[et_pb_section fb_built=”1″ _builder_version=”4.16″ use_background_color_gradient=”on” background_color_gradient_stops=”rgba(0,0,0,0.34) 0%|rgba(0,0,0,0.5) 100%” background_color_gradient_overlays_image=”on” background_color_gradient_start=”rgba(0,0,0,0.34)” background_color_gradient_end=”rgba(0,0,0,0.5)” background_image=”https://www.glglegal.com.au/wp-content/uploads/2021/01/GLG-HEADING-BACKGROUND.png” background_position=”top_center” custom_padding=”0px||0px||true|false” global_colors_info=”{}”][et_pb_row use_custom_gutter=”on” gutter_width=”2″ make_equal=”on” custom_padding_last_edited=”on|phone” _builder_version=”4.16″ width=”90%” max_width=”80%” custom_padding=”28vh||28vh||true|false” custom_padding_tablet=”13vh||13vh||true|false” custom_padding_phone=”12vh||12vh||true|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _dynamic_attributes=”content” header_2_font=”proxima-nova-bold-ex|600||on|||||” header_2_text_align=”center” header_2_text_color=”#ffffff” header_2_font_size=”70px” header_2_letter_spacing=”2px” header_2_line_height=”1.3em” header_2_font_size_tablet=”” header_2_font_size_phone=”30px” header_2_font_size_last_edited=”on|desktop” global_colors_info=”{}”]@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IjxoMj4iLCJhZnRlciI6IjwvaDI+In19@[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”1″ make_equal=”on” _builder_version=”4.16″ width=”100%” max_width=”100%” custom_padding=”0px||0px||true|false” animation_direction=”top” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ background_image=”https://www.glglegal.com.au/wp-content/uploads/2020/12/architect-8232s5.png” background_position=”top_right” custom_padding=”60px|50px|50px|50px|false|true” animation_style=”slide” animation_direction=”left” animation_duration=”1500ms” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ header_2_font=”proxima-nova-bold-ex|600|||||||” header_2_text_align=”left” header_2_text_color=”#ffffff” header_2_font_size=”38px” header_2_letter_spacing=”-1px” header_2_line_height=”1.3em” header_2_font_size_tablet=”” header_2_font_size_phone=”30px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]
SPEAK TO THE EXPERTS
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Non-complicated results-driven corporate and commercial solutions.
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TRUST A GLG LEGAL BUSINESS SALE LAWYER
Appointing a commercial solicitor early in the negotiation and prior to entering into a business contract is advantageous. At GLG Legal, we can help our clients understand the transferral of assets, such as property, equipment and naming rights, and identify all liabilities, such as leases and creditors, employee arrangements and more. We also ensure that any intellectual property (such as business names or logos) is dealt with accordingly during the sale process. Apart from the initial decision to sell, putting together a business sale contract is the most important part of the entire process.
There are important steps to undertake prior to the sale, these include (but are not limited to) reviewing your existing business contracts and agreements. Did you know that creating a pack of documents for potential buyers can also simplify the process and increase the chances of a sale? A GLG Legal business sale lawyer can assist with business sale contracts, Confidentiality Agreements, and Offer and Acceptance forms – all to provide buyers with greater confidence in your business.
CONSIDERATIONS TO HAVE PRIOR TO SELLING YOUR BUSINESS
Selling a business requires you to assess and evaluate multiple elements. Business owners who plan on ‘how’ and ‘when’ they want to sell their business often gain the most benefits when selling. These business owners will often implement strategic plans that ensure their business is in the best condition to earn more profits.
Such strategic plans that enable the business to become more attractive to buyers may include but are not limited to:
- Creating and marketing a unique product
- Having a strong online presence
- Having a reputation for high-quality goods and services
- Developing plans for business growth
- Having contracts in place with distributors and clients
- Signing short- or long-term leases – depending on your industry and what is considered preferable.
By implementing strategies and acting upon the advice of legal and accountancy experts, you will be able to mould your business into one that is more attractive for buyers in the market. As one of Brisbane’s top commercial law firms, we are more than capable of assisting you with these services.
WHAT CAN YOU DO IF YOU DO NOT WANT TO SELL YOUR BUSINESS?
Selling your business may not always be in your best interests due to a downturn in the market or if your business is not performing as well as it had previously. Some business owners with a strong attachment to their business also might prefer to remain involved in the existing business to some extent.
Our experienced business sale lawyers are able to advise you on the alternative options that are available (if you do not wish to sell), including:
- Restructuring
- Refinancing
- Selling business assets
- Mergers
- Becoming a public company
- Developing exit strategies
WHAT HAPPENS WHEN A PURCHASER WISHES TO CONDUCT DUE DILIGENCE INVESTIGATIONS ON YOUR BUSINESS?
During business purchases, the purchaser will most likely conduct due diligence investigations on your business under the advice of their lawyers. Prior to the commencement of the investigations, the period of time and what investigations the purchaser will be conducting will be outlined in a Letter of Intent.
The due diligence process enables the purchaser of your business to assess whether your business is worthwhile to the purchaser. They will often request access to business records and documents regarding the finance, assets, and operations of your business.
As the purchaser will be seeing confidential information about your business, it is important to seek advice from a lawyer who will be able to assist in the drafting of a non-disclosure agreement. This will prevent the purchaser from disclosing information they come across in their investigations to your competitors.
WHAT LEGAL DOCUMENTS ARE REQUIRED IN SELLING A BUSINESS?
Depending on the size of your business, how it is structured, and how you wish to sell the business – these all impact what legal documents you will require when selling your business. Our lawyers at GLG Legal are experts in business sales. We can assist you with preparation of the following legal documents (that you may require include but are not limited to):
- Franchise agreements;
- Employment contracts;
- Leasing arrangements (including leases and sub-leases of both equipment and business premises;
- Contracts with clients and distributors;
- The sale contract agreement
As many businesses rely upon oral agreements, it is important to ensure that such business sale agreements are drawn up into legal documentation prior to selling your business, as this will provide certainty to the purchaser that such arrangements exist.
CONCLUSION
There are several considerations involved in selling a business, it is therefore important that you seek advice to ensure that your business and your personal interests are protected when doing so. At GLG Legal, we understand that selling a business can be a confusing process, so we aim to simplify that process for our clients by providing straightforward and unique advice suited to your individual circumstances.
If you are thinking about selling a business or are in the process of selling your business and need advice, contact an experienced business lawyer at GLG Legal on (07) 3161 9555 and we will be happy to assist you.
[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” background_image=”https://www.glglegal.com.au/wp-content/uploads/2021/01/GLG-HEADING-BACKGROUND-1.png” parallax=”on” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_button button_url=”https://www.glglegal.com.au/contact/” button_text=”GET IN CONTACT WITH OUR OFFICE” button_alignment=”center” _builder_version=”4.16″ custom_button=”on” button_text_color=”#ffffff” button_bg_color=”#726f6e” button_border_width=”4px” button_border_color=”#726f6e” button_border_radius=”0px” button_font=”proxima-nova-bold-ex||||||||” global_colors_info=”{}” button_text_color__hover_enabled=”on|hover” button_border_color__hover_enabled=”on|hover” button_border_color__hover=”#726f6e” button_text_color__hover=”#ffffff”][/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ background_color=”#d5d2cf” global_colors_info=”{}”][et_pb_row use_custom_gutter=”on” make_equal=”on” _builder_version=”4.21.0″ width=”90%” width_tablet=”90%” width_phone=”90%” width_last_edited=”on|tablet” max_width=”1140px” max_width_tablet=”90%” max_width_phone=”90%” max_width_last_edited=”on|desktop” custom_padding=”65px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ animation_style=”fade” animation_delay=”1000ms” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ text_font=”||||||||” text_text_color=”#000000″ text_font_size=”16px” text_line_height=”1.8em” link_font=”||||on||||” link_text_color=”#000000″ header_font=”proxima-nova-bold-ex||||||||” header_font_size=”40px” header_2_font=”proxima-nova-bold-ex||||||||” header_2_text_color=”#726f6e” header_2_font_size=”35px” header_3_font=”proxima-nova||||||||” header_3_text_color=”#726f6e” custom_margin=”1px|40px|||false|false” global_colors_info=”{}”]
WHY CHOOSE GLG LEGAL?
With years of experience assisting clients with selling businesses, our commercial lawyers have successfully navigated this type of business transaction across a range of industries. We understand the complexities and nuances of Queensland’s business landscape.
At GLG Legal, we know that no two businesses are the same, which is why we implement personalised, tailored solutions that align with your unique objectives, whether you’re selling a small business or a large enterprise, purchasing a new business or an older one. Our goal is to simplify the legal factors, guiding you through negotiations, due diligence, contract drafting, and settlement with unwavering dedication. We prioritise your interests, working tirelessly to protect your rights and intellectual property and ensure a smooth and successful business sale.
For a business sale lawyer you can trust to get the best result at competitive legal costs, get in touch with us.
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row use_custom_gutter=”on” _builder_version=”4.21.0″ _module_preset=”default” width=”90%” max_width=”1140px” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ header_font=”||||||||” header_2_font=”proxima-nova-bold-ex|600|||||||” header_2_text_align=”left” header_2_text_color=”#726f6e” header_2_font_size=”35px” header_2_letter_spacing=”-1px” header_2_line_height=”1.3em” header_2_font_size_tablet=”” header_2_font_size_phone=”30px” header_2_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]
WHAT OUR CLIENTS SAY
[/et_pb_text][dsm_card_carousel arrow_position_mobile=”outside” arrow_size=”50px” arrow_color=”#ffffff” dots_active_color=”#ffffff” dots_inactive_color=”#c4c4c4″ _builder_version=”4.16″ header_level=”h2″ header_font=”proxima-nova-bold-ex||||||||” header_text_color=”#000000″ body_font=”calibri||||||||” body_text_color=”#000000″ body_font_size=”16px” subhead_font=”|700|||||||” subhead_text_color=”#726f6e” subhead_font_size=”16px” background_layout=”dark” locked=”off” global_colors_info=”{}”][dsm_card_carousel_child title=”Marcus Chadwick” subtitle=”Marketing Consultant” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
Chris has provided me with comprehensive guidance and support for complex commercial legal matters. He is very thorough in his approach and asked all the right questions to promptly advise on the best course of action. I always felt involved in the decision making process, with Chris taking the time to bring me up to speed on any matter I was not familiar with. I highly recommend the legal services of Chris and his team of Galleon LAw Group, they deliver practical solutions and superior service.
[/dsm_card_carousel_child][dsm_card_carousel_child title=”David Dickson” subtitle=”Global Market Leader – Honeywell” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
I’ve engaged Chris to advise me on a number of complex commercial legal issues over the past 7 months; for legal arbitration and direction over processings and to attain resolution of an outcome. In that time Chris has extended himself both personally and professionally in providing services and direction, beyond what I would consider typical of his profession. Chris has not only demonstrated reasonableness when assessing the viability of pursuing legal proceedings, but also a full commitment to attaining outcomes, a consistent analogue of integrity, a pragmatic approach with respect to the trade-offs of cost versus complexity, a balanced yet firm management of (the at times) robust negotiations required to drive toward resolution, and an arcane knowledge of the legal domain contextual to my case requirements. I would have no hesitation in using Chris’ services again, and in also recommending Chris for any prospective client.
[/dsm_card_carousel_child][dsm_card_carousel_child title=”David MacDonal GAICD” subtitle=”Director, Performance Improvement Partners” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
Christopher and I conducted a seminar at his office with some of his Indigenous clients which focused on the challenges that Indigenous Not for Profits face and practical guidance around how these can be overcome. Christopher is a professional speaker who has a passionate and engaging presentation style which is complimented with his in depth knowledge in this area of law. I highly recommend Christopher and look forward to working with him in the future.
[/dsm_card_carousel_child][dsm_card_carousel_child title=”Richard Finnila” subtitle=”Senior Communications Advisor at Energy Queensland” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
Fast, efficient, discreet and highly professional. Chris helped me navigate the trials and tribulations of a complex property law issue in the midst of rapid change to the fencing dispute act. His advice was instrumental in us achieving a successful outcome. I would recommend him to anyone who needs advice regarding property law matters.
[/dsm_card_carousel_child][dsm_card_carousel_child title=”Minna Yao” subtitle=”Lead Consultant at ThoughtWorks” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
Chris has built a strong reputation as someone with vision and diligence – someone who gets things done! I have no hesitation in recommending Chris and know that he will always give his best to any endeavour.
[/dsm_card_carousel_child][dsm_card_carousel_child title=”Darren Dwyer” subtitle=”Technical Services superintendent at Downer EDI Mining” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
A would recommend Christpher for any of my commercial transactions as he is not only upfront with costs he also solution driven which enable him to provide a unique and customised service.
[/dsm_card_carousel_child][dsm_card_carousel_child title=”Benjamin Davis” subtitle=”Director of 1STRUCT Building and Renovation” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
Christopher Saines has an understanding of the importance of response time and flexibility to meet the challenges of the 21st century which enables him to effectively navigate us through our legal matters. Christopher;s ability and thorough understanding of commercial law and our needs helped us achieve the best solutions without any cost surprises.
[/dsm_card_carousel_child][dsm_card_carousel_child title=”Ben Ihle” subtitle=”Director Nattercan Studios, Co-Founder of Attract.ai” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
Christopher assisted with a rather unorthodox and challenging property settlement. He took the time to ensure we understood the process and how it would unfold, and kept us up to date as it progressed. He was flexible in his approach and generous with his time and advice.
Chris always manages to come up with innovative ideas for how to navigate his way through the tricky and sensitive issues that are often encountered.
[/dsm_card_carousel_child][dsm_card_carousel_child title=”Micheal Anderton” subtitle=”Finance Analyst at Virgin Australia” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
A fellow professional associate recommended Christopher and his services. During a particularly stressful and sensitive situation within our business, Christopher was able to professionally deep dive to understand the extent and severity in our legal implications. From this point on Christopher was then able to formulate a recovery plan, communicating the implications and potential outcomes throughout the process. With Christopher’s expertise and integrity, a successful resolution was met. We would definitely use Christophers’ services in the future and would endorse his legal skills and knowledge to others.
[/dsm_card_carousel_child][dsm_card_carousel_child title=”John Dujmovic” subtitle=”Senior Community Engagement Advisor” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
Christopher has prepared Sub Lease Agreements, and Lease Assignments for us, and assisted with other matters. He has always made himself available for us, sometimes at very short notice, and he has always offered service, and ultimately a solution that has been both rock solid, and proportionate.
[/dsm_card_carousel_child][dsm_card_carousel_child title=”Nick Sharpe” subtitle=”Electrical & Instrumentation Technician at DECMIL” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
A found the service delivered by Christopher Saines to be speedy and very efficient. I would recommend Galleon Law Groups services without hesitation.
[/dsm_card_carousel_child][dsm_card_carousel_child title=”Fred Banks” subtitle=”Lawyer – Director at Banks Lawyers Pty Ltd” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
Christopher is a very results orientated, client focused, and responsive lawyer, whom I have known professionally for a number of years, and I have no hesitation in recommending him for commercial legal work
[/dsm_card_carousel_child][dsm_card_carousel_child title=”David Abrey” subtitle=”Principal of Harper Finch Lawyers” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
I have known Christopher for many years and have always been impressed with his focus and dedication to his clients. He is clearly passionate about the work that he does and this shows in the very high quality services he provides. I would have no hesitation recommending Christopher to my friends and family as I know they would be well looked after.
[/dsm_card_carousel_child][dsm_card_carousel_child title=”Austin Hoo” subtitle=”Graduate Legal – Thiess” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
Christopher goes out of his way to help others succeed, he is incredibly competent and provides excellent advice and guidance. He is very encouraging and relatable and is very responsive to answering questions and dispensing practical suggestions. Christopher places a high emphasis on networking and he is more than willing to introduce me to anyone in his network to further my learning and exposure to the legal workforce.
[/dsm_card_carousel_child][dsm_card_carousel_child title=”Rhys Palmer” subtitle=”Business Manager” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
I’ve used Chris for a number of private and professional legal matters. At all times I found that he handled the legal work professionally, diligently and timely. I’m very happy with the work Chris handled for me and would have no hesitation in recommending him.
[/dsm_card_carousel_child][dsm_card_carousel_child title=”Kellyann Rayner” subtitle=”Complex Claims Administrator AIG” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
Christopher is and continues to be an exceptional lawyer with a down to earth approach, taking in hand our matter with his unique professionalism, simplifying the legal jargon to accommodate our knowledge base and understanding of the legal system and our matter, Christopher continually updates us on the progress of our case and has been a great contribution to alleviating our stress. I would highly recommend Christopher to take care of your legal matter with no hesitation.
[/dsm_card_carousel_child][dsm_card_carousel_child title=”Nikolas Rusan” subtitle=”Operations Accountant” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
Christopher has recently assisted me with settling a contract for a premises on behalf of a deceased estate. The unfortunate circumstances meant that there were strict time restraints in which Christopher met the mark and was available whenever i needed to contact him, not something that everyone would do. He provided a quality service within in-depth knowledge on the topic and also provided assistance on other related matters. Christopher was highly professional, understanding and incredibly generous in dealing with the situation. I would recommend Christopher to others and have found his service to be invaluable.
[/dsm_card_carousel_child][dsm_card_carousel_child title=”Paul Liddy” subtitle=”Property Consultant at Belle Property Bulimba | Auctioneer” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
Chris has acted for myself personally and multiple clients on many occasions and from our first interaction; commercially minded the way he acts for his clients. I can highly recommend him.
[/dsm_card_carousel_child][dsm_card_carousel_child title=”Tawney Follet” subtitle=”Director of Technology at Rivercity Solutions” button_url_new_window=”1″ _builder_version=”4.16″ global_colors_info=”{}”]
Christopher is not just technically competent he embodies that which differentiates him from others in his profession, he does this by being proactive, delivering on-time, having excellent people skills, and having the commercial acumen to effectively work with a broader team of professionals. Christopher helped us limit exposure to commercial risks as cost effectively as possible by providing sound, practical advice we can trust. I have no hesitation in recommending Christopher to others.
[/dsm_card_carousel_child][/dsm_card_carousel][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ header_2_font=”proxima-nova-bold-ex|600|||||||” header_2_text_align=”left” header_2_text_color=”#726f6e” header_2_font_size=”40px” header_2_letter_spacing=”-1px” header_2_line_height=”1.3em” header_2_font_size_tablet=”” header_2_font_size_phone=”30px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]
VISIT THE BLOG.
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CALL NOW TO TALK TO ONE OF OUR EXPERT LAWYERS
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Our Services
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Brisbane, Head Office
Level 8, 193 North Quay, Brisbane QLD 4000
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Redland Bay
133 Broadwater Terrace, Redland Bay QLD 4165
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Springfield
Brookwater Office Park,
Level 1, Building 9,
22 Magnolia Drive, Brookwater QLD 4300
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