Trading as Powell Eddison Solicitors 
Trading as Avery Walters Ellis Solicitors 

Buying and Selling a Business 

If you are a business owner looking to sell or a person wanting to buy a business our solicitors can advise on all the legal issues that arise as well as issues related to running a business. 
Buying and selling a business can be a daunting prospect and for many people who find themselves involved in buying a business for the first time, nothing in their previous experience will properly prepare them for it. 
There are two main ways in which to acquire a business that is already trading: 
An asset sale, in which all (or only some) of the assets and contracts of the business are transferred to the buyer, but the company that owns the business does not change ownership. 
A share sale, in which the shares in the company that owns the business transfer to the buyer. 
Where the business is owned by an individual or a partnership and is not a limited company, the deal will have to progress by way of an asset sale. However, where the business is owned by a limited company, the buyer and seller can choose whether to proceed via a share sale or an asset sale. If an asset sale, then the company will be the seller. If a share sale, then the company itself will be what is being sold, and the seller(s) will be the shareholder(s) in that company. 
Our Commercial team are very experienced in advising on business sales and purchases. We can also advise on all the legal issues that arise in running a business, such as property and employment matters and all kinds of commercial agreements. 
Andrew Parascandolo 
Managing Partner 


Phone: 01423 564551 
Email: ap@powell-eddison.co.uk 
For more information on how your data will be collected and stored, please view our privacy policy
Our site uses cookies. For more information, see our cookie policy. Accept cookies and close
Reject cookies Manage settings