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Selling a Business
Your reasons for selling your business may vary but often they will include:
- a competitor approaching you with an offer which is too good to refuse
- you want to retire and want to capitalise on the hard work you have put in over many years
- the economy or other factors have made it more difficult to continue in business or you see it as an alternative to liquidation or dissolution.
Whatever the reason for the sale once you have decided to sell and found a purchaser you will want to proceed as quickly as possible.
You will need to provide information about:
- the finances of your business
- your clients
- your staff
You should have a confidentiality agreement before providing any information. You may also need to give warranties and indemnities about your business, restrictions preventing you from taking any clients, restrictions preventing you from setting up in competition and help with a smooth transfer.
At Hart Brown our specialist can help with all the negotiations and we make sure you understand any restrictions or guarantees that you may be asked to give. We will also advise on any employment situations that might arise.
To speak to someone who can advise on selling a business or any other legal matters relating to your business call, email or request a call back from one of our specialists.