Following on from my previous blog:
* You should ensure you have access to the business before settlement to be introduced to the clients.
* The Sales and Purchase Agreement should state that risk of the assets passes from the Seller to you on settlement and possession date.
* What type of insurance will you require - Public [...]
Buying a Business
November 8th, 2009 · No Comments · Uncategorized
Tags:Assets·Business Insurance·Buying A Business·Confirmation·Due Diligence·Franchise·Information Memorandum·Land Information·Landlord·Licence Agreements·Licencing Fees·Motor Vehicle·Possession·Premises·Public Liability·Purchase Agreement·Purchasing A Business·Radius·Restraint Of Trade·Settlement Rates
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
