West Perth Legal has helped hundreds of WA businesses successfully settle their business purchase or sale. Whether your business is large or small, we provide tailored legal services to best suit your situation and help you complete your transaction smoothly.

Business Settlement for Sellers of a Business

For sellers, business settlement involves ensuring all obligations are met and the transaction is finalised smoothly. Key issues include complying with the terms set out in the Business Sale Agreement, verifying that all debts, employee entitlements, and tax obligations are accounted for, and ensuring the proper transfer of assets, contracts, and licenses. Risks for sellers include disputes over financial adjustments, breaches of warranties, or buyer non-compliance with payment terms.

Using a lawyer is essential to protect your interests, draft legally sound contracts, and manage risks. At West Perth Legal, we help sellers navigate these complexities, ensuring they can exit their business with confidence and peace of mind.

Business Settlement for Buyers of a Business

For buyers, business settlement is a critical step to ensure they acquire the business legally. Key issues include verifying financial records, stocks, ensuring the proper transfer of assets, licenses, commercial leases and payment of relevant duties.

Engaging a lawyer is vital to help you comply with business purchase terms, leasing terms and business registration requirements. At West Perth Legal, we work to protect buyers' interests, compliance, mitigate risks, and facilitate a smooth transition into business ownership.

Business Settlement Service

West Perth Legal’s business settlement service includes:

• Confirming the business name details with government authorities
• Working with relevant parties to ascertain rental and other adjustments
• Preparing relevant documents for you to sign to complete the transfer
• Lodging the contract for assessment for transfer duty purposes
• Adjustment of stock at or after settlement
• Attending settlement and pay or receive funds on behalf of the client
• Registering the business name under the correct name

Contact Us

At West Perth Legal, we work with both buyers and sellers of a business to successfully complete their transaction. See our business sale and purchase page for comprehensive legal services for businesses. Contact us for an obligation free quote.