CALGARY BUSINESS MERGERS AND ACQUISITIONS

Business Purchase Lawyer

If you are in the market to buy or sell your business, it is essential to have an experienced business purchase lawyer on your side. From due diligence to contract negotiation to timely closing, there’s a lot to keep track of. A good business acquisition lawyer can help you navigate the process, identify potential pitfalls, and negotiate the best possible deal for your company.

Buying or selling a business is a big decision. Still, with careful planning and thorough paperwork, it can be a great way to achieve your entrepreneurial goals. That’s why it’s crucial to retain a lawyer who knows the ins and outs of business acquisitions.

DLegal is here to guide you through acquisitions of other businesses, selling business assets or shares in an existing business, and merging with another enterprise.

If you are planning on acquiring or selling an existing business, we are ready to assist with due diligence and drafting and reviewing of share purchase agreements or asset purchase agreements. We will also ensure a timely and successful closing of your transaction and protect your interests.

Let's Start

commercial lease lawyer walking through commercial building

Buying a Business

When you buy a business, you are buying an opportunity. You are buying the chance to be your own boss, set your hours, and make your own decisions. But with that opportunity comes responsibility, and consulting with a lawyer is essential to the transaction.

As a business owner, you will be responsible for the success or failure of the enterprise. When it comes to business acquisitions, there are a lot of moving parts. First, you will need to investigate if the business is a good investment and that there are no hidden liabilities that could come back to haunt you down the road. Then, as your business grows, you will need to ensure that your customers are satisfied, that your employees are productive, and that your finances and legal obligations are in order.

If you have already found a business you want to buy, a lawyer can help you review the purchase agreement and negotiate terms that are favorable to you. They can also refer you to tax advisors to discuss the tax implications and costs of the purchase and help you structure the deal in a way that minimizes your exposure to liability.

Unfortunately, there is no guarantee of success in any venture. Still, certain factors can increase your chances of achieving your goals. One of them is partnering with the right Calgary business lawyers from the outset.

Selling a Business

There are many reasons why you might want to sell your business. Maybe you’re ready to retire, or perhaps you’re just looking for a change of pace. Whatever the reason, selling a business can be a tricky process. There are a lot of essential details that need to be ironed out to make sure the sale is a success.

When changing ownership is in sight, you should create a business succession plan. Succession planning is a process that businesses use to ensure the continuity of their operations in the event of a change in leadership. There are many reasons why succession planning is essential. Still, one of the most crucial is that it allows businesses to avoid the disruptions that can occur when key personnel leave or a business is sold.

A business purchase lawyer can help ensure that the sale goes smoothly and that all necessary paperwork is in order. They can also provide guidance on what to expect during the process and answer any questions you may have. Whether you’re looking to sell your business outright or retain a minority stake, having a lawyer by your side will give you the best chance of success.

The Process of Buying or Selling a Business

WHAT CALGARY BUSINESS ACQUISITION LAWYERS DO

Buying a business is very different from buying a home, but it can be well worth it if you find the right business. For one thing, you usually deal with commercial real estate, which is a whole different animal than residential real estate. There are also a lot more financial considerations when buying a business. For example, you need to consider inventory, accounts receivable, and accounts payable.

You also must be prepared to negotiate with the seller on things like price, terms of the sale, and any contingencies. Again, a business acquisition lawyer can guide you through this process and negotiate on your behalf to ensure that the purchase is in your best interest.

DUE DILIGENCE IN BUSINESS ACQUISITION

Due diligence is an important process that lawyers use to gather information about a business before advising their clients on an investment. The due diligence process can help identify potential risks and liabilities associated with the business and any potential opportunities for growth.

During the due diligence process, lawyers will review contracts, corporate records, and other legal documents associated with the business. They may also interview key employees and customers, and visit the business premises to get a better understanding of the business operations. By performing due diligence, lawyers can help their clients make informed decisions about whether or not to invest in a particular business.

ASSET PURCHASE AND SHARE PURCHASE

When buying a business, there are two main options for purchase: asset purchase or share purchase. Each option has its own pros and cons, so it’s essential to consider them when determining which avenue is right for your particular situation.

An asset purchase involves buying the physical assets of the business, such as the property, equipment, and inventory. This can be a good option if you’re interested in the business itself but not necessarily the company’s name or reputation.

A share purchase, on the other hand, involves buying the shares of the company from its owners. This can be a good option if you’re interested in taking over the company as a whole, including its name and reputation. Each option has pros and cons, so it’s crucial to weigh all of your options before making a final decision.

BUSINESS PURCHASE AGREEMENT

A business purchase agreement is a contract used to purchase an existing business. The agreement typically outlines the terms of the sale, including the purchase price, the payment schedule, and any conditions the buyer must meet. The agreement may also include provisions for financing the purchase, if needed, or responsibility for certain liabilities.

In Alberta, all business purchase agreements must be in writing and must be signed by both parties. Once the agreement is signed, it is binding on both parties and can be enforced in court if necessary. Carefully drafting and reviewing a business purchase agreement can help to ensure that all parties understand their rights and obligations and can help to avoid any legal disputes that may arise in the future.

DLEGAL BUSINESS PURCHASE LAWYERS

When buying a business, it is vital to have an experienced business purchase lawyer on your side. There are many complexities involved in purchasing a business, and a lawyer can help navigate the process and protect your interests. Our business lawyers have extensive experience overseeing sale transactions, so get in touch with us today for legal assistance for your next venture.

Contact

Fees