We can also assist with determining the best form of purchase/sale (i.e. asset vs. share transaction), negotiation and documentation of financing (including vendor financing, bank financing, and general security agreements), and, when acting for the purchaser, optimal structuring of the purchasing vehicle, whether that is to be a British Columbia company or Canadian corporation, a British Columbia unlimited liability company, a partnership, or a proprietorship.
The current state of the Canadian economy, in combination with Canadian demographics, has resulted many established businesses being available for sale. Whether you are a wage-earning employee hoping to purchase an existing business in order to gain some independence and build a legacy for your family, or an established entrepreneur considering purchasing something that you can improve through efficiency gains and resell, we can advise and assist you.
Conversely, if you are a business owner who wishes to sell in order to retire or to move onto other opportunities, we can ensure that you are aware of your options, and can help you structure the sale of your business so as to maximize the proceeds you receive.
Note that we also act for both franchisors and (potential and actual) franchisees in relation to granting and acquisition of franchise rights; please see our Franchise Law page for further details.
Business acquisitions and sales that we have advised on have included businesses as varied as a small airline, logging operations, restaurants, hotels, vending machine businesses, hair salons and a lingerie store. Regardless of the type of business you intend to buy or sell, we can advise you in a practical and efficient manner.
