sales of businesses n.
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SALES OF BUSINESSES ! - PowerPoint PPT Presentation

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SALES OF BUSINESSES !
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  1. SALES OF BUSINESSES! Presented by Kingsley Kingon

  2. SALES OF BUSINESSES • Are we selling assets or shares? • Get help!

  3. SALES OF BUSINESSES • Who are the parties? • Authority to sign • The assets being sold • Goodwill and restraint clauses • You can’t “sell” liabilities

  4. SALES OF BUSINESSES • Sale of book debts • Excluded assets • The Price • Allocation of the Price • Stock

  5. SALES OF BUSINESSES • Payment of the price • Security • Acceleration Clause • The Effective Date • Trade Marks

  6. SALES OF BUSINESSES • Suspensive Conditions • Franchises • The Lease • Liquor Licences • Cut-off Dates

  7. SALES OF BUSINESSES • No Closing-down Sale • Voetstoots • Warranties • Staff and the L.R.A • COMMISSION!

  8. SALES OF BUSINESSES • Electricity/Water/Phone • VAT • Advertising the Sale • Why advertise? • What is a “trader”?

  9. SALES OF BUSINESSES • Company or CC “to be formed” • Sundry other clauses • What if land and buildings • are included in the sale?

  10. SALES OF BUSINESSES • QUESTIONS?