Once a business is sold, there are a number of important steps that need to happen to ensure the entire transfer runs smoothly.

Kelly Legal can help with transfer leases, licences and permits, ensuring tax returns are complete and activity statements and instalment notices are finalised, and cancelling or transferring ABNs or business names, if required. 

The business owner is still responsible for lease agreements and other obligations related to the business until they are completely transferred to a new owner. Licence transfers can take up to 12 months. 

We recommend you contact us in the early stages, when looking to sell or buy a business so we can ensure your business assets are well looked after through every step of the way.  Call 4911 0500 today.