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A buy and sell business lawyer Edmonton owners can call before they sign a letter of intent.
Buying a business means buying its problems as well as its profits. A buy and sell business lawyer Edmonton owners hire early looks past the price to the lease, the contracts, the liens and the people.
Gupta Law Services acts for buyers and sellers of small and medium businesses in Edmonton and across Alberta. We review letters of intent, run due diligence and prepare the purchase agreement.
Sellers need protection too, especially on warranties and payment terms.
Sets the framework before the full contract.
Review of the business before closing.
The structure affects tax and risk.
Promises about the state of the business.
The structure of the deal decides what the buyer inherits.
A business can be bought in two main ways. In a share purchase, the buyer buys the corporation, including its history and liabilities. In an asset purchase, the buyer picks the assets and liabilities it wants. Sellers often prefer share sales for tax reasons, while buyers often prefer asset purchases for risk reasons.
Due diligence involves reviewing financial statements, contracts, leases, licences, employee arrangements and litigation. Searches, including the Personal Property Registry, reveal liens against the business assets. Findings may change the price or terms.
The purchase agreement sets the price, how it is paid, what the seller promises and what happens if a promise proves untrue. Common features include holdbacks, indemnities, non-compete clauses and transition support from the seller.
Real estate and employees are usually part of the deal. See our real estate lawyers and employment law page.
Whether you are buying or selling.
Buying selected assets and liabilities.
Buying the corporation itself.
Reviewing contracts, leases and finances.
Setting terms before a full agreement.
Buying a franchise and reviewing the agreement.
Selling or transferring to family.
Early review saves surprises.
We learn about the business and what you want from the deal.
We run due diligence or prepare seller documents.
We draft or negotiate the purchase agreement.
We close the deal, transfer assets or shares, and handle the follow-up.
Gupta Law Services is led by Gagandeep Gupta, Barrister and Solicitor, with more than 25 years of international legal experience. We read the fine print on both sides of the table.
We explain risks so you can price them.
If you need a buy and sell business lawyer Edmonton owners can call early, contact our office.
Excellent service, fair fees, and real results. If you need a lawyer who actually listens and acts, choose Mr. Gupta and his firm.
I worked with Gagandeep Gupta at Gupta law services for the closing on my new home, and the experience was truly exceptional.
Thanks to Gupta Law Service, they are helpful and knowledgeable. They did good job in Real Estate Closing
Best service in the town. Gagan Gupta sir makes sure that all questions are being answered, very polite, very knowledgeable.
Very informative and well in knowledge regarding legal issues in Canada for real estate. Highly recommended
What Edmonton buyers and sellers ask. Our buy and sell business lawyer Edmonton team answers them below.
It depends on risk and tax. Buying assets lets you avoid unknown liabilities, while buying shares may be simpler. We advise based on the deal.
A review of the business's finances, contracts, liabilities and legal compliance before you commit.
A document setting out the main terms of a deal. Some terms are binding, such as confidentiality.
Not if the agreement has a reasonable non-compete clause.
Commonly a couple of months, depending on the size and complexity.
Call +1 825-888-1848 or request a consultation online. We are at 8104 160 Ave NW, Edmonton, AB T5Z 3J8. This page is general information, not legal advice.
Send us the letter of intent before you sign.
8104 160 Ave NW, Edmonton, AB T5Z 3J8
Call +1 825-888-1848 to book a time.
