Why use The Law Superstore to find lawyers to buy a business?
- Expert solicitors across the country
- Vetted and regulated by the SRA
- Over 100,000 people helped
- Instantly compare quotes from up to 4 solicitors
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Very pleased with service very polite and quick response
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I explained what l wanted to do he explained what the process would be, l was sent over the list of solicitors l picked one that was right for me l would use the service again and l will recommend to family. Thank you
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Informative. Polite. Helpful. Very competitive with high street solicitors. Happy to refer friends and family. Thank you.
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Lots of information explained very . Immediately understood what I needed and informed me what to do and sent a link for further information. Very empathetic and helpful. Thank you
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The Law Super Store gave us easy access to Estate Management providers . Subsequently many of our questions were answered and professional advice received.
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Good information and advice received
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They are prompt response and provide the relevant information. They also have explained procedures for the plant. I am much appreciated their response.
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Excellent response
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They put me at ease and made me feel calm from the start to the end very helpful
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I received several offers and was impressed with the level of interest and competitiveness.
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Very good service
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I was having trouble completing the Starter Form so phoned customer service dept. The young lady I spoke to guided me through the form with the utmost patience which I needed as i am not the most computer literate person. . I received amazing customer service .
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Easy to initiate inquiry online. Through simple question and answer was able to outline my requirements. Received very prompt responses by email and follow up telephone calls. All very professional and helpful.
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Completed the forms and had a call back within an hour was happy to go with the first caller great service would recommend
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It was a good, found exactly what I wanted
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Had competitive quotes from three solicitors. I decided to go with one that was based locally.
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Very helpful which saved a great deal of time & expense with international phone calls.
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Excellent service. Came up with options, and we will be going ahead with one of recommendations very soon.
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Good response and all legal professionals who took time to speak to me were very knowledgeable. Good cost comparisons with all companies.
How to purchase a business
As the purchaser, you’ll first need to reach out to a legal expert who will support you through the process. Your solicitor can also support you in the negotiations, offer their advice on the agreement, and mitigate any risks to ensure your purchase is protected.
Once the exchange is complete, you will inherit the business’ assets, such as its possessions, investments, employees, and the property.
Purchasing a business
If you’re interested in purchasing a business, you’ll need to seek professional advice to guide you through the process and arrange your finance with a lender. They’ll want the business’ particulars and financial information, and information regarding your own personal assets and liabilities.
Selling a business
If you are selling your business, you will also need an expert solicitor to guide you through the process, and ensure the transfer is legal.
Your solicitor will check all agreements and paperwork and advise you on whether the deal is solid.
Frequently asked questions
What is the purchase of a business?
The purchase of a business is the act of buying or acquiring a business with the intention of continuing its commercial operations. Whether you’re buying as an individual or on behalf of a company, legal expertise is a must.
How long does it take to buy a business?
The length of time it takes to buy a business can depend on the situation. Variables can include the landlords or investors involved and must be considered when calculating the purchase period. It’s best to allow for 4-6 weeks between the start and completion of the process.
How do you value a business?
Valuing a business prior to purchase is extremely important so that you don’t overpay and are aware of exactly what you’re getting in the deal. A financial advisor is a key member of the team here and can advise on the value of different assets. Your solicitor will also be able to guide you through the valuation before you purchase the business, highlighting any concerns, or any points where you need to ask more questions.
Do I need a solicitor to buy a small business?
Whether the business you’re buying is large or small, it is vital that you have a solicitor at your side throughout the process to ensure the exchange is valued correctly and that the purchase agreement meets both party’s desires.
How do I choose a great solicitor when buying a business?
With an important purchase you will want to feel confident that you've got an expert on your side. We recommend checking their experience in business purchases, asking for examples, checking reviews online, and spend some time speaking to your potential solicitor, to see if they offer everything you expect. Have a look at our guide on choosing a solicitor.
