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Buying and Selling a Business - Completion

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Lawdit Solicitors - Expert Author

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Written on 23 December 2013

The parties have finally signed the agreements and everything has been finalised, but there still remains some matters which need completing. A completion agenda will be put into place which will include, but is not limited to:

  • Buildings and contents insurance (risk passes to the buyer at completion).
  • VAT registration
  • Payroll
  • PAYE
  • National Insurance
  • Transfer of any utility accounts
  • For Share Purchases detailed board minutes dealing with the share transfer and any formal requirements.
  • Preparation of an announcement to the suppliers, customers, employees and the public.
  • Payment.
  • Director resignations and appointments.
  • Transfer of IP rights and real estate.
  • Preparation of completion accounts.
  • Carry out all the necessary filing and complete any practical issues relating to the transfer.

By Muhammed Poswall


About the Author

Lawdit Solicitors offer services and advice for litigation, commercial contracts, Intellectual Property and IT legal agreements. We are experts in commercial law with a heavy emphasis on Intellectual Property, Internet and e-commerce law. Lawdit is a member of the International Trademark Association, the Solicitors' Association of Higher Court Advocates and we are the appointed Solicitors to the largest webdesign association in the world, the United Kingdom Website Designers Association.



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Article Published/Sorted/Amended on Scopulus 2014-02-25 09:14:40 in Legal Articles

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