Business Sale and Purchase
Perth Business Settlement
West Perth Legal has helped many business owners successfully buy or sell a business in WA, ranging from medical practices, marketing companies, restaurants, trades businesses to professional services firms. We work closely with our clients on all legal aspects of a business sale or purchase, from contract negotiation to business settlement. Whether you are selling or buying a business yourself or using a business broker, we can tailor our services to suit your needs at a competitive fixed rate.
We have assisted over 300 businesses across Western Australia
Once the parties are ready to settle and the conditions precedent in the contract have been satisfied, the settlement process can happen within 2 weeks.
You should note that there are several factors that can impact on the length of a business settlement. These include franchisor approval for the transfer of the franchise, landlord approval for assignment of the lease, liquor license transfer approval and finance approval by the buyer’s bank. These can increase the settlement timeframe to up to a few months after a contract is signed.
Our lawyers are experienced with business settlements and will aim to complete your transaction as quickly as possible, subject to the conditions of the contract being met.
If you are purchasing a business, it is prudent to conduct due diligence before you enter into a purchase contract.
Business due diligence is the process of investigating information provided by the seller of a business and other publicly available information. For example, checking the businesses' contracts, financial records, employment records, searching for unresolved legal disputes, checking for IP protection and customer lists.
West Perth Legal has experienced lawyers who have performed due diligence for complex business purchases.
Simply let us know and we will take care of the process. If you are selling through a business broker, you can notify your broker that you have appointed West Perth Legal as your business settlement lawyer.
Our experienced Commercial Lawyer will not only conduct your business settlement but can also provide you with legal advice (a Business Settlement Agent is not licensed to provide legal advice).
Having us on your team means that we can assist you with all legal aspects of the sale or purchase of a business, such as advice on the business sale agreement, commercial leasing issues, franchising laws, liquor license and property settlement. It could save you cost and time in the long run.
Below are links to a few useful resources on selling your business:
The SBDC on 'Selling a business'
Business.gov.au on 'Sell your business'
Perth Business Settlement
We have helped hundreds of clients with their businesses' legal needs.
Tailored packaged service is available depending on your situation.
Contact us for an obligation-free quote or speak to our Commercial Lawyer for a confidential and complimentary discussion.