Legal Assistance to Buy a Business

Buying an existing business is a big decision, and while it typically involves more upfront cost, it also presents less risk than starting from scratch. Buying an existing business has many advantages over starting from scratch. For one, it eliminates many of the headaches involved in getting a start-up off the ground, such as developing new products, hiring staff, and building a customer base.

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  • Quick
    Turnarounds

  • Value
    For Money

  • Expert
    Professionals

  • Custom
    Fit Solutions

  • Quick
    Turnarounds

  • Value
    For Money

  • Expert
    Professionals

  • Custom
    Fit Solutions

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HOW DOES IT WORK ?

HOW DOES IT WORK ?

Step 1

We collect and verify the supporting documents & forms required for Buying a business

01

Step 2

Our Buying a business experts draft and prepare the required supporting documents

02

Step 3

We take care of your filing or We take care of your Buying a business

03

WHY CHOOSE LEGALO ?

Quick Turnarounds

Have access to a wide range of quality services at reasonable and competitive prices

Value For Money

We understand Time is the most valuable resource and are flexible and responsive to your requirements

Expert Professionals

We cater to a wide range of services across legal, CA, CS and consulting and bring to the table the most relevant and experienced professional to provide the right solution.

Custom Fit Solutions

We provide customized solutions to meet your unique requirements.

FREQUENTLY ASKED QUESTIONS ?

  • Legalo is a platform to help you connect with the best professionals, legal experts & financial experts to deliver efficient and cost-effective solutions to your business and personal needs.
  • We help create business contracts & other documentation such as Memorandum of understanding, Franchise Agreement, Joint Venture Agreement, Hiring Documentation, Employment Contract, Consultancy Agreement, Freelancer Agreement , including serve legal agreement, Vendor agreements & More.
  • A trademark public search is made in the Indian Trademark Registry database. The search determines whether a proposed trademark is available for use in connection with certain goods or services
  • Yes, GST applies to all service providers, traders, and manufacturers. It is applicable to dealers, bloggers and content writers, earnings from Google through PayPal, import-export businesses, all types of startups companies and organizations whether they are LLPs, proprietorships, partnerships, or private limited companies. Legalo provides assistance in GST registration, GST Filing & GST advisory Services.
  • Legalo offers both Labour compliance & Corporate Compliance solutions, Following are the list of labour compliance solutions. a) Provident Fund Registration b) ESI Registration c) Professional tax Registration d) Shops & Establishment LIcense e) Employee Stock option plan
  • We offer solutions right from Franchise documents review to legal/ financial solutions around buying & selling the franchise. Check out the links for more information.
  • Legalo offers the following solutions Shareholders Agreement : A legal document among a company's shareholders that describes how the company should be operated and outlines shareholders' rights and obligations Company registration: Registration of private Limited Company, LLP, Proprietorship etc. Business terms & Conditions: Business terms and conditions set the contract foundation between you and your customer. . Discretionary trust -An arrangement that gives trustees flexibility and control over how best to use the trust assets for the benefit of the beneficiaries Business Taxes: Accounting & Bookkeeping, Payroll, TDS Filing, Income Tax filing etc.
  • Legalo Connect you with the best industry experts to deliver efficient and cost effective, tailor-made solutions. We also understand that time is the most valuable resource and we offer solutions with a very quick turnaround time.
  • Legalo offers a wide range of services from business, Accounting & Tax to Legal Solutions such as business structuring, company registration, Company licensing, intellectual property, trademark, copyrights registration, Patent Filing, GST & TDS registration/ Filing, Accounting Services, Corporate & labour Compliance , Franchising, Business sale & purchase, Personal/Civil/Property / criminal related legal services & more.
  • We help draft the following A ) Terms of service & Privacy Policies B) Disclaimers C) Joint Venture Agreements d) Data Protection Regulation Policies e) Non- Disclosure Agreements.

FREQUENTLY ASKED QUESTIONS ?

faq

LEGAL BITS YOU SHOULD KNOW

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How to apply?

The following are some steps that you need to keep in mind before buying a business:

  1. Determine the type of business you want to buy

Buying an existing business can be a smart way to expand your company. So, before you even start looking for options, start by knowing exactly what type of business you're looking for. Here are 6 questions a buyer should look for before purchasing an existing business.

  • Why do customers like a business?
  • Is the product or service unique on the market?
  • What is the corporate culture?
  • Do you know enough about the company or industry?
  • Will this new business "fit in" with existing needs?
  • Are there any hidden costs that you are missing?
  1. How do I evaluate a business that's for sale

Once you've found a target, you should do in-depth research to ensure you understand what you're purchasing to ensure that you're not overpaying. Pricing a business can be an emotionally charged decision. If you're about to buy a business, you'll want to know the reason for the sale as this will play an important part in negotiations. Make sure you know as much as you can about the existing business's successes, failures, challenges, and future opportunities. On the other hand, you should never let the seller know how badly you want to buy the business. This can affect the price you pay adversely.

  1. Closing the Deal

By this point in the buying process, you will be intimately familiar with all aspects of the sale. Once the valuation of the business gets agreed upon, the only thing left is deal closure. At this point, all the work has is completed, and there is no more room for negotiation or changes.

  1. After Buying Business

With the final documents completed, contracts signed, and the payment agreement in place, you have completed your new business acquisition. After that, Make sure you disclose the transfer of ownership to all the business's creditors. You will need an action plan to avoid missing the hold at the employees and the motivation of employees towards the new owners and workers. The buyer must interact with the existing employees so that they could work according to the new policies and must recruit new employees if necessary.

How can Legalo help you?

Our partners & associates bring years of experience to the table to help you navigate and deliver these works. Our company can customize a program to meet your specific needs and budget. If you need any legal or professional assistance in searching the right trademark for your business, contact us here.

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