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There are two different ways of acquiring a business. Firstly, you may be able to purchase the assets that comprise the business, such as machinery, property, stock and goodwill, or, secondly, where the business is owned by a company you could buy its shares.
However you decide to proceed, you need to research the business you are buying so you know exactly what you are getting for your money. Rundlewalker can help you with this process. We will glady work with your other advisers, such as your accountants and finance providers.
Importantly, it is vital to plan, not just how to make the acquisition, but also what you envisage for the business once you have bought it. This includes your "exit", that is to say when you eventually want to sell the business or pass it onto your successors. All these factors can influence the acquisition process.
Please contact our Business & Commercial Team for thoughtful and professional attention.
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