Buying or Selling a Business

Peterson Stark Scott recognizes that the decision to purchase an existing business can change everything for the client who often is putting a significant amount of his or her money and time into the new endeavour. We can assist in this major decision by helping a client obtain the most information about the business before it is acquired. A business purchaser will need advice about incorporation, the terms of the business's existing premises lease, the status of any required licence (including liquor licences) and what "hurdles" have to be cleared in order to obtain financing for the acquisition.

Many of our clients have both bought and sold numerous businesses throughout their business career, and we, therefore, are equally skilled in assisting the seller of a business. We strive to ensure that our vending client can both obtain the desired price and not remain responsible for the liabilities of the business after it is sold.

For well over 20 years, Peterson Stark Scott has acted for a significant number of players in the hospitality industry, specifically the owners and operators of pubs, licenced restaurants and private retail liquor stores. We routinely deal with the unique legal issues that arise from the ownership of a liquor licence, and we can help an established or new license ensure that its commercial structure and land ownership/lease arrangements comply with the requirements of the Liquor Control and Licensing Branch.

To speak with an experienced lawyer about buying or selling a business, call our firm at 800-675-2419 or 604-634-2308, or schedule a consultation online.