There are three main ways to buy a private business:

  • Asset acquisition
  • Share acquisition
  • Amalgamation

Each of these methods of acquisition has their own unique processes, costs, liabilities and consequences. A real estate agent or broker cannot give you legal advice about any of these types of acquisitions, though many of them often try to do so, and often to the detriment of their clients.

Selecting which structure is right for you depends on many factors. Buyers and sellers usually have very different interests, so understanding each factor and its effect on the parties is important. Some of the major factors include:

  • Commercial issues
  • Process and consents
  • Tax issues

If you have questions about the purchase or sale of a business, feel free to contact us about it.