Buying and selling business assets: Step-by-step guide
Course Overview
Acquiring a business by purchasing the entity that owns the business assets (e.g. by purchasing all the shares in the entity) means you acquire both the entity's assets and liabilities. This can create complications for both the vendor and purchaser.
Alternatively, you can purchase a business by way of the sale and purchase of the assets of that business.
Help clients navigate this process by learning the ins and outs of buying and selling business assets.
At the end of this course, you’ll be able to:
- Advise a client on the sale and purchase of business assets, including potential concerns for both vendor and purchaser
- Explain the legal obligations of a lawyer acting on behalf of a vendor or purchaser in a business transaction
- Carry out the steps for the sale and purchase of business assets
- Draft and review the documents required to effect the legal transfer of business assets (including the contract, transfer and leasing documents)
The course contains content that falls within the mandatory CPD category of Professional Skills.
Course Structure
- Getting started
- Initial considerations and business finance
- The agreement
- Due diligence and vendor’s warranties
- Exchange of contracts and pre-settlement
- Settlement and post-settlement
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Frequently Asked Questions
The course contains content that falls within the mandatory CPD categories of:
- Professional skills
With our online on-demand interactive courses, you can learn when and where it suits you. We’ve designed each course to provide both education and enjoyment.
Each course offers a mix of engaging exercises, where you’ll gain access to:
- Interactive activities to challenge your understanding and put your knowledge to the test. You’ll also enjoy engaging exercises, such as flip cards, quizzes and drafting activities.
- Clearly identified outcomes so you know precisely what you’ll learn – and the skills you’ll gain. You’ll also be able to track your development and focus on key improvement areas.
- Extended course access so you can reference the material as you need – or revisit it should life get in the way.
- Feedback and template answers so you can refine your skills, grow your knowledge and gain fresh insights.
Access each module on the College’s learning portal. When you buy a single, you’ll have 24/7 unlimited access for 12-months from the date of purchase.
Does this educational activity extend your knowledge and skills in areas that are relevant to your practice needs or professional development?
If so, and you’re not a WA practitioner, you should claim 1 unit for each hour of participation, not including breaks.
Please check your local CPD rules for any caps on activity types, such as the private study of non-interactive audio/visual materials. You are responsible for keeping your own CPD records and complying with your local CPD rules.
No. Western Australian practitioners who complete our on-demand courses are currently unable to claim CPD points.
However, you may earn CPD points by attending select live CPD events or by completing select CPD Interactive modules.