Why legal support for buying a business is so important?
When salling and buying business, the legal aspect of the whole process is extremely important. The essence of this deal is the transfer by the seller to the buyer of the company with all the property and assets, or part of it in the ownership. Unprofessional approach to the implementation of such a transaction can have serious negative consequences. This may happen, for example, when a seller conceals large debts or the fact of non-payment of mandatory contributions to tax or pension authorities.
Lack of verification of all necessary factors can lead to the fact that the buyer acquires an unprofitable company.Also, incorrect preparation of documents may be followed by actions that the property rights of the new owner be challenged or invalidated.
Competent support for the sale or purchase of business must be carried out by relevant experts such as lawyers, auditors, appraisers, accountants and other high quality professionals. When selling property complexes, it is required to conduct a full inventory, register the enterprise in this capacity, and secure the transfer ownership. The main purpose of ordering the legal support services for sale and purchase of companies (business) is to make a profitable deal. For the buyer, it is important to get an operating firm without hidden defects, encumbrances and problems associated with incorrect or illegal actions of previous owners.
For this to be done, the Vita Liberta company experts are ready to do the following:
- carry out a thorough preliminary inspection of an enterprise: it is necessary to conduct a legal audit (Due Diligence), evaluate its value as a property complex, study possible encumbrances and obligations, pledges, etc., work through all the constituent documentation;
- develop schemes for doing transactions, negotiations and signing contracts, represent the interests of clients;
- analyze the possible risks associated with both the purchase of the company and its future activities;
- support the deal at the final stage: optimal expropriation options are developed, bank cells are prepared (if necessary), transactions are notarized and assets are transferred into the hands of the new owner.