This may sound simple but it involves a number of considerations. Do you intend to sell the business assets separately? Is the business a ‘going concern’? If the business is leased, will the lease be transferred to the new buyer? Will employees be transferred along with the business?

A key consideration is whether you intend to sell the goodwill of the business. This will often include a large percentage of the saleable assets of a business. The sale of goodwill will generally include things such as:

Our team of solicitors will be able to provide you with legal advice in relation to drafting, review and any necessary registration of the sale and purchase of a business in the ACT and/or NSW.