– Practice Area
Toronto Region Corporate Lawyers Helping Clients Buy and Sell Businesses
Buying or selling a business is a complex process involving many legal issues that must be considered and addressed before, during and following the transaction. A great deal of negotiation will be required throughout the process. In addition, there is a sizeable amount of documentation required to complete a transaction, including non-disclosure agreements, letters of intent, and agreements of purchase and sale. Further, due diligence must be conducted and legal searches undertaken in order to obtain all relevant information and mitigate any risks. The purchase or sale of a business should never be undertaken without first consulting with a trusted and experienced corporate lawyer. It is best to do so as early in the process as possible.
At Barry Smith LLP our corporate lawyers regularly guide business owners through the complex and technical process of buying or selling a business. We are well-established in the Toronto community and have assisted ventures of all sizes from start-ups to publicly traded corporations with national and international reach, and all manner of businesses in between. We rely on our many years of experience and the extensive knowledge of our interdisciplinary practice groups to help our clients minimize their legal and financial risk, and maximize their growth and opportunity. With practice groups devoted to Business Law, Employment Law, Real Estate, and Wills and Estates, we understand how the distinct elements of a business work together and use this knowledge to provide our clients with comprehensive legal guidance addressing all of their needs.
Buying a Business
Purchasing an existing business may be a less risky proposition for an entrepreneur than starting a wholly new venture. However, it is absolutely vital to conduct thorough research and due diligence on any business you are considering purchasing in order to minimize your risk and avoid any potential problems. The corporate lawyers in the Business Law Group at Barry Smith LLP can guide you through all necessary steps involved in buying a business including evaluating a prospective venture, assessing all of your options, ensuring that you pay a fair price, and identifying and managing risks as you move forward.
Selling a Business
After years spent nurturing and growing a venture, selling the business can be a momentous decision for many business owners. Selling or transferring a business to a new owner is a lengthy process and requires careful advance planning. Consulting with trusted and knowledgeable business counsel as early in the process as possible can help you minimize risk, mitigate potential issues, and maximize your business’ value. The corporate lawyers at Barry Smith LLP have been helping clients sell their businesses for over 50 years. We have the necessary skill, knowledge, and experience to ensure a successful transition for you.
Contact Barry Smith LLP in Toronto for Trusted Legal Guidance with Purchase & Sale of Business Transactions
If you are contemplating acquiring a business or selling a business, contact the respected and trusted business lawyers at Barry Smith LLP. We have helped clients in Toronto, Cambridge, and across Southern Ontario with their most complex transactions for many years and are well respected in the community. contact us online for a consultation.