After conducting due diligence on the business, you have ensured that all parties involved are content with the agreement and the transaction meets your expectations. At this stage, both the buyer and seller have agreed to sell the assets of the business.
To ensure a seamless and satisfactory sale, it is crucial to properly draft and negotiate the terms and conditions of the acquisition. As experts in the field, we can offer our assistance in this process to both buyers and sellers.
We will work closely with you to tailor the agreement to your specific needs and circumstances. Our goal is to facilitate a smooth and tidy sale, and to provide you with the peace of mind that comes with knowing your interests are being well-protected throughout the entire transaction.
How to buy a company's assets
We provide ourselves on providing a comprehensive and sophisticated approach to drafting your asset purchase agreement. Once we have gathered all the requisite information, we will prepare your agreement to ensure a seamless and successful transaction.
To ensure a smooth purchase process, it is crucial to carefully consider the representations and warranties that underpin the transaction. Our business law firm will provide you with the necessary guidance to navigate this critical aspect of the agreement, ensuring that all parties involved have a clear understanding of the terms and conditions.
We understand that every business sale is unique, which is why we pay meticulous attention to detail when drafting your asset purchase agreement. This includes providing a detailed list of the specific assets being purchased, as well as any exclusions. Our team will ensure that the price, payment terms, and any liabilities assumed by the buyer are clearly outlined in the agreement.
At the end of the day, our goal is to provide you with the peace of mind that comes with knowing your asset purchase agreement has been expertly crafted to protect your interests and facilitate a successful transaction.
What is a corporation?A corporation is a legal entity that can enter into contracts, incur debt, and even own property. Every corporation is comprised of shareholders, directors and officers. When forming a corporation, owners transfer money, property or assets into the corporation in exchange for shares. These owners then become shareholders of the corporation and they can buy or sell their shares without affecting the existence of the corporation.
What's a minute book?Each corporation is legally required to keep, maintain and regularly update their corporate minute book. This book is the legal history of the corproation starting from its incorporation. Each decision is recorded into the minute book which allows potential investors, the CRA and interested people (for example, a potential buyer) to assess the history of the corporation. If you need to create, re-create, or update your minute book visit our minute book page. In a minute book, you will generally find: Certificate of Incorporation Articles of Incorporation Resolutions Share Certificates Share Registry Shareholder's Register Director's Register Officer's Register
What are Shareholders, Directors, and Officers?"Enter your answer here
Can one person incorporate a company?Yes, one person can incorporate a company by themselves. This person will play the role of the shareholder, director and officer.
How long does a corporation exist?A corporation can exist forever since it is a separate legal entity. It is independent from its shareholders, directors and officers. It's existence can be ended by dissolution (voluntary or involuntary).
Do I need a lawyer to incorporate?The incorporation process requires many legal documents which are best prepared by a lawyer. You should always consult with one before incorporating to ensure you have the right and accurate documents.
What's the difference between a named and a numbered corporation?A corporation can be incorporated using a name or let the appropriate authority provide it with a number to identify the corporation. If dealing with the public, numbered corporations will also declare a business name that they will use for their business purposes.