Skip to content
Business Sale and Purchase

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.

%

Transparent Pricing

+ Years Combined

Experienced Lawyers

+ WA Businesses

We have assisted over 300 businesses across Western Australia

Business Sale Services

Non-disclosure/Confidentiality Agreement

Heads of Agreement

Agreement for the Sale of Business

Agreement for Sale of Shares

Agreement for Sale of Assets

Business sale contract negotiation

Legal due diligence

Advice on restraint of trade

Vendor Finance Agreement

Franchise Agreement legal advice

Commercial lease advice

Commercial license advice

Business Settlement

Review of the Agreement for Sale of Business and advising you of the key terms and requirements

Confirm the business details with government authorities

Work with relevant government authorities for rates, taxes and water consumption or licensing purposes

Prepare relevant documents for you to sign to complete the transfer

Lodge the contract for assessment for transfer duty purposes

Liaise with your bank to help with preparation of mortgage or discharge of mortgage documents

Adjustment of rates, taxes, stock etc at settlement

Attending settlement and paying or receiving funds on behalf of the client

Ensuring the business name is registered under the correct name

After settlement, making payment on your behalf for outstanding taxes and rates

Other Services

Property, Leasing and Conveyancing

Franchise

Liquor Licensing

Contracts

Employment Agreement

Business structuring advice and set up

Director's duties and liabilities

Corporate governance

Our Simple Guides

We have put together simple guides to give you an overview of the process of buying or selling a business.

WHAT OUR CLIENTS SAY

testimonial

Thanks to David and the team at West Perth Legal, we achieved settlement of our business purchase. He gave great advice and we will be engaging services again. Living remote in WA it can be hard to work solely through emails and phone calls but West Perth Legal made it all very easy. I highly recommend the company.

- Nikki Litherland

Business Owner
testimonial

I was in process of selling my franchise cafe. I called David from West Perth Legal and found him very helpful and professional. He did explain me all the steps in detail and communicate everything very well. Highly recommended and will definitely keep in my mind for future

- H Saeed

Aroma Cafe
testimonial

Thank you so much for your assistance & help.

Loved your communication skills compared to some other legal firms we have used previously for a number of issues.

- C Radford

Fitness Plus 24/7
testimonial

From the bottom of our hearts, we would like to thank you for the service you did for us (Box of Goodness). You guys are very kind professional and we are so happy we went with you guys. Thanks again!

- Dexter

Box of Goodness
testimonial

West Perth Legal helped me with the purchase of my café business, including drafting and finalising the sale and purchase agreement, reviewing the retail lease and attending settlement. David walked me through the business purchase process and highlighted the risk areas and how to minimise them. I highly recommend West Perth Legal.

- Jinkyoung Kim

The Electric Bean Co.
testimonial

David Shi has been an excellent lawyer for my company over the past 3 years providing advice on contracts, litigation, and arbitration. Very satisfied with the timeliness, professional approach, and advice for my business and personal needs. I would highly recommend David’s services!

- Talha Khan

MediXys Consulting

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.

Transparent Pricing
%
Fixed Fees For Regular Documents
%
Obligation Free Quote
%
Complimentary 15-Minute Initial Telephone Consult
%

Book a Free 15-Minute Initial Phone Consultation

FAQs

How long does business settlement take?

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.

What is involved in business due diligence?

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. 

How do I appoint West Perth Legal for my business settlement?

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. 

What is the difference between a lawyer and a business settlement agent?

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. 

Useful Resources

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'

ATO on 'The journey of selling or closing a small business' 

Contact Us

Related Articles