We act for limited company business owners who are looking to sell their business by way of share sale.
Although the buyer will normally prepare the draft share purchase agreement, as a seller you will be expected to respond to various due diligence enquiries and to give warranties in the share purchase agreement based on the buyer’s findings.
How can we help?
We can help you sell your business in this way by assisting in responding to enquiries made by the buyer and negotiating the terms of the share purchase agreement to ensure you only give warranties that you are comfortable with and that your liability for any claims brought by the buyer is limited. We will also ensure that the exact terms you have agreed are reflected in the agreement itself including any terms relating to the discharge of personal guarantees.
Once you are ready to complete the sale, we will also help with the relevant board minutes and documents required to resign any directorships and transfer the shares.