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Business sale lawyers

Are you venturing into buying or selling a business? It’s a complex journey, where going solo spells risk. Our team of experienced business sale lawyers can help you navigate this intricate and complex undertaking.

We are more than just legal advisors; we’re your strategic partners. Our team regularly advises on navigating the intricacies of business transactions. From unravelling trade restraints and protecting goodwill to handling valuation of stock and employee entitlements, we have the knowledge to support you in all scales of business mergers and acquisitions.

Our role in such matters is straightforward: to minimise risks, protect your interests, and steer clear of legal pitfalls. With us, your journey to a successful business transaction does not happen by chance – it’s carefully planned and supported.

perth business lawyers supporting buying or selling a business

Streamline your sale, secure your success

Navigating a business sale? Let our business sale lawyers be your guiding force. Here’s how they can make a pivotal difference:

  • Deal structuring: Tailoring the terms of your purchase or sale for maximum benefit. We ensure it’s efficient and favourable to you.
  • Due diligence mastery: Rigorous checks and balances to safeguard your interests in every aspect of the sale.
  • Legal clarity: Demystifying legal jargon. We provide clear, concise guidance through complex legal terrain.
  • Risk reduction: We proactively identify and mitigate risks, protecting your investment and future.
  • Negotiation prowess: We leverage our negotiation skills for terms that align with your goals.
  • Seamless transactions: Smooth, efficient transaction processes, saving you time and stress.

We’ll guide you through critical transitions

The sale or purchase of a business is a pivotal moment. Our experienced business sale lawyers can steer you through with unmatched knowledge and commitment to your success.

Our team can:

  • Review business broker heads of agreement and selling agreements
  • Undertake due diligence
  • Negotiate with potential purchasers and sellers
  • Advise on securing finance
  • Prepare non-disclosure and confidentiality agreements
  • Structure the sale – whether sale of assets or sale of shares
  • Advise on appropriate business structuring
  • Draft, negotiate and review contracts
  • Advise on restraints of trade
  • Arrange and negotiate transfer or assignment of leases
  • Arrange and negotiate transfer or assignment of contracts and licences
  • Discharge and registration of PPSA and PPSR security interests and guarantees
  • Assist with ongoing advice after settlement

Client testimonials

From individuals to families, from startups to large corporations, professional groups to charitable foundations - we’ve stood beside a diverse range of clients helping them best navigate their legal journey when it comes to protecting assets and securing legacies. Here’s what some of them have to say.

Review for Morgan Solomon
Morgan Solomon
"What we appreciated most about working with Morgan Solomon was his extraordinary ability to absorb and process information on his feet and cut through peripheral issues. A good lawyer needs to remain calm, collected and outcome focussed throughout a tough negotiation. Morgan ticked all of these boxes, and more. He’s also a wonderful guy and really easy to work with."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Brandon Hetherington
Brandon Hetherington
"Brandon and the team and SHL were excellent to deal with. Their advice was clear and articulated in a manner that I could understand. They worked to some critical deadlines that I had which was very important. I would highly recommend and will certainly use their services again in the future. I would like to recommend Brandon Hetherington, Brandon has been amazing. Without his professionalism I probably would of going crazy. He explained everything in layman terms, which was great. Thanks once again, if you need a lawyer this is the place to go."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Jessica Spee
Jessica Spee
"Recently we consulted Solomon Hollet Lawyers to deal with some family matters on my behalf. In relation to a will. They were fantastic. Professional right from the start to the end. They made the process very comforting indeed. Originally I got onto them via a way of a 15 minute free phone call which I found on the internet. Jessica Spee was our lawyer and we established an awesome rapport with her. What was originally thought to be a massive headache for us was made very simple by Jessica. Her staff were professional and outstanding in their customer service delivery. Thanks Jessica your a total professional and I cannot highly recommend her and her company enough. Thanks a heap Jessica"
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Morgan Solomon
Morgan Solomon
"This firm is friendly, helpful and accessible - from the first person that answers the phone, they make you feel welcome and at ease. I had a consultation with Morgan Solomon and cannot recommend him highly enough. His early advice, for which I am incredibly grateful, has most likely saved me from a lengthy and expensive legal battle and many sleepless nights worrying about my situation. Morgan is not only an expert in his field, he is excellent at explaining applicable laws and the pros and cons of different courses of action to his clients. Thank you, Morgan, and everyone at Solomon Hollett Lawyers."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Andrew Bower
Andrew Bower
"Andrew Bower represented me in a very messy business partnership dispute. Andrew’s professional conduct, court mannerisms and high quality of work was amazing! His knowledge of the legal system and attention to detail gave me peace of mind every step of the way. The last 12 months have been a stressful legal roller coater ride and in December Andrew put a successful end to that chapter. I would highly recommend Andrew and I cannot thank him enough. Andrew Bower from Solomon Hollett law firm is an extremely professional, knowledgeable, pro active lawyer that owns the client's problem, and do everything possible to help the client succeed with great care, loyalty, passion and dedication. Strongly recommended. Andrew's professional advice and guidance has saved our business thousands and a lot of heartache. Highly recommend Andrew and Solomon Hollett Lawyers."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Annabel Pizzata
Annabel Pizzata
"We had an excellent experience with Annabel at Solomon Hollett Lawyers recently. Annabel helped us out through an estate matter that we wouldn’t have been able to deal with ourselves. She was very professional, helpful and prompt in all of our interactions. I would recommend them very highly."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Morgan Solomon
Morgan Solomon
"We engaged Solomon Hollett to represent us (executors) in a challenging and frustrating Estate matter. We cannot praise both Morgan Solomon and Matthew Gunn highly enough for the extremely professional and understanding approach they took and their attention to detail. Their knowledge of both the law and estate procedures was second to none and their communication skills were outstanding. We settled the matter at mediation thanks in large part to their support and guidance. I would very strongly recommend them."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Craig Hollett
Craig Hollett
"I recently employed Craig Hollett when my partner required defence in a complex criminal matter. From the outset of this very difficult journey, Craig’s professional and approachable manner put me at ease. Navigating foreign legal processes was incredibly unnerving, but Craig’s extensive knowledge and patient explanation made the experience far less daunting. Craig was always available to me when I required advice and guidance, which made me feel as though there was someone I could trust in the midst of a great deal of turbulence. Although he was kind and reassuring, Craig was straight down the line and made sure I was fully aware of all possible outcomes, even when it was not what I wanted to hear. The compassion and genuine concern he showed was extraordinary, as was his unwavering performance in court. With Craig’s guidance, we were able to obtain the best outcome we could expect, and I will be forever grateful to him. I could not be more pleased with the service that Craig provided and would not hesitate to recommend him."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Andrew Bower
Andrew Bower
"Our experience with Solomon Hollett Lawyers was nothing short of fantastic. We found ourselves in a tough spot when a client unexpectedly canceled a contract early, leaving us hanging with unpaid invoices and other charges for months. Andrew Bower, came highly recommended from another lawyer and lived up to every expectation. Not only were him and his team incredibly knowledgeable about the intricacies of contract law, but they handled our case with the utmost professionalism and expertise. What truly set them apart was their ability to translate all that legal terminology into layman's terms that we could easily grasp. It made navigating the complexities of our situation a breeze. Thanks to their guidance and skillful negotiation, we were able to resolve the matter in our favor. We couldn't be happier with the outcome! They consistently deliver exceptional service, demonstrating proficiency at every juncture. Highly recommended!"
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Morgan Solomon
Morgan Solomon
"Very grateful to be able to deal with Morgan and the rest of the team. They ask the right questions, arrive at the best possible solutions and are extremely thorough. Highly recommended for their professionalism and clarity provided."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Brandon Hetherington
Brandon Hetherington
"The last few months have caused a significant amount of stress for me around an estate matter. I wasn't sure what to expect when I searched for legal assistance since I have never had to use the services of a law firm before. Other Google reviews led me to Solomon Hollett Lawyers where I found Brandon to be very helpful and knowledgeable. Just knowing that he was supporting me in this matter made all the difference and helped to facilitate a positive outcome."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Craig Hollett
Craig Hollett
"We are very grateful to Craig for his outstanding work. Craig was highly professional, clear about his role and what he could do for us and he handled our case with an incisive precision. Craig fully and respectfully explained the processes and complexities of the case in a language that made sense to us and he outlined in detail steps that we had to take. What impressed us most was his willingness to understand the complexities of our Church structures and laws and take on board our principles and concerns. We cannot recommend Craig highly enough."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Andrew Bower
Andrew Bower
"I highly recommend Solomon Hollett Lawyers and in particular Andrew Bower. I was very anxious about my particular situation and Andrew was extremely helpful and knowledgeable. He put my mind at ease and I was grateful to have him in our corner. He was friendly and approachable and explained everything that was happening each step of the way and was also with us at the hearing which we won. I can’t thank him enough."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Brandon Hetherington
Brandon Hetherington
"We had a great experience with Brandon from Solomon Hollett. From the first phone call, I could tell that he had a solid grasp of our situation and what we wanted to achieve. He was very helpful and very responsive throughout our dealings with him. He got everything done in a timely way and we're very happy with the result. Definitely recommended! Thanks, Brandon. "
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Craig Hollett
Craig Hollett
"Craig was very reassuring from the outset, helping our family out of a building jam we found ourselves in. Andrew was also very proficient. With their help, we achieved what we set out to achieve quickly and efficiently. We will certainly contact Craig and Andrew if needed in the future."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Matt Gunn
Matt Gunn
"I highly recommend Matt Gunn and Solomon Hollett lawyers. I had a matter with the executor of my uncles estate. It was highly stressful but Matt not only resolved the issues but was very understanding and professional about it. Many thanks."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Brandon Hetherington
Brandon Hetherington
"Brandon Hetherington has been an absolute Godsend for us in a very difficult and stressful estate matter, which the Executor had been mishandling and dragging on for many years before we bought Brandon in to act. Prior to this, his advice and guidance kept us sane. All our enquiries were handled promptly and saved us from many sleepless nights. Without his help we would still be in estate limbo. We can't thank Brandon and Jessica Spee enough for their professionalism, empathy and support. They have got us through and we can now finally move on. Hopefully we never need their services again but I wouldn't trust anyone else with such important matters."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Annabel Pizzata
Annabel Pizzata
"Annabel from Solomon Hollett Lawyers was extremely reliable, helpful and friendly when dealing with myself and my mum regarding our matter. The services provided were professional and timely, and Annabel communicated with us regularly to ensure we were up to date with the progress of our matter. I’d be more than happy to recommend Annabel and Solomon Hollett Lawyers to anyone with estate issues."
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.
Review for Jessica Spee
Jessica Spee
"Jessica Spee was exceptional helping my partner and I navigating the settlement of our first property. She was incredibly knowledgeable, courteous, punctual and made the which seemed like a daunting task enjoyable . I would highly reccommend Jessica to anyone and everyone"
The privacy of our clients is important to us, but should you wish, we’re more than happy to provide client first names behind each of the testimonials upon request.

Discover the Solomon
Hollett difference

Personalised legal solutions

We understand the complexities you’re facing. Your litigation needs are unique and nuanced, so we tailor our legal strategies to align perfectly with your specific circumstances, guiding you with precision and dedication every step of the way.

Comprehensive legal knowledge

Rest assured that you’re in capable and experienced hands. Our extensive expertise across diverse legal arenas ensures that we’re equipped to guide you through the most pressing litigation challenges and opportunities, from commercial law and contract disputes to partnership conflicts and beyond.

Client-centric approach

Your peace of mind matters to us. We prioritise clear communication and steadfast support, focusing on securing outcomes that restore your calm and confidence.

Proven track record

Count on us to stand by you. Renowned for our commitment to excellence and a legacy of success in commercial litigation, we’re here to protect your interests with proven strategies that work.

Accessible and timely legal services

We’re here when you need us. With responsive service and flexible scheduling, we ensure that you receive legal guidance promptly, accommodating your needs and easing your stress during critical times.

Transparent and up-front

We’re upfront about the cost of what we do, so you know what you are committing to. We focus on the proportion of the fees to the value of the matter, making the return on your investment easy to ascertain from the get-go.

Commercial disputes and how we can help

Book your free 15 min consultation

Discussing your situation over the phone is often the best way to start, and we’re pleased to offer all new and existing clients a phone consultation for every new commercial law matter. This is a great opportunity to let us know more about the assistance you’re looking for, clarify your situation, and walk you through how best we can help and what’s involved. Whether you need support with contracts, leasing, business transactions, or dispute resolution, our experienced commercial lawyers in Perth are here to guide you

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Book your free 15 min consultation

Discussing your situation over the phone is often the best way to start, and we’re pleased to offer all new and existing clients a phone consultation for every new commercial law matter. This is a great opportunity to let us know more about the assistance you’re looking for, clarify your situation, and walk you through how best we can help and what’s involved. Whether you need support with contracts, leasing, business transactions, or dispute resolution, our experienced commercial lawyers in Perth are here to guide you

Fill in your details below

Master the business landscape

Protect your business and your legacy with practical legal advice for smart operations.

Frequently
asked
questions

Can’t find what you are looking for?

What should I consider when buying or selling a business?

How you buy or sell a business may have significant legal and tax implications. Typically, a purchase or sale usually involves a transfer of business assets and its existing operations, or transfer of the shares of the company operating the business.

We recommend both buyers and sellers consider the following matters before agreeing to buy or sell a business:

  • Warranties and liabilities: what warranties and liabilities are attached to the proposed transaction? Is the seller solvent? Does the seller have the appropriate legal right, title and interest to sell the assets? Is the seller in breach of any liabilities? Will the seller continue to operate the business in an appropriate manner between signing the contract of sale and completion of the sale?
  • Restraints: How will the goodwill and customer base be protected? How will existing supplier networks be preserved? Is the seller willing to give the undertakings that the seller requires? How long will any restraints apply? Are the restraints reasonable in the circumstances? What happens to the employees and their accrued entitlements?
  • Security interests: Do any third-party security interests need to be altered or discharged? Does the vendor need to take their own security over the business to ensure they are paid any portion of the purchase price they are financing (often called vendor finance); if so, what sort of security is appropriate?
  • Approvals and consent: Are any approvals or consents to the proposed sale required? Is an existing contract or licence key to the viability of the business? Can the benefits or burdens of that contract be assigned? Is regulatory approval required? Are there any licences that need to be transferred? Can an existing licence be assigned, or is a new licence required?
  • Pre-conditions: Are there any pre-conditions to completion that must occur, or are desirable and should be negotiated?
  • Guarantees: Has the seller and/or its director(s) given personal guarantees that need to be discharged? These are often given to not only to financiers, but also trade account suppliers.

There are so many possible unique considerations for selling or buying a business and it is vital good legal advice is taken as early as possible in the sale or purchase, and preferably before a deal is even struck.

How can a lawyer assist in the business sale process?

Our business sale lawyers can:

  • Advise on legal matters
  • Prepare and review essential documents
  • Negotiate sale terms
  • Ensure all activities adhere to appropriate standards

Their role is pivotal in structuring the deal to align with acceptable legal standards and client interests.

What is due diligence, and why is it important in a business sale?

Due diligence is a thorough investigation and evaluation of a business’s financial, legal, and operational state. It’s critical to understand the true value of the business and to identify any hidden liabilities or risks that could affect the sale. While we can’t help with financial due diligence or business valuations, we are more than happy to assist with legal due diligence.

How are business valuations and sale prices determined?

Business valuations are based on a careful analysis of the business’s financial records, market position, physical and intangible assets, and projections of future earnings. It will usually involve financial experts and appraisers to ensure a fair and accurate valuation.

What are the common pitfalls in selling a business and how can they be avoided?

When clients come to us with an issue or business dispute, we usually see the same common issues. Generally, insufficient due diligence or ineffective contract negotiations are often to blame and can lead to unfavourable sale terms or unforeseen liabilities.

The risk of such issues and disputes can be minimised with proper preparation, strategic planning, and delivering knowledgeable legal and financial advice before a deal is concluded.

How do I handle contracts and negotiations during a business sale?

Effective contract management and negotiation require a deep understanding of the business’s value, strategic use of legal terms, and a clear negotiation strategy to protect your interests and achieve favourable terms. These are all things we can help with.

What are the tax implications of selling my business?

The tax impact of a business sale can be complex, involving capital gains tax, income tax implications, and other tax liabilities. Professional tax advice is essential to understand and plan for these implications.

How long does the process of selling a business typically take?

The time frame for a business sale can vary widely, depending on its size, the complexity of the transaction, market conditions, and the efficiency of the negotiation and due diligence process. Ultimately, the parties are free to negotiate whatever time frames they wish to agree.

What is the role of confidentiality in business sales?

Maintaining confidentiality is crucial to protect sensitive information about the business, its operations, and its financials. We understand how important this confidentiality is and protect your information at all costs.

Can you represent me in disputes arising from a business sale?

Yes, we can. If a dispute arises, such as disagreements over the terms of the sale, breaches of contract, or issues related to warranties and representations made during the sale process.