You do not need a solicitor near you for this. A business sale is national law, conducted between advisers on the documents — and everything that determines the outcome is settled before anyone needs to be in the same room.
What Decides the Outcome Is Not Where Anyone Sits
The structure, settled with your accountant on the tax before heads of terms, because it determines the tax treatment, which liabilities move, whether employees transfer automatically and which consents are needed — and because it is very difficult to revisit once a price has been agreed on assumptions that depend on it. The readiness of the business, because a buyer prices uncertainty: written contracts, a lease that permits assignment, IP owned by the company rather than an individual, employment terms in writing, records current, and personal guarantees identified. The consents, identified at the outset because they set the completion timetable rather than following it. And the disclosure letter, which defines what a seller is actually exposed to after completion and is routinely left to the last week. None of those has a local answer, and all of them are handled on the documents.
What to Assess in Any Adviser
Four things. Will they settle the structure with your accountant before heads of terms, or simply paper whatever structure appears in them? A solicitor who drafts around an unchecked structure is not serving the client. Will they tell you what a buyer’s solicitor is going to find, before the buyer finds it — and be honest that most of it is fixable in advance and expensive to concede afterwards? Do they raise the items sellers forget without being prompted: release from personal guarantees, continuing liability under an assigned lease, what survives completion? And do they treat the disclosure letter as the seller’s protection rather than an annex to be finished on Thursday? Alongside that, a fifth question worth asking of any firm: do they act for both sides of the same deal? This one does not, ever, and conflicts are checked before any substantive discussion.
Two Free Tools Before You Call
The Sale Structure Check walks the asset-versus-share question and what follows from each. The Readiness Check produces a gap list ordered by what will delay the deal or reduce the price. Both run on your own device — nothing stored, and neither is tax advice.
Selling, Buying, or Still Deciding?
What is being sold, whether an accountant has advised on structure, what is signed already, and whether there are employees and a lease. Conflicts are checked first, so name every party in your first email.
Call 01 5827148