Selling a Business – Protecting Your Interests
Selling a business can be one of the most significant transactions of your life. Whether you are retiring, moving on to a new venture, or responding to market opportunities, the process is rarely straightforward. There are complex legal, financial, and tax issues to manage — and overlooking even a single detail could put your hard-earned investment at risk.
At Parke Lawyers, our corporate and commercial lawyers specialise in business law. We work closely with you to ensure that your sale is handled fairly, efficiently, and with your interests protected at every stage.
Why You Need Legal Advice
It can be tempting to finalise the sale quickly, but rushing the process is rarely in your best interests. Careful planning and legal guidance ensure:
- You only sell what you intend to sell (and retain what you wish to keep)
- Your assets, intellectual property, and goodwill are properly protected
- Contracts and leases are transferred correctly
- Tax and liability risks are minimised
- The sale terms reflect the true value of your business
What’s Included in the Transfer?
The first step is to identify exactly what is being offered for sale. This may include:
- Business name and associated branding rights
- Domain name registration, website, and digital assets
- Plant and equipment used in the business
- Real property owned by the business (if any)
- Contracts and agreements, including supplier and client agreements, and commercial leases
- Client and supplier databases and goodwill
Every business is different, and clarity at this stage helps prevent disputes later.
Determining the Purchase Price
One of the most important aspects of negotiation is the purchase price and how it is apportioned. For example:
- In a manufacturing business, a larger portion of the purchase price may be allocated to plant and equipment.
- In a service-based business, more of the value may lie in goodwill, client relationships, or intellectual property.
The way the price is apportioned has significant tax and legal consequences for both buyer and seller. With expert advice, you can structure the sale to maximise value and reduce risk.
The Role of Parke Lawyers
At Parke Lawyers, we understand that selling a business is not just a legal process but also a personal milestone. Our role is to:
- Guide you through each stage of the sale, from negotiations to settlement
- Draft and review contracts to ensure your interests are protected
- Liaise with accountants, tax advisers, and other professionals to address financial and tax implications
- Ensure all assets are properly transferred and obligations are clearly defined
- Protect you from hidden liabilities and future disputes
Why Choose Parke Lawyers?
- Accredited Specialist Commercial Lawyers with deep experience
- Clear, strategic advice tailored to your goals
- Practical solutions to protect your assets and reduce risk
- A proven track record of acting for business owners across multiple industries
Contact Parke Lawyers today to discuss the sale of your business. With our expertise, you can move forward with confidence, knowing your transaction is managed with care and precision.
Your Business Law Team
