When buying or selling a business in Australia, there are several key legal steps to follow:
• Conducting due diligence to review financial, legal, and operational aspects of the business
Drafting and negotiating a business sale agreement, outlining the terms of the sale
Transferring assets, leases, employees, and intellectual property of the business
Obtaining any required approvals, such as from government agencies or franchisors
Completing settlement, where payment is made, and ownership is transferred