Buying or selling a small business raises challenges for the solicitor. How do you run a potentially complex transaction and meet the expectations of a difficult client, including their expectations of a minimal price?
This practical course looks at the wide range of issues which arise in small business sales from structuring the transaction and drafting the documents through to managing the client, tax issues and employment law.
As well as formal legal updates, the course will address competencies of finding information from the client, providing pragmatic and meaningful advice to the client, and dealing with other solicitors and professionals.
The topics covered include:
Managing the small business client
VAT – what is a going concern?
SDLT – when is goodwill part of the property price?
What are the workers’ rights under TUPE?
What restrictive covenants are enforceable?
How do you keep due diligence under control?
Warranties v representations v indemnities
Protecting the seller