Selling a business

posted on June 12, 2013in the Blog Category

Selling a business

A client meeting this week reminded me that most business men/women generally only ever sell a business once in a lifetime. There are of course serial entrepreneurs who build up one business, sell it and then do it again and again but they are the exception. For those who sell a business only once in a lifetime they really do need a team of experienced advisers to guide them through all the quagmire of legalise.  From the need up front of a confidentiality agreement right through to the meaning of disclosures, warranties and indemnities etc, the experienced adviser should make sure that their client has a full understanding to avoid falling foul of potential claims against them. If a business seller doesn’t understand the importance of disclosing all relevant facts to a buyer then they could well remain on the hook for commercial risk for 2 years and for 6 years for tax risks. The good adviser will lessen that risk and the MBL team have wide experience in this area. Tony Collier, Managing Director

Written By: MBL

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