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How to Buy a Business in Canada by ish uttam
by ish uttam
How to Buy a Business in Canadaby ish uttam Here is the Process For Buying a Business:what price do you want to offer?add inventory on top of itnow you have total price for the businesspart of the PSA covers training, share purchase agreement, non-compete, non-solicitsign Purchase and Sale PSA with in an initial refundable deposit of 10% in our trust accountin the PSA you will have 2 weeks for due diligence (employees, suppliers, landlord etc. name will not be disclosed)after the due diligence is done; now you are ready to remove conditionsyou will have to add 10% deposit in our trust account and sign remove conditions docnow your 20% become non-refundableat this point only landlord/bank approval is pending. If landlord/bank does not approve you, then you will get your 20^% deposit backand deal is deadwhen all goes well; buyer and seller lawyers will draw up the final share purchase agreement, non-compete, non-solicit etc for closingbuyer's lawyer sends funds to seller
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ABOUT THIS SHOW
How to Buy a Business in Canadaby ish uttam Here is the Process For Buying a Business:what price do you want to offer?add inventory on top of itnow you have total price for the businesspart of the PSA covers training, share purchase agreement, non-compete, non-solicitsign Purchase and Sale PSA with in an initial refundable deposit of 10% in our trust accountin the PSA you will have 2 weeks for due diligence (employees, suppliers, landlord etc. name will not be disclosed)after the due diligence is done; now you are ready to remove conditionsyou will have to add 10% deposit in our trust account and sign remove conditions docnow your 20% become non-refundableat this point only landlord/bank approval is pending. If landlord/bank does not approve you, then you will get your 20^% deposit backand deal is deadwhen all goes well; buyer and seller lawyers will draw up the final share purchase agreement, non-compete, non-solicit etc for closingbuyer's lawyer sends funds to seller
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ish uttam
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