The petrol station industry in Australia represents a significant and lucrative business opportunity, fuelled by the nation’s reliance on vehicles and the increasing demand for convenience store offerings. Purchasing an existing petrol station business, however, requires careful consideration of various…
Exiting a business is a significant step for any business owner, and it’s crucial to ensure that the process is handled correctly from a legal perspective. Whether you are considering selling your business, passing it on to family, or closing…
Selling a business is a significant transaction for any business owner, often representing the culmination of years of hard work and investment. To ensure a successful sale process and maximise the sale price of your business, thorough preparation is essential.…
A disclosure letter is a key document used in business transactions, particularly in the sale and purchase of a business or company shares. It forms a crucial part of the buyer’s due diligence process, providing them with specific information about…
Goodwill is an intangible asset that represents the reputation, customer loyalty, and brand recognition of a business. It is a valuable legal right or privilege that can significantly impact a business’s overall value. Understanding goodwill is crucial for business owners,…
In the world of startups and private companies, equity ownership is often seen as the path to significant wealth. However, unlike publicly traded companies where buying and selling shares is relatively straightforward, private company stock is, by its very nature,…
A share purchase agreement is a legally binding contract that governs the sale and purchase of shares in a company. This agreement is crucial for both the buyer and seller as it sets out the rights, obligations, and protections of…
When purchasing a business, the purchase price is not as simple as the initial figure agreed upon. Outgoings, which are the ongoing costs associated with running a business, play a crucial role in determining the final amount a buyer will…
Determining the value of your business partnership is crucial for a variety of reasons, such as selling your business, navigating a partner buyout, or simply planning your financial future. Understanding how to value a business, particularly a partnership, involves considering…
Selling a business is a significant decision that requires careful planning and preparation. To ensure a smooth and successful sale process, it’s essential to take the necessary steps to present your business in the best possible light to potential buyers.…
