A business sale involves far more than a property transfer. Our team manages the conveyancing side of a business transaction - lease assignment, PPSR, business name transfer, goodwill, and equipment - coordinating alongside your accountant and broker to deliver a clean, complete settlement.
We handle the legal and conveyancing components of a business sale or purchase, working alongside your accountant and business broker to ensure all elements of the transaction are transferred correctly and completely.
We manage the transfer of the business name registration with ASIC - ensuring the name is correctly assigned to the buyer at or following settlement.
Where the business operates from leased premises, we prepare and manage the lease assignment from vendor to purchaser, coordinating with the landlord and their legal representative for consent and execution.
We conduct Personal Property Securities Register (PPSR) searches to identify any security interests registered over the business assets - and manage the release of those interests before settlement to ensure the buyer receives clean title to the assets.
We document the transfer of goodwill and equipment as part of the broader sale and purchase agreement, ensuring that the allocation of purchase price between assets is correctly recorded and consistent with your accountant's advice on tax treatment.
Whether you are taking over a cafe, restaurant, retail shop, warehouse, or any other commercial premises, the lease is at the heart of the deal. We manage the assignment of the existing lease or negotiate a new one, coordinate landlord consent, and ensure the premises are properly secured before settlement.
We advise on the novation of key contracts and supplier agreements from vendor to purchaser, and flag employment obligations where a business with staff is being transferred as a going concern.
Purchasing a business is a significant commitment. Before settlement, we ensure that the assets you are buying are free of encumbrances, the lease is correctly assigned, and every element of the deal is properly documented. We work closely with your accountant on the allocation of purchase price and your broker on the deal structure.
PPSR search over all business assets and stock
Review of lease terms and landlord consent requirements
Confirmation of business name availability and transfer eligibility
Review of vendor warranties and restraint of trade clauses
Advice on conditions precedent and settlement timing
When selling a business, your obligations do not end with shaking hands on a price. We ensure every security interest is discharged, all required notices are given, and the documentation is executed correctly - so you can exit cleanly and confidently.
Discharge of any PPSR security interests over business assets
Assistance with lease assignment consent from the landlord
Preparation of settlement adjustment statement
Business name transfer or cancellation at ASIC
Coordination with your accountant on GST and tax obligations
A business sale is a team effort. Our role is the legal and conveyancing side - the lease, the PPSR, the name, the documentation. Your accountant handles the financial structuring and tax. Your broker manages the deal negotiation. We communicate openly with all parties so nothing is duplicated and nothing is missed.
Not always. Some business sales involve only the sale of business assets - goodwill, equipment, stock, and business name - without any real property. Others involve a property sale (if the vendor owns the premises) or a lease assignment (if premises are leased). We advise on the conveyancing and legal components relevant to your specific transaction structure.
The Personal Property Securities Register (PPSR) is the national register of security interests in personal property - including business assets, equipment, vehicles, and stock. Before purchasing a business, a PPSR search is essential to reveal whether any lender or creditor has a registered security interest over the assets you are buying. If a security interest is not discharged before settlement, the buyer may take on the encumbrance. We conduct PPSR searches and manage discharges as a standard part of every business purchase.
In almost all cases, yes. Commercial leases contain assignment clauses that require the landlord's consent before the lease can be transferred to a new tenant. The landlord typically has the right to assess the incoming tenant's financial position and business experience before granting consent. We manage the assignment process - drafting the consent documentation and coordinating with the landlord's legal representative - as part of your business sale transaction.
Call our team for an initial conversation.