When you buy or sell a business, the contract of sale decides exactly what changes hands. We run due diligence, prepare or review the contract, and manage settlement, including the transfer of the lease, licences, staff and stock. We act for buyers and sellers from our offices in Newcastle, and for clients across NSW and interstate.
How we help
A business sale is rarely just about the price. We make sure the deal protects you well after settlement. We:
- Run or guide due diligence so there are no surprises.
- Prepare or review the contract of sale and the warranties that protect you.
- Advise on an asset sale versus a share sale.
- Manage settlement and the transfer of the lease, licences, staff and stock.
Why buyers and sellers choose Mullane Lindsay
Our business transactions work is led by Lachlan Page. Since 1976, we have acted for buyers and sellers, from owner-operated businesses to larger entities. We keep a commercial perspective throughout, because the best legal outcome is not always the best commercial one.
What is due diligence?
Due diligence is the checking you do before you buy: the financials, the lease, key contracts, employees, licences and any liabilities. It lets you confirm the business is what it appears to be, and gives you grounds to renegotiate the price or walk away if it is not. We tell you what to ask for and what the answers mean.
Asset sale or share sale?
A business can be sold by selling its assets, or by selling the shares in the company that owns it. The choice affects your risk and your tax. In an asset sale you generally take the assets you want; in a share sale you take the company as it is, liabilities and all. We advise on the legal differences and work with your accountant on the tax considerations.
