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Business Sales and Purchases

Acquire or sell a business with absolute confidence with the help of our expert commercial legal team. Trust Pearcelegal to guide you through a streamlined sale or purchase.

Purchasing or selling a business requires meticulous oversight to ensure everyone involved is properly represented. Our commercial team provides legal support to sole traders, partnerships and company directors looking to expand or sell their business.

Purchasing or selling a business is a big step for any company owner to take. The Pearcelegal commercial team can provide you with advice and support to facilitate a smooth transfer. Our team has experience working with businesses large and small, from start-ups to long-established family-owned businesses. We can help you to structure the deal with terms that are satisfactory to both buyer and seller. We’ll also ensure you are fully aware of your legal and tax liabilities so you can make informed choices.

How Pearcelegal can help with business sales and purchase

Our expertise extends to all forms of business sales and purchase, so we can guide you through the transaction. Regardless of the type of sale or purchase, we can help to execute the deal with minimal disruption to your business. We will also ensure all key issues are addressed in the deal, leaving no stone unturned. We can provide support with:

  • Share or asset sale structure

  • Due diligence

  • Confidentiality agreements

  • Employment contracts and pensions

  • Securing key issues

  • Completion and post-completion

We will also direct you towards other advisors essential for this process, including financial advisors and corporate brokers. From start to finish, we will ensure you experience the highest standards of care and support.

Frequently asked questions

Can you sell a business that is losing money?

Yes, if you can find a buyer willing to take it on. You will have to be honest about the financial position and not attempt to conceal anything about the fact that the business is losing money. If a buyer feels confident they can turn the business around, they may be willing to relieve you of the burden.

What is a non-solicitation agreement?

When buying a business, you may ask the seller to include a non-solicitation clause. This will prevent the seller from approaching their old clients and customers and trying to steal business.

Do you need a solicitor when buying a business?

Yes, it’s important to seek legal advice when buying a business as you will need someone to prepare contracts, documentation and manage interactions. A solicitor can help you to understand your position and negotiate better terms.

What is a non-competition clause?

If you buy a business, it makes sense to include a non-competition clause to prevent the seller from starting up an identical business and going after your customers. A non-compete clause will typically have a time-frame and a geographical location attached to it.

Our specialists in Business Sales and Purchases

Graham Pearce

Director and Head of Department for Conveyancing, Commercial and Charity

Expert advice for you Book a free consultation

The team at Pearcelegal will be delighted to discuss your legal matters and give you a no-obligation quote.

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