Products tagged with 'canada purchase and sale of business'

Should you attempt to sell your business yourself or use a broker? This expert guide discusses the benefits of using a broker or intermediary to sell it for you.

Whether you decide to use a licensed business broker, a lawyer or an accountant experienced in buying and selling privately-owned businesses, there is a lot they can bring to the process. The guide covers a range of topics including:

• retaining an intermediary,
• how commissions are determined,
• completing a business review,
• provisions of the listing agreement,
• preparing and implementing a marketing plan,
• negotiating the deal,
• due diligence and the definitive agreement,
• closing the sale,
• licensed brokers vs. unlicensed intermediaries.

You know your business. But do you know how to sell it? Using a Broker to Help You Sell Your Business can help you decide if an intermediary is right for you.

If you're selling a business in Canada, this Bill of Sale form is essential to transfer ownership of the assets to the buyer.

The form is not only a bill of sale, it's also a conveyancing form that transfers, conveys and assigns title to the business assets (such as equipment, vehicles, inventory, trade marks, etc) to the purchaser.

Power of Attorney

With this form, you can also appoint the purchaser as your attorney to demand, receive, give receipts for and deal with the assets being transferred.

Format and Jurisdiction

This downloadable Bill of Sale form is available in MS Word format and is fully editable. It is intended to be used only in Canada.

Draw up the terms for purchase of the assets of a Canadian business with this comprehensive Asset Purchase Agreement.

The business is sold as a "going concern", including assets, inventory and goodwill.

Purchase Price of Inventory

The amount of the purchase price allocated to inventory will be adjusted prior to closing based on the actual physical inventory at that time.

Conditional Transaction

The transaction is conditional in part upon the parties completing all of their covenants that must be performed prior to closing.

Schedules Included

Schedules include Definitions, Representations and Warranties of Seller, and a Non-Competition Agreement.

Format and Governing Law

The Asset Purchase Agreement package is available in MS Word format and is fully editable to fit your specific needs. It is governed by Canadian law and is intended for use only in Canada.