Selling your business is a big decision. Whether you’re planning to retire, return to working for someone else, or pursue your next business idea. Here are the top five common mistakes to avoid when selling a small business: 1. Overlooking due diligence – Due diligence is a critical process for the buyer and the...
Selling a café in Brisbane requires more than simply listing the business on the market. Owners should prepare financial records, organise legal documents, maintain strong business performance and present the café professionally to potential buyers. With the right preparation and professional advice, café owners can improve their chances of achieving a smooth sale and securing...
There’s nothing better than a harmonious business partnership, and unfortunately, few things can be worse if that relationship turns sour. To avoid disputes, it’s crucial that every member of the partnership understands their responsibilities and what to do if disputes arise. Disagreements in business can happen for a few reasons, including: Profit...
When purchasing a business, there are two primary methods to consider: a business asset sale or a share sale. Each approach has distinct legal and commercial implications, and the choice between the two will depend on the specific circumstances and objectives of the parties involved. Business Asset Sale vs. Share Sale In a business asset...
Choosing to buy, sell, acquire, or merge a business is a big financial decision, and it comes with a lot of responsibility. It’s important to have an experienced business and commercial lawyer to help you through the process. But what exactly does a solicitor do during the merger and acquisition process? Due diligence – your...
Joint ventures are a great way to start a business, as you’re combining resources, expertise and risk. However, there are several important considerations to consider when entering a joint venture. The joint venture agreement should cover every aspect of the business, including who is responsible for what, who owns any intellectual property, what is the...
GLG Legal has advised Cannindah Resources’ (ASX:CAE) on its latest successful capital raising; marking both a milestone for Cannindah Resources and a demonstration of continued investor support for Queensland’s resource sector. The fully underwritten $4.5 million entitlement offer sets the foundation for expansion drilling and broader exploration of high-value copper-gold targets. This article unpacks the...
Are you planning on selling your small business soon? It may be hard to sell it quickly if you have no experience in this field. There are many things to consider when doing so, as you’ll want to get fair compensation for what you’ll be trading away. This article will run you through some tips...
A joint venture agreement is a contract between two or more parties who agree to work together to achieve a common goal. The agreement sets out the roles and responsibilities of each party and the terms and conditions under which the joint venture will operate. It is important to have a joint venture agreement in...
Selling your hard-earned business is a potential exit strategy once you’re ready to close your books to start a new chapter in your life. There are many reasons a business owner would want to let go of their company. To ensure a smooth-sailing transition of power and assets, you need to know which items will...
What does “selling a business as a going concern” mean? When you’re selling a business as a going concern, it means you are selling everything that’s necessary for the continued operation of that business. It also means that you will continue running the business until the day of the settlement. What property can be included?...