What is a Share Sale?

hcl---home-page---update---top

A share sale is usually the sale of all the share in a company limited by share.

No TUPE applies- i.e. no statutory consultation with staff pre completion is required

As a buyer caution is needed as you are buying the company as an entity and it is a legal person. Accordingly, any arrears of tax or penalties will attach to the Company and so:

-Due Diligence is required regarding the Company- i.e. full enquiry should be made by the buyer’s accountant and lawyer

-The Share Sale Agreement tends to be lengthy and contain protection clauses for the buyer. The Sellers warrant that matters are in order and as a buyer you can rely on these statements.

A share Sale can be very quick as a transaction as any commercial leases owned by the company do not require a licence to assign from the Landlord, however, the in depth due diligence and lengthy share sale agreement tend to take time to process.

Free Estimate

Quickly obtain a free outline estimate for the assistance you require

left-thumbLet HealthCare Law put together a free estimate for your legal assistance. All estimates are put together by one of our solicitors and are aimed to give you a guide as to what is involved with getting your requirements dealt with quickly, simply and professionally.

[datetime datetime-270 date-format:mm/dd/yy time-format:HH:mm][datetime datetime-271 date-format:mm/dd/yy time-format:HH:mm]