Tag

Share sales

Selling your business or your company – what’s the difference?

When first speaking to company owners who are thinking of selling up, I am often surprised by how many of them have not thought about the many differences between a company sale (ie selling the shares in a company) and a business sale (ie a company selling its business and assets as a going concern). And even when speaking to quite savvy business owners or accountants and other professional advisors I am often surprised at how they have not appreciated some of the differences between these two types of deals. So, in this series of Guides, I am going to explain lots of ways in which company sales and business sales are different, which you should ideally be aware of if you are a business owner who might ever want to sell (or buy) a business (or a company…).

Goodwill hunting

An example of loose drafting of a warranty liability exclusion clause in a share purchase agreement