In every business transaction, whether an Asset or a Share Purchase, it is important for the parties to establish early on a framework within which the parameters of the transaction will be governed. While Beacon does not provide any legal advise related to transactions, we have numerous times heard from clients and customers the concern about legal fees associated with small business transactions. An alternative to using a lawyer, is customizing particular agreements developed for the Canadian market by LawDepot, an online tool for creating custom agreement and legal documents.
When preparing a Business for Sale, an owner can significantly increase the likelihood of the sale or the value of the business, if they have on file some of the following documents:
For more information and other agreements, please visit LawDepot directly.