Company & Commercial

Business Sales and Purchases

print

Business Sales and Purchases

Our commercial team specialise in business sales and purchases for a variety of business sectors.

 

There are many reasons why businesses are bought and sold:

·         to increase market share;

·         to acquire new technology or designs;

·         diversification;

·         to enter new markets rapidly;

·         to gain control of valuable assets or resources.

 

Whatever the reason, we can assist.

 

Before you even instruct us, you should speak to your accountant. This is a vital step, because they will explain to you the mode of purchase or sale that would be most advantageous to you from a tax perspective. There are two main ways of buying or selling a business:

 

Asset transfer - where an individual or company buys the trading assets of a business. If the seller is a company, the assets would be sold off and the company would remain at the end to be wound up.

 

Share purchase - where the shares in the company which owns the trading assets are sold. In this mode of sale, the assets stay right where they are, and it is the ownership of the company with the assets that changes.

 

Care is necessary before a business is formally marketed:

  • if a seller is contemplating a sale of only part of the business then it may be necessary to take steps to separate the business out – premises, employees, services (for example accounting and administrative functions) may need to be “hived” into separate companies. There may need to be decisions made as to what records are to be disclosed to prospective purchasers.
  • advice may be necessary as to how a sale might be achieved – whether it be by a sale of assets or shares in the company.
  • a seller should consider protecting themselves in respect of the information that is made available to a prospective purchaser. Considerable commercial damage might accrue due to too much information being given to prospective purchasers (who may well be competitors) in an uncontrolled fashion. It would be wise for a seller to agree properly drawn up a confidentiality agreement to offer further protection.
  • legal liability may be incurred for representations made by a seller which later turn out to be incorrect.

 

We can help you with a business sale or purchase from start to finish.

Employment Law- Fixed Fees

INITIAL FREE HALF HOUR APPOINTMENT

This includes:- Attending you for a preliminary appointment to see whether you have a case or can defend a case. Please note that this is for 30 minutes only and does not include advice in writing.


We are able to offer fixed fees to both claimants and respondents in relation to Employment Tribunal claims. Please contact us for specialist advice and further details.

Preliminary Advice

This includes:

Taking instructions (up to 1.5 hours)

Detailed advice letter

 

Fee £250

VAT @20%

TOTAL £300

Employment Tribunal Proceedings

Advising employee on an Acas Early Conciliation Notification (now an essential first step before lodging an employment claim)

 

Fee £200

VAT @20%

TOTAL £240

  

Preparation of a Claim Form ET1 on behalf of an employee

 

Fee £400

VAT @20%

TOTAL £480

  

Preparation of a Claimant's Schedule of Loss

 

Fee £200

VAT @20%

TOTAL £240

 

 Preparation of a Claimant's List of Documents

 

Fee £400

VAT @20%

TOTAL £480

 

Advising an employee in relation to a flexible working request

 

Fee £400

VAT @20%

TOTAL £480

 

 Preparation of contracts of employment and statutory terms and conditions

 

Fee £250 - £400

VAT @20%

TOTAL £300 - £480

  

Preparation of standard disciplinary and grievance procedures

 

Fee £400

VAT @20%

TOTAL £480

 

Drafting and preparation of Respondent’s Response ET3

 

Fee £400

VAT @20%

TOTAL £480

Preparation of Witness Statements

Fee £200 - £400

VAT @20%

TOTAL £240 - £480

No items found.
Contact Us
Question
Call Back
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form

Eastbourne Office

11 Hyde Gardens
Eastbourne
East Sussex 
BN21 4PP
Tel: 01323 720142
DX: 6902 Eastbourne

Lewes Office

Suite 4, Sackville House
Brooks Close
Lewes
BN7 2FZ
Tel: 01273 480234
DX: 3103 Lewes 1

Peacehaven Office

10a Horsham Avenue
Peacehaven
East Sussex
BN10 8LL

 Tel: 01273 582680