Legal documents required to purchase a business
Posted: Wed Jan 08, 2025 4:33 am
Several legal formalities must be completed before acquiring a business . It will be necessary to find the premises, select its activity and potentially inform the employees already in place. It is also essential to provide various documents to acquire this business. It will therefore be necessary to find out about the azerbaijan phone data seller and obtain a K-bis extract and a certified copy of the statutes. The business must also be studied. You will be able to learn more about the origin of the property (deed of acquisition), the statements of privileges and pledges encumbering the business, the certificates of registration of trademarks and contracts and the certificates of registration of domain names. Several legal documents are also essential before this purchase.
Accounting documents
It will also be necessary to obtain the accounting and financial file. The balance sheets, income statements and tax returns for the last three financial years are useful. Likewise with the documents presenting the monthly turnovers that were achieved between the end of the last financial year and the month preceding the sale. It will also be necessary to have the inventory of equipment and furniture, the leasing or rental contracts if necessary, without forgetting the copy of the equipment loan contracts.
Documents relating to the rental situation of the business
Having these documents will allow you to check whether or not there is a right of pre-emption for the benefit of the municipality. It will also be useful to have a certified copy of the current lease without forgetting the rent receipts issued since the last revision.
Current contracts
When buying a business , the seller must present various contracts. These include the insurance policy, the franchise agreement, the leasing agreement and contracts with certain suppliers. It will also be useful to have the employment contracts of the staff in place, not forgetting the list of staff and the retirement and pension scheme for this team.
Documents related to the Territorial Economic Contribution
Accounting documents
It will also be necessary to obtain the accounting and financial file. The balance sheets, income statements and tax returns for the last three financial years are useful. Likewise with the documents presenting the monthly turnovers that were achieved between the end of the last financial year and the month preceding the sale. It will also be necessary to have the inventory of equipment and furniture, the leasing or rental contracts if necessary, without forgetting the copy of the equipment loan contracts.
Documents relating to the rental situation of the business
Having these documents will allow you to check whether or not there is a right of pre-emption for the benefit of the municipality. It will also be useful to have a certified copy of the current lease without forgetting the rent receipts issued since the last revision.
Current contracts
When buying a business , the seller must present various contracts. These include the insurance policy, the franchise agreement, the leasing agreement and contracts with certain suppliers. It will also be useful to have the employment contracts of the staff in place, not forgetting the list of staff and the retirement and pension scheme for this team.
Documents related to the Territorial Economic Contribution