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
Leasehold Estate
September 27th, 2009 · No Comments · Uncategorized
A lease interest is created when the Lessor grants to another party the Lessee a right of possession of land for a period of time. In effect the Lessess will pay the Lessor a fee for occupation. The terms will be written into a form of a Lease document. The Lease will contain the conditions [...]
Tags:Array·Crown Land·Grants·Homework Research·Lease Document·Length Of Time·Lessee·New Zealand·Occupation·Period Of Time·Possession·Premises·Professional Advice·Residential Leases
