The Process of Selling a Business

Sales and purchase handshake

Selling your business can be a complex undertaking with far-reaching implications. From considering tax liabilities to understanding employment law obligations, there is a lot for company directors to take on board.  Although no two firms are ever the same, there is a standard process of selling a business which will usually be followed. Obtaining specialist…

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Everything You Need to Know About Family Farm Partnerships

Agriculture - Outside of Tractor

Family farm partnerships are extremely common in the agricultural sector. For many farmers, these agreements are loose and undefined. It might even be assumed that because a long-term partnership is working well for all parties there is little reason to formalise it in writing. While there is no legal obligation to set out your farming…

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Can a Business Partner Force You to Sell?

Purchase of care home

It is common for business relationships to come to an end. Relationships may break down or one of the owners could want to explore opportunities elsewhere. Perhaps the company is going through financial difficulties and an owner decides to sell their shares to raise capital.  Another potential reason for a split is a situation where…

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Case Study: Demma Group

Demma Group Construction workers

Demma Group, based in the West Midlands, has grown into a nationally renowned building energy management system provider. Demma approached Thursfields for advice on its sale to Nordomatic, the leading BMS system integrator in Scandinavia. Thursfields’ team was instructed by Demma’s key shareholders to navigate the intricacies of the deal which included corporate and commercial…

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What Should be Included in a Business Purchase Agreement?

September deadline for registering trusts

When transferring some or all business assets from a seller to a buyer, everything should be recorded in a business purchase agreement. Although these documents are common in asset sales, making sure that everything is included demands attention to detail and comprehensive guidance. Knowing what to include in an agreement for the sale and purchase…

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Asset Sale Vs Share Sale: Which is Best?

Restructing and insolvency - men discussing around table

If you’re buying a business in the UK, the two main procedures available to you are an asset sale and a share sale. While both approaches work towards the same objective, there are key differences between the two that need to be taken into account. There is no definite answer to which will suit your…

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Can I Sell My Business Before Divorce?

Office Meeting - man and woman listening to experts

If you own a company, you will want to protect it in the event of a marital breakdown. You may be unsure of what will happen to your company during divorce or concerned about how your assets would be divided between you and your spouse.   One of the many questions you might be considering in…

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Do I Have to Keep Staff When Buying a Business?

Sales and purchase handshake

If you’re in the process of purchasing an existing company, one of your first questions could be ‘Do I have to keep staff when buying a business?’. The transfer of ownership often creates a period of upheaval for a workforce, so providing clarity about their future is essential to comply with laws around the TUPE…

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How Long Does it Take to Sell a Business in the UK?

Corporate and commercial solicitors - hand shake

If you’ve decided to move on to other ventures, or are considering retirement, you are probably asking yourself the question, “how long does it take to sell a business in the UK?”  Whatever your reasons for selling might be, it’s useful to first consider the stages and potential challenges involved in a typical sale. From…

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