Buying a Business – What you need to know & How to do it

Some entrepreneurs start a new business from scratch, others prefer to buy an existing one which is ripe and ready for a new owner. This section is for you, the entrepreneur who has identified a business you would like to buy, and you want a better understanding of the steps involved. Use this page as your starting point.

Do you want to chat with a business lawyer? Feel free to make contact with me via this contact form (click) or call me in Halifax 902.482.7021.

These are some of the topics you will have to consider, or get professional legal advice on before you buy a business.

Will you purchase shares or assets?
How will you structure your purchase?
Will you have partners?
Will you have financing?
What type of security will your lender require?
What due diligence searches are required (what is due diligence and why do I need to do it?)?
Do I need a letter of intent?
Once the LOI / agreement are finished, what else has to be done?
Are you a successor employer?

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