Navigating Clients Through The Purchase And Sale Of A Business
There are many factors to consider when deciding what type of business to buy or whether you should sell.
Filice Law can provide strategic legal advice to help facilitate the purchase or sale of a business. Pat Filice, our principal lawyer has years of experience assisting business-owners through their purchase and sale transactions. Based in Ancaster, Ontario, he can give you targeted advice to pursue maximum investment potential and minimum losses.
Strategic Legal Advice For Buying A Business
Many questions arise when deciding on the type of business you want to purchase. One consideration is what form the business should take. You can purchase a corporation, a sole proprietorship or a partnership. Each business structure has advantages and disadvantages, especially when it comes to tax consequences.
At Filice Law, we give strategic advice to our clients about their purchase acquisition. We will talk to you about your goals and objectives and explain the risks and benefits of each business structure. We will also provide you with a checklist to help facilitate decision-making, and prepare all of the closing documentation. Our priority is to ensure your legal and business interests are met.
Guiding Clients Through The Sale Of A Business
Depending on what your goals and objectives are for selling your business, you need to be aware of the tax implications. Sellers have to decide whether they want to dispose of assets or shares. Often small businesses prefer to sell shares. When vendors sell shares, they often qualify for the capital gains exemption, which gives them a tax break. However, whether a sale share is appropriate for the seller depends on his or her business needs.
We will inform you of your options and give you workable advice. Our lawyer will provide guidance through every step of the sale transaction. We also work with accountants and other professionals to ensure that the sale of your business is handled accurately.