A Business Transfer involves the transmission of ownership of a commercial or industrial establishment, transferring all or part of the commercial/industrial activities of an establishment to another person.
This process is commonly used when a business owner decides to cease their activity, change sectors, or simply sell their business. The transaction can include the sale of contracts with suppliers, the maintenance of business records, and even the continuation of lease agreements.
This procedure not only implies the transfer of ownership of the business but also requires a detailed understanding of the legal, financial, and operational implications.
With due attention to detail and a strategic approach, the transfer can be an excellent way to ensure the continuity and growth of an existing investment.
A Business Transfer is an advantageous Investment Opportunity for both sellers and buyers!
Article by Isabel Meireles, LEILOSOC®, dated August 20, 2024.
