Are you purchasing the: Assets of an existing business Ownership interest on an existing business What type of entity currently owns the business:If you are purchasing a business, please fax any agreement which has been offered to you by the Seller to Spiegel & Utrera, Ltd. Also please fax the Incorporation Documents to Spiegel & Utrera, Ltd.. at 08 00 169 2300. If you are purchasing the assets of a business, please list the most important considerations you would like Spiegel & Utrera, Ltd. to cover in the Business Purchase Agreement. For example, leases, equipment, assets, inventory, restrictions, non-competition, telephone numbers, trade name, customer lists. List those areas that you consider most important:
At Spiegel & Utrera, Ltd., we strongly advise clients to thoroughly examine all bank statements of any business they desire to purchase. The purpose of such examination is to authenticate the sales of the business and to determine the quality of the customers of the business. For example, a business with a lot of returned checks from customers would indicate that further investigation may be required to determine the quality of a customer base.
If the business premises are leased, have you seen a copy of the lease? In all cases where a business is located at leased premises, the lease must be reviewed to determine the length of the lease and other options within the lease that are being afforded to Tenant. Never sign any document to obligate yourself to purchase the assets of a business or the ownership interest of a business without first having allowed Spiegel & Utrera, Ltd. the opportunity to review the documentation and advise you.