We have business lawyers who are experienced in all areas of business exits. Selling, leaving or exiting from a business can arise in any number of ways including via a sale of the business, sale of your interest in the business for example sale of your shares to an existing business owner or by winding up the business. The reasons for exiting can include changes in structure, loss of motivation, profit declining or to retire and realise the capital growth in the business.
Another common scenario is Partnership dissolutions. Partnership dissolutions are often complex and emotional but they can also give rise to various taxation and risk issues. Transfer duty may arise and documentation needs to be thought through to minimise duty.
Our business lawyers have acted for various business owners in all circumstances of their exit from a business. In particular, we know how to advocate and negotiate in circumstances where the exit of the business is not pleasant, or is due to a strained relationship with other business owners, or is forced upon you due to economic conditions.
Our business lawyers are here to help you maximise your financial gain and to assist you in stressful and uncertain times. The risks of getting the exit arrangements and documentation wrong are significant. Exiting a business needs to be thought through and can involve strategy more so than just legal work. We are experienced business lawyers, who have seen it all before and know how to apply strategy to difficult negotiations and circumstances.
Take for example personal guarantees. What will happen to them after you exit from the business? Will they continue, will you still have exposure to creditors who call on the guarantees or can you reduce that risk by getting an indemnity from a co-owner or by asking for the personal guarantees to be released.
We want to help you. We are dedicated and passionate business lawyers with offices in Townsville and Cairns but servicing all of Queensland. Our Townsville business lawyers are on the ground, at the coal face assisting business clients every day of the week. We can help you avoid costly mistakes. Our business lawyers can assist you achieve better outcomes and manage the risks of exiting a business. Call us today on (07) 4724 1016.
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