Choosing to sell your business or purchase one is a process you should never undertake without the assistance of expert legal guidance. Fortunately, the team at Strictly Conveyancing are here to provide you with reliable business conveyancing when you need it most. By involving a conveyancer to help you buy and/or sell your business, you are arming yourself with invaluable knowledge and skills to assist you in making the most informed decision possible.

Tailored Legal Support for Buying or Selling Businesses

If you’re planning to sell or buy, getting the help of a conveyancing firm that specialises in commercial conveyancing is an invaluable resource to have. Whether you’re buying or selling a small business or a larger commercial enterprise, conveyancers are an indispensable partner to have in your corner, advocating for your interests.

At Strictly Conveyancing, we specialise in providing tailored legal support for commercial business transactions. We ensure that our clients remain informed and that every aspect of the sale aligns with local, state, and federal regulations. 

With a wealth of experience in dealing with commercial business transactions, our team brings a deep understanding of the intricacies and challenges that can arise during the process. This experience allows us to provide expert guidance, anticipate potential issues, and offer strategic solutions to ensure a smooth and successful transaction.


Buying a Business

If you’re thinking of making a business purchase, using a conveyancing firm for their expert legal counsel is of the utmost importance. This is because conveyancers play a crucial role in purchasing a business, helping to ensure a smooth and legally sound transaction. The team of conveyancers at Strictly Conveyancing will:

  • Conduct due diligence on the business being purchased, including its financial records, contracts, licenses, and potential liabilities.
  • Prepare and review legal documentation related to the purchase, including the sales agreement.
  • Perform a title search to verify the ownership and legal status of the business.
  • Help coordinate all necessary licenses and permits needed for the business to operate legally.
  • Assess potential liabilities and risks such as pending lawsuits, tax, and contractual obligations.
  • Negotiate on behalf of the buyer to ensure that the terms of the sale agreement are favourable and protect the buyer’s interests.
  • Help secure finance for the purchase (if needed) by coordinating the necessary documentation.
  • Oversee the closing of the transaction, ensuring all documents are signed, and funds are transferred according to the agreed-upon terms.

Selling a Business

When considering putting your business up for sale, getting help from a conveyancing firm is paramount. As experts in the field, we can help you navigate complex legal matters whilst ensuring your interests are protected. At Strictly Conveyancing, we will:

  • Prepare and review the contract of sale and other legal documents required for the transaction.
  • If the business sale includes real property or leases, we’ll handle title searches, property transfers, and lease assignments.
  • Verify that all necessary licenses permits, and regulatory compliance are in place and up-to-date for the business being sold.
  • Facilitate due diligence by gathering and reviewing contracts, leases, permits, and other legal documents.
  • Manage the escrow process and the closing of the transaction.
  • Ensure the terms of the sale complies with local and national regulations.
  • Once the sale is completed, we can assist with post-sale matters, including the transfer of leases.

How We Can Help with Your Business Transaction

Engaging a firm that specialises in commercial conveyancing when you are thinking of putting your business up for sale in NSW can help to reduce the risk of any issues arising later on. 

Whether you’re looking at selling your business or making a purchase, at Strictly Conveyancing, we will work alongside you to ensure you get the best value for your money. We know how heavy a load it is to take on a transaction like buying or selling a business, and we’re here to act as your trusted partner to help you navigate the process and make it as seamless as possible.

Frequently Asked Questions

Should you have any questions about hiring a business conveyancing firm to help with your next sale or purchase, explore our frequently asked questions below. If you require more specific information or would like to book an appointment, don’t hesitate to contact our friendly team.

It is strongly recommended to hire a team that specialises in commercial conveyancing when you’re thinking of making a business purchase, particularly if the transaction is complex or involves significant assets. While it may not be legally required in all cases, having legal counsel can significantly reduce the risks associated with buying a business and help ensure a smooth transaction.

You should consider hiring a conveyancer when you are about to be involved in a property or business transaction that involves the transfer of real estate or significant property rights. The exact timing may vary depending on the specific circumstances of the transaction, but it’s essential to involve a conveyancer early in the process to ensure a well-organized and legally compliant transaction.

Due diligence refers to the comprehensive investigation and analysis of a business or property before entering into a transaction. It is a critical step in assessing the risks and opportunities associated with the sale. 

During due diligence, potential buyers or investors review financial records, contracts, legal documents, licenses, permits, environmental concerns, and other relevant information to evaluate the business’s or property’s condition and value. The goal is to uncover any potential issues or liabilities that may impact the transaction’s terms or feasibility.

According to the Land & Business Sale and Conveyancing Act 1994, goodwill is an intangible asset that represents the reputation, customer relationships, brand value, and other non-physical elements that contribute to a business’s overall value. It is typically associated with established businesses and is considered an essential part of their worth. When you buy an existing business, you may pay a premium for the goodwill associated with that business, as it can include factors like customer loyalty and brand reputation.