Business Purchase/Sale

Overview

Buying or selling a business is a major legal and financial transaction. The process is often about much more than the purchase price. It can involve the business structure, contracts, employee accounts, tax registrations, assets, goodwill, and the practical steps needed to transfer ownership correctly. LM Law & CPA LLP helps buyers, sellers, and business owners approach business purchase and sale matters with confidence. We review the facts carefully, explain what matters most, and help clients prepare agreements and supporting documents that are easier to understand and easier to manage. That can include asset purchases, share purchases, due diligence review, closing documents, and change-of-ownership planning. Business sale and purchase issues often become more complicated when the deal terms are unclear, the tax consequences have not been reviewed, or the parties do not agree on what is included in the transaction. We help reduce that confusion by focusing on the key details, organizing the important terms, and guiding clients through each stage in a practical way. Whether you are buying a business or preparing to sell one, we aim to make the path more straightforward and less stressful.  

Who This Service Is For

This service is for business owners who want to sell a business, buyers who are acquiring an existing company, partners who are transferring ownership interests, and entrepreneurs who want help reviewing the legal risks before closing. It is also useful for clients who need help deciding between an asset sale and a share sale, sellers who want to understand the tax and account closure issues that may arise, and buyers who want to review what they are actually receiving in the deal. Some clients already know the business they want to buy or sell but need help documenting the transaction properly. Others are still comparing options and want guidance before they sign anything. In either case, the process becomes easier when the transaction strategy is clear from the start.  

What We Help With

We help clients with business purchase agreements, business sale agreements, due diligence review, ownership transfer issues, closing documentation, and transaction planning. We also help clients understand what information should be included in the file and what can create confusion if it is missing or inconsistent. A strong business purchase or sale file is often one where the ownership transfer, assets, liabilities, tax accounts, and closing terms all work together as one clear story. When needed, we also help clients review business number changes, payroll account changes, GST/HST issues, and other practical steps that may follow a sale or purchase. If the transaction is already underway or if the facts have changed, we help review the next step and build a more practical path forward. For many clients, the goal is not just to close the deal, but to close it in a way that protects the business and supports the next stage of ownership.