Articles
Things to Consider When Buying a Business
Things to Consider When Buying a Business There are many advantages to buying an existing business. You won’t be starting from scratch and most often you will be acquiring a business with an existing customer or client base and regular cash flow. To ensure that this...
Transferring a Lease to a New Business Owner
Transferring a Lease to a New Business Owner As part of the sale of a business the vendor and the purchaser have to decide if the purchaser wishes to have a transfer over the existing lease of the business premises or wishes to apply to the lessor for a new lease. If...
How to Create a Sale of Business Contract
Understanding the Contract for the Sale of a Business Once the owner of a business (the vendor) and the buyer (the purchaser) agree on the sale, the details must be set out in a written agreement called a Contract for the Sale of Business. Usually, the vendor’s...
Buying a Franchise
Buying a Franchise A franchise involves a business owner (the franchisor) giving you (the franchisee) the right, upon payment of a fee, to market and sell the franchisor's products or services in accordance with the franchisor's system of management and operational...
Most Common Business Structures
When starting a business, choosing the right structure is crucial. Typically, businesses operate under one of the following structures: 1. Sole Trader The sole trader structure is the simplest to establish and manage. You run the business alone and have full control...