Buying & Selling a Business in British Columbia
Buying and selling a business is a complex affair. There are many aspects to consider, from the structure of the deal to financing and your contractual obligations.
Successfully navigating this complexity requires good business sense, strategy, and ongoing guidance from trusted experts. At EKB, we have over 50 years of experience helping clients obtain favourable outcomes. Whether you’re looking to purchase a promising business or to achieve a successful exit, we can help.
Important considerations, common pitfalls to avoid, and proven strategies are included in our in-depth guide, Buying and Selling a Business in BC, available at the link below. Some of the topics covered include:
Building A Team
People looking to buy or sell a business are talented and skilled business operators. What they don’t usually have, however, is a wealth of experience going through the process of buying or selling a business. For this reason, it can be critical to assemble the right team of experienced advisors. Even a veteran dealmaker with multiple successes will want or have a good team to act as a sounding board and to ease the administrative burden of managing the details that go into a deal.
Key roles you will need to ensure are expertly staffed are risk management, market intelligence, deal marketing, project management, and taxation. Different types of advisors you’re likely to encounter on a deal include: legal counsel, accountants, investment banker/broker, and other specialists.
Closing The Transaction
After weeks or months of tough negotiations, an exhaustive due diligence investigation, and multiple meetings with regulators, advisors, and consultants, the parties have agreed on terms and finalized the documents. All that is left between you and the purchase or sale of this great business is the much anticipated “closing.” But wait, what exactly does a closing entail?