The last blog on this matter:
If there are licences to operate, or possibly a government consent involved the Agreement should provide provision for the licence to be current and transferred upon settlement so you as the Purchaser can continue to trade.
You should also ensure the Agreement provides provision for the Vendor to remain for a [...]
Buying a Business
November 12th, 2009 · No Comments · Property Conveyancing News, Uncategorized
Tags:Accountant·Blog·Business Franchise·Buying A Business·Buying Business·Due Diligence·Gst·Provision·Purchase A Business·Purchaser·Smooth Transition
Buying a Business
November 4th, 2009 · No Comments · Uncategorized
Before entering into any purchase of a Business you must complete your due diligence. Where to start:
1. What price should be paid? Goodwill, plant, fixtures and fittings and stock will generally make up the price. The price will be broken down into these caterogories in the Agreement with value given to each one.
2. Turnover - [...]
Tags:Accountant·Busines·Business Activity·Business Checks·Buying A Business·Contracts·Due Diligence·Furniture·Goodwill·Hire Purchase Agreement·Intellectual Property·Landlord·Premises·Relationship·Resource Management Act·Settlement Date·Start 1·Stock·Turnover·Warranty
Tax on Property
October 1st, 2009 · No Comments · Uncategorized
If you are a regular Property Trader or Investor in New Zealand you will more than likely be subject to paying tax on the profit from resale. The Inland Revenue Department will look at your intention. If you have bought and sold properties at regular intervals, they may look at statements made to your Bank [...]
Tags:Accountant·Conveyancing·Inland Revenue Department·Intention·Intervals·Investor·New Zealand·Real Estate Agent
