Why use The Law Superstore to find lawyers to buy a business?
- Expert solicitors across the country
- Vetted and regulated by the SRA
- Over 100,000 people helped
- Instantly compare quotes from up to 4 solicitors
-
I was very happy with all the information that was giving to me it was explained in detail by the staff.
06th September 2024
-
The solicitor replied very quickly, a phone call the next morning (Sunday) and subsequent phone call to discuss what we required. Very happy.
03rd September 2024
-
Excellent, I was quickly contacted by 4 different providers, all offering the service I require and giving detailed advice. I was able to appoint one within 24 hours.
30th August 2024
-
I was very impressed how quickly they came back to me.
29th August 2024
-
Very helpful and informative answered all my questions no problem
28th August 2024
-
it was easy to complete the form on the web site. Replies from the relevant people within 24 hours email and courtesy phone with no pressure.
27th August 2024
-
Several solicitor firms came back and contacted myself - they were very helpful and helped make my decision to use one of them as a a result. I’m very grateful to the lawsuperstore website for their ease of use and making the recommendations, and will recommend using them to friends.
23rd August 2024
-
Excellent comparison site for legal services. Received 4 quotes immediately and all very competitively priced compared to my local borough legal services. Went with one of the quotations and although service not completed as of yet, so far the service has been faultless and very informative throughout the process. Would definitely recommend to anyone looking for competitively priced legal services.
21st August 2024
-
I only had to fill out the form once and had 4 companies call me back. Great!
16th August 2024
-
I made the enquiries and received emails from three then I received a phone call. I made an appointment this morning and everything was sorted. My sister in law also was helped.
14th August 2024
-
Excellent, impressed with speed and efficiency also the price .
12th August 2024
-
Very good indeed explained everything thoroughly would definitely recommend.
07th August 2024
-
I heard from two solicitor firms. They were both really helpful and affordable. I will definitely recommend using The Law Superstore without hesitation. 10/10
02nd August 2024
-
quick response from suitable solicitors - I have options to consider that will work for me
02nd August 2024
-
Absolutely fabulous. Contact by 3 fabulous firms. Highly recommended.
07th July 2024
-
Easy to use website. Was contacted by a company very quickly and gave me the information I required.
06th July 2024
How to purchase a business
As the purchaser, you’ll first need to reach out to a legal expert who will support you through the process. Your solicitor can also support you in the negotiations, offer their advice on the agreement, and mitigate any risks to ensure your purchase is protected.
Once the exchange is complete, you will inherit the business’ assets, such as its possessions, investments, employees, and the property.
Purchasing a business
If you’re interested in purchasing a business, you’ll need to seek professional advice to guide you through the process and arrange your finance with a lender. They’ll want the business’ particulars and financial information, and information regarding your own personal assets and liabilities.
Selling a business
If you are selling your business, you will also need an expert solicitor to guide you through the process, and ensure the transfer is legal.
Your solicitor will check all agreements and paperwork and advise you on whether the deal is solid.
Frequently asked questions
What is the purchase of a business?
The purchase of a business is the act of buying or acquiring a business with the intention of continuing its commercial operations. Whether you’re buying as an individual or on behalf of a company, legal expertise is a must.
How long does it take to buy a business?
The length of time it takes to buy a business can depend on the situation. Variables can include the landlords or investors involved and must be considered when calculating the purchase period. It’s best to allow for 4-6 weeks between the start and completion of the process.
How do you value a business?
Valuing a business prior to purchase is extremely important so that you don’t overpay and are aware of exactly what you’re getting in the deal. A financial advisor is a key member of the team here and can advise on the value of different assets.
Your solicitor will also be able to guide you through the valuation before you purchase the business, highlighting any concerns, or any points where you need to ask more questions.
Do I need a solicitor to buy a small business?
Whether the business you’re buying is large or small, it is vital that you have a solicitor at your side throughout the process to ensure the exchange is valued correctly and that the purchase agreement meets both party’s desires.
How do I choose a great solicitor when buying a business?
With an important purchase you will want to feel confident that you've got an expert on your side. We recommend checking their experience in business purchases, asking for examples, checking reviews online, and spend some time speaking to your potential solicitor, to see if they offer everything you expect. Have a look at our guide on choosing a solicitor.
