Legal Services – Sale of a Business
The sale or transfer of a business generally involves the transfer of the various items of property used in the conduct of the business such as goodwill, plant & equipment and stock in trade. There are a range of asset types which may form part of the sale of a business.
Another thing to consider when selling a business is that there are various Federal and State requirements that exist with regards to the Sale of a Business. For example, the NSW Government has recently introduced changes to duty payable on the transfer of business assets, which is only paid by the purchaser. However, the liability to pay duty will only extend to those assets identified as dutiable property. It is important to also be aware that Capital Gains Tax and GST may be payable upon sale.
The team at Quinns can help you navigate the myriad of legislation, contracts and other matters that pertain to each individual sale. The Quinn Group are able to explain the relevant issues in clear and simple terms, avoiding legal jargon and giving your control through our professional advice.
The Quinn Group can assist with all aspects relating to the sale of a business, including, but not limited to, the following:
- Contract preparation, advice and review
- Business Valuations
- Advice regarding employees and Workers Compensation
- Advice regarding Trade Practices Act and Intellectual Property
- Negotiating with suppliers regarding transfer or termination of contracts
- Calculating and legally minimising Capital Gains Tax on sale
- Calculating and legally minimising GST payable on sale
Quinns can help you with the sale or purchase of a business. If you would like to make an appointment or you would like to find out more information, please submit an online enquiry form or call us on 1300 QUINNS (1300 784 667) or on +61 2 9223 9166.
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The Quinn Group – Providing the Total Solution
As both a legal and accounting firm The Quinn Group are able to offer business legal and accounting services in one location. Visit our Business Accounting Services page to see our range of accounting services available to your business.
Visit our Personal Legal Services page for more information on the wide range of legal services that The Quinn Group can provide to you as an individual.
View all our office locations to find The Quinn Group office nearest you, or call us on
1300 QUINNS (1300 784 667) or on +61 2 9223 9166 to arrange an appointment.
Whilst we have 5 offices located in Sydney, we are also able to meet you at location convenient for you. Additionally, we have web and teleconferencing available for regional, interstate or international clients.