White SW Computer Law
Intellectual Property, Information Technology & Telecommunications Lawyers
Melbourne Office - PO Box 452, COLLINS STREET WEST Victoria 8007 Australia
Sydney Office - GPO Box 2506, SYDNEY New South Wales 2001 Australia
Telephone: Melbourne Office - +61 3 9629 3709 Sydney Office - +61 2 9233 2600
Facsimile: Melbourne Office - +61 3 9629 3217 Sydney Office - +61 2 9233 3044
Email: wcl@computerlaw.com.au Internet: http://www.computerlaw.com.au

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steve
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-====== ​THE IMPORTANCE OF DOING YOUR OWN ENQUIRIES ​======+====== ​White SW Computer Law Intellectual Property, Information Technology & Telecommunications Newsletter - January 2004 ====== 
 +===== The importance of doing your own enquiries ​=====
 You agreed on a price, signed an agreement and handed over the reins to your business - so what could go wrong? The sale of a business can be fraught with dangers for both vendor and purchaser. In a case where it all went wrong for the purchaser, the parties involved ended up in the Federal Court to have the matter decided. You agreed on a price, signed an agreement and handed over the reins to your business - so what could go wrong? The sale of a business can be fraught with dangers for both vendor and purchaser. In a case where it all went wrong for the purchaser, the parties involved ended up in the Federal Court to have the matter decided.
  
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 A purchase of a business is a complex transaction and a thorough list of all the vendor'​s business'​s liabilities and assets needs to be prepared and verified so that the purchaser fully understands the value of the asset they are acquiring. A range of tax issues need to be considered, including GST issues and comprehensive accounting and legal assistance should be sought to assist in the purchaser'​s assessment of the sale price. A purchase of a business is a complex transaction and a thorough list of all the vendor'​s business'​s liabilities and assets needs to be prepared and verified so that the purchaser fully understands the value of the asset they are acquiring. A range of tax issues need to be considered, including GST issues and comprehensive accounting and legal assistance should be sought to assist in the purchaser'​s assessment of the sale price.
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-**STEVE WHITE \\  WHITE SW COMPUTER LAW \\  January 2004** 
- 
-**www.computerlaw.com.au** 
-**© White SW Computer Law 2004** 
-This paper is a guide only and should not be used as a substitute for legal advice, readers should make their own enquiries and seek appropriate legal advice. 
  

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  This website is a guide only and should not be used as a substitute for proper legal advice.
  Readers should make their own enquiries and seek appropriate legal advice.
  For legal advice please email wcl@computerlaw.com.au