Selling or purchasing a business is one of the most significant commercial transactions many business owners will undertake. While the commercial terms of a deal may appear straightforward, the legal documentation and framework that supports the transaction can have lasting consequences for both buyers and sellers. A poorly drafted business sale agreement can create uncertainty, expose parties to unnecessary risk and lead to costly disputes after settlement. Failing to follow

Starting or growing a business with other owners can create significant opportunities. Bringing together different skills, resources and expertise often allows businesses to grow faster and operate more effectively than they could with a single owner. However, many business owners spend considerable time planning how to establish a company while giving little thought to what may happen if circumstances change in the future. Disagreements between business owners, changes in fi

Choosing the right business structure is one of the most important decisions a business owner can make. While many people focus on branding, sales and growth strategies, the legal structure sitting behind the business can have a significant impact on asset protection, liability management, taxation and long-term business success. Unfortunately, many businesses begin operating under a structure that was selected for convenience rather than strategic planning. As the business g

Buying an existing business can be an excellent way to accelerate your entry into self-sufficiency, wealth and success. Unlike starting from scratch, purchasing an established business may provide immediate access to customers, revenue, suppliers, staff and proven operating systems. However, buying a business is also a significant financial and legal commitment. What may appear to be a successful and profitable business on the surface can sometimes involve hidden liabilities,

When buying or selling a business, attention is often focused on the purchase price, financial performance, equipment, stock and goodwill. However, one of the most important components of many business transactions is often overlooked until late in the process: the commercial lease. For many businesses, the premises from which they operate are fundamental to their success. A café may rely on a high-traffic location, a retail store may depend on its shopping centre presence an