessary documents to prevent any business tragedy from occurring.
Legal Considerations
The entire process of making a business transaction is essential, and as such, it should not be done in a hurry. When making a transaction, we advise that you are patient and allow it to go through the standard time. This is one of the things a business lawyer will do for you. Skilled business lawyers, like the ones we have at Luthra law, understand the process of conducting a business transaction, and they will guide you through each stage.
DO YOU NEED DUE DILIGENCE?
The entire process of making a business transaction is essential, and as such, it should not be done in a hurry. When making a transaction, we advise that you are patient and allow it to go through the standard time. This is one of the things a business lawyer will do for you. Skilled business lawyers, like the ones we have at Luthra law, understand the process of conducting a business transaction, and they will guide you through each stage.
Documents required in the sale of a business
In selling a business, you must have various documents, either as a buyer or a seller. An example of this is the asset purchase agreement. This is, however, not the only document required for you as a business buyer or seller; yet, it is crucial. Discussing with your business lawyer will help you understand the sale and all its necessities. Your lawyer will also help prepare the documents you need to buy or sell a business.
Does Luthra Law provide services in Mississauga and Toronto?
Yes, Luthra law is available to provide excellent business services in places such as Mississauga, Toronto, and all of Ontario. You can contact us today for any of our business services.