Company sales and purchases

Solicitors here undertake the legal work required to effect sales and purchases of companies and businesses.

The basic feature of the sale and purchase of the share capital of a company is that the company has its own existence independent of the shareholders for the time being and accordingly a change of ownership does not generally affect its assets and liabilities.

On the other hand, the purchase of a business involves the acquisition of each of the individual assets including in particular the goodwill of the business.

Although in many respects the purchase of a business is a very different transaction from a purchase of the shares of the company, the documentation is usually broadly similar.