
Selling a Business
You may be selling some or all of your shares.
In the event that you are selling to existing shareholders the transfer can be easily documented.
It may be that the company is able to buy-back your shares which will require a contract and appropriate resolutions and minutes.
You may wish to retain some shares, but sell others to the existing shareholders or the management team and wind down a bit yourself. We can prepare the necessary documentation and advise accordingly.
It may be that you and the other shareholders wish to sell all of the issued share capital to a third party.
You will have agreed heads of terms which can then be reflected in a share purchase agreement. These are usually extensive and can range from thirty to over a hundred pages.
There will be other associated documentation such as a disclosure letter, tax deed, assignments of Intellectual Property rights or trading contracts and the like.
You may be taking deferred consideration and having loan notes.
There may also be whitewash documentation if there is financial assistance.
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