Sale and Succession of Businesses

Our services:

• Support of partnerships and corporations when it comes to selling or passing on the business
• Advice and representation within the scope of interests in venture capital companies, strategic partners or other investors
• Advice and contract drafting for the purchase of a business concern

Prior to the purchase of a business concern a detailed examination of the company to be purchased is necessary. The overall economic position of the company must be completely recorded and valued. Working together with auditors, tax advisors and technical surveyors (evaluation of the capital and working assets of the company) we can carry out a so-called "due diligence".

A number of valuation procedures can be used for the economic analysis of the company (for example net-value method, breakdown value method, turnover method, liquidation method, the Stuttgart method, methods of capitalising excess profit). In legal terms this means being aware of several problem areas (for example transfer of debts to the new owner of the company, liability of the new owner for company liabilities, exclusion of liability, preclusion period, exclusion of debt, letter of intent, purchase contract, employment law situation (section 613a Civil Code (BGB) - business transition, tax law situation).

Contact:   Dr. Ali Yarayan   Markus Czech