Purchase & Sale of Business
If you are a purchaser
Confirm your purchasing entity (i.e. are you purchasing as an individual or a registered company?).
Advise you of the terms and conditions in the sale of business agreement.
Make recommendations for amendments to ensure that your rights are protected
Confirm terms of the sale such as existing inventory stock, when to finalise the sale and other conditions which may assist you in the purchase.
Check GST calculations, either with yourself or your accountant
If there is a lease, review Lease Agreement and deal with the landlord for assignment of lease.
Finalise the lease and complete the sale and transfer of any license or business name to you.