Buying or Selling a Business
Buying or selling a business can be a complicated process. Let us give you a hand with these affordable template contracts, forms and checklists.
When you buy or sell a business, it's not just the employees, plant and inventory that gets transferred. It is also the customers, the goodwill, the brand, the corporate culture, and all the intangibles that form the relationship between the business and its community. Much of that culture has been developed and handed down by the originators of the business.
If you are the buyer, ask yourself if you will be able to maintain the relationships that the previous owner has formed, and continue to build the brand going forward. If you're the seller, how important is it to you that the culture, vision and goals of the business be preserved by the new owner?
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Using a Broker to Help You Sell Your 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? Read Using a Broker to Help You Sell Your Business and decide if an intermediary is right for you.
$12.49
Victoria Contract for Sale of Business
Prepare a contract for the sale of a business with this easy downloadable template for the State of Victoria.
- The Contract is subject to a 3-day cooling off period during which the Contract may be canceled if the purchaser does not receive independent legal advice or if a similar contract has been entered into between the parties.
- The Contract is also conditional upon the purchaser obtaining sufficient financing to complete the purchase.
- The vendor will transfer the existing lease or negotiate a new lease for the premises, and obtain approvals as required from the landlord and any mortgagee.
- If the parties are unable to agree on the value of the stock, they will submit the determination to an independent stocktaker.
- If the purchaser defaults in payment, the vendor may immediately sue for the unpaid amount.
- If a dispute arises, neither party is at liberty to commence legal proceedings until the parties have attempted to resolve the dispute through mediation.
- Available in MS Word format.
- Intended to be used only in the State of Victoria, Australia.
$34.99
Victoria Statement by a Vendor of a Small Business
A seller of a business in the State of Victoria must provide the purchaser with this Statement by a Vendor of a Small Business, under Section 52 of the Estate Agents Act 1980.
- A small business is defined as one in which all of the goodwill, plant, equipment and fittings being sold have a total price of $350,000 or less.
- This is Form 2, Regulation 7, Estate Agents (General, Accounts and Audit) Regulations 2008.
- This is a free downloadable form in MS Word format, provided by the Government of Victoria.
$0.00
