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Buying and Selling a Business

Buying and selling a business can be an intimidating venture, especially if it is your first time, but extremely satisfying once completed.

No matter what side of the transaction you are on, the process of either buying a business or disposing of one is fraught with pitfalls and areas of potential liability, all of which require specialist advice to ensure that the transaction is structured effectively so that both parties attain the best deal possible.


Here at Fisher Jones Greenwood LLP, our Corporate & Commercial team specialises in corporate transactions, including:

  • Sales and purchases of shares and businesses – including both asset and share sales and purchases
  • Management Buy-Outs and Buy-Ins
  • Receivership sales and purchases
  • Group restructuring – for more information on this aspect please click here
  • Merger and Acquisitions – for more information on this aspect please click here
  • Joint Ventures
  • Pre-pack or other purchases from and involving insolvency

The process of buying or selling a business depends entirely as to whether it is a sale of the business itself or a sale of all its assets and goodwill.

On a corporate sale, where the entirety of the business is being sold, this is referred to as a share sale, meaning that the purchaser acquires the shares in the business and consequently acquires the whole business, including all of its assets, rights, and clients, as well as its liabilities.

In situations where only part of the business is being sold, or where the company itself is being retained but its possessions are being sold this is referred to as an asset sale and allows the purchaser to acquire only the assets of the business that it requires, or ‘cherry-pick’ the assets most beneficial to it. Such a transaction allows the buyer to avoid taking on any of the liabilities of the business, which remain with the seller once the transaction has completed.

Our specialist Corporate & Commercial team will handle every aspect of the transaction, including drafting and negotiating the Heads of Terms, the main Purchase Agreement, as well as all other ancillary documents including board meeting minutes, resolutions, assignments, transfers, and other documentation necessary to ensure the business or parts of the business, transfer legally to the buyer.

Our specialist Corporate Commercial team deal with all transactions, not just asset or sale purchases, regardless of their size, nature, or complexity, and are able to advise on all areas of consideration for both a buyer and a seller looking to enter into such a transaction, as well as advise at every step throughout the transactional process.

Contact us

If you require legal advice in relation to any corporate commercial topic or otherwise, please call and speak to one of our Solicitors in our Corporate and Commercial team on 01206 835300 or email Head of Corporate and Commercial, Ashton Carter [email protected]

Offices in Colchester, Chelmsford, Billericay, Clacton-on-Sea, Holland-on-Sea, Braintree, Sudbury and London.

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With over 40 years’ experience, Fisher Jones Greenwood is a long-established Essex Solicitors. With nine offices around Essex, Suffolk and London. Phone us on 08455 435 700 or email us and we’ll call you back to arrange a meeting with a solicitor or lawyer.

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