Preparing your business for sale
To ensure your business looks as attractive as possible to prospective buyers, it is advised to prepare your business for sale well in advance. Our lawyers help you avoid delays, a less-than-optimal result and additional costs in any sale process by assessing or having assessed your firm, its rights and obligations and the legal structure in good time and addressing concerns during the process. They can help you prepare for the sales process so it runs as efficiently and effectively as possible.
Because our lawyers are usually involved with every stage of the sales process, they know exactly what is going on in the current market as well as what potential buyers prioritise with regard to due diligence and the contract negotiations. Risks identified by the buyer that cannot be properly rebutted usually result in the issue of indemnifications or even a reduction of the purchase price. Of course, being 'saleable' and well prepared for sale' are two entirely different things.