Prompt Law Australia | Contract Review & Commercial Law Firm
- Business Purchase & Sale Law
Business Purchase Lawyers Sydney
Buying or selling a business is one of the biggest financial decisions you will make. A poorly reviewed contract, a missed liability, or an overlooked lease clause can cost far more than the deal itself. Our lawyers guide buyers and sellers through every stage, from due diligence to completion.
Same-day response, and 100% online service across NSW. No Sydney office visit required.
5.0 ★★★★★ | 600+ Reviews
CMI Legal - Est. 2014
Law Society NSW Member
Chatswood Office
Australia-wide & International
- BUSINESS PURCHASE & SALE SERVICES
Every Legal Service You Need When Buying or Selling a Business
A purchase contract is the most important document in any deal. We review every clause in your business contracts, identifying hidden liabilities, unacceptable warranties, unfair restraint provisions, and completion conditions before you commit. We also check the key contracts and commercial agreements the business depends on.
Vendor Due Diligence & Risk Assessment
Before investing in any business, thorough due diligence is essential. We examine financial statements, employment contracts, leases, tax history, licences, and IP ownership to find problems the seller has not disclosed. Where needed, we work alongside your accountant or financial advisor to confirm the numbers and compliance position.
Asset Sale vs Share Sale Advice
Before the formal contract is drafted, a well-prepared Heads of Agreement locks in key commercial terms. Our lawyers draft and review the business sale agreement terms that reflect your negotiated position, confirm the purchase price basis, reduce later disputes, and accelerate the final deal.
Heads of Agreement & Pre-Contract Advice
Before the formal contract is drafted, a well-prepared Heads of Agreement locks in key commercial terms and protects both parties. Our Sydney business purchase lawyers draft and review Heads of Agreement that reflect your negotiated position, reduce later disputes, and accelerate the final transaction.
Lease Assignment & Landlord Consent
Most businesses depend on their premises. When a business changes hands, the lease must be assigned with landlord consent or a new lease negotiated. We review existing lease agreements and business premises terms, manage the assignment, and protect you from unexpected costs after completion.
Business Sale & Exit Strategy
Selling a business requires careful planning to maximise value. We advise vendors on contract preparation, restraint obligations, employee entitlement adjustments, and goodwill protection. We also explain where a business broker fits and how selling a business through the right structure improves your outcome.
- About Our Practice
How Our Sydney Business Purchase Lawyers Protect Buyers and Sellers
At PromptLaw, our business lawyers take a commercially focused approach to every deal. We examine the full picture, from due diligence and deal structure through to completion, not just the contract clauses. Whether you are a first-time buyer, an experienced investor, or a vendor planning your exit, we protect your financial position throughout.
Based in Chatswood and serving businesses across Sydney and NSW since 2014, our team provides fixed-fee expert legal advice with full cost transparency before any work begins. As a law firm built on business law experience, we explain the commercial implications of every decision in plain language. No office visit required.
Fixed fees confirmed before any due diligence or contract work begins.
Same-day response to all business purchase enquiries across Sydney.
100% online service, no Chatswood office visit required.
Plain-language advice Sydney buyers and sellers can act on immediately.
- Who We Help
We Guide You Through, Every Business Transaction
First-Time Business Buyers
Buying your first business? We explain every step from offer to completion, review your due diligence findings, and protect you from the risks first-time purchasers most commonly overlook before signing.
Experienced Investors & Multi-Site Buyers
Acquiring multiple businesses or expanding a portfolio involves complex share sales, employee transfers, and earn-out provisions. We manage the legal complexity so your acquisition strategy stays on schedule.
Business Owners Ready to Sell
Planning your exit? We prepare your sale contract, advise on vendor warranties, manage restraint obligations, and structure completion to protect you from future claims across NSW.
Buyers and Sellers in Dispute
When a deal breaks down, or a warranty claim arises after completion, our commercial lawyers provide fast, practical advice on your rights and the most cost-effective path to resolution.
- Due Diligence Risks
Due Diligence Issues That Kill Sydney Business Purchases
Hidden Liabilities & Tax Debts
Unpaid ATO debts and superannuation obligations can transfer to the purchaser without proper legal due diligence checks.
Unassignable Contracts & Leases
Key customer contracts and lease agreements often cannot transfer without consent, derailing the entire deal.
Employee Entitlement Obligations
Accrued leave, redundancy entitlements, and award obligations under employment contracts must be accurately identified and adjusted at completion.
IP Ownership & Business Name Issues
Tell us about your transaction and timeline. We review early documents, identify red flags, and advise on the optimal deal structure for your business purchase or sale from the start.
- Our Process
How We Handle Your Business Purchase or Sale in Sydney
Initial Consultation & Deal Review
Tell us about your transaction and timeline. We review early documents, identify red flags, and advise on the optimal deal structure for your Sydney business purchase or sale from the very beginning.
Due Diligence & Contract Strategy
We conduct comprehensive legal due diligence, examining business contracts, leases, licences, financial statements, and IP ownership. You receive a clear risk report before negotiations proceed.
Negotiation, Drafting & Pre-Settlement
We negotiate terms on your behalf, prepare or review the final purchase agreement, manage landlord and supplier consents, and coordinate pre-completion conditions, including finance and compliance requirements across NSW.
Settlement & Post-Completion Support
We coordinate completion, prepare adjustment statements, transfer registrations, and ensure a smooth handover. Afterwards, we assist with supplier transitions, stock matters, and any post-completion warranty claims.
- LAWYER VS. GOING IT ALONE
Why Buying a Business Without Legal Advice Is a Costly Mistake
A business purchase looks straightforward on paper until the purchaser discovers the ATO has lodged a tax debt against the business, the landlord will not consent to the lease assignment, or the most important customer contract expires in thirty days. None of these appears in a sales brochure. They only emerge during properly conducted due diligence, which is why having a lawyer review the deal before any payment is committed is essential.
Our business lawyers in Sydney provide fixed-fee services, so you know exactly what advice costs before due diligence begins. With 11+ years of business law experience across every industry in NSW, we identify the issues that affect value, price, and risk before they become problems you manage after completion. We also advise on intellectual property, business structure, and the business contracts that determine what you are really acquiring.
- Review the purchase contract and identify unfair warranties, liability caps, and restraint of trade clauses.
- Conduct legal due diligence on financial statements, contracts, leases, licences, and intellectual property ownership before you commit.
- Advise on the optimal business structure, asset sale or share sale, for your tax and commercial position.
- Manage lease assignment, landlord consent, and commercial leasing obligations well before completion.
- Protect your investment through appropriate warranties, indemnities, and post-completion legal protections.
Fixed-fee business purchase and sale legal services.
Fixed-fee business purchase and sale legal services. Enquire today and receive a response from our lawyers on the same business day. We act for buyers and sellers across NSW with complete cost certainty before any due diligence or contract work begins.
- Why PromptLaw
Why Sydney Businesses Buyers and Sellers Choose Our Legal Team
Business Purchase Law Focus
Our lawyers focus on commercial and business purchase law, giving Sydney buyers and sellers specialist expertise built on 11+ years of transactions across retail, hospitality, professional services, and trades-based businesses across NSW.
Fixed-Fee Pricing
Every business purchase matter is quoted at a fixed fee before we begin. No hourly billing, no surprise invoices. Sydney buyers and sellers know their exact legal costs before any due diligence or contract work starts.
Responsive Service
Enquire today and receive a response on the same business day. Business purchases move quickly, and deadlines matter. Our Sydney business purchase lawyers operate 100% online, so you can access legal advice without visiting our Chatswood office.
11+ Years Experience
Since 2014, PromptLaw, powered by CMI Legal, has helped Sydney business buyers and sellers across every industry, managing transactions from small cafes and retail stores to multi-site operations and professional practice sales across NSW.
- What Our Clients Say
Client Testimonials and Reviews
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- FAQs
Business Purchase FAQs Answered by Our Sydney Lawyers
Do I need a lawyer when buying a business in Sydney?
Yes. Buying a business involves contracts, due diligence, lease assignments, employee entitlements, and licences. A Sydney business purchase lawyer identifies risks, negotiates protections, and ensures the transaction is legally sound before you commit any funds to the purchase.
What is the difference between an asset sale and a share sale?
An asset sale transfers specific assets such as goodwill, equipment, and contracts without the seller’s company liabilities. A share sale transfers the entire company, including its liabilities. We advise on the right business structure for your tax and commercial position.
What does due diligence involve when purchasing a business?
Legal due diligence examines the business’s contracts, leases, licences, IP ownership, financial statements, employee entitlements, and tax position. We provide a written risk report identifying issues to resolve or renegotiate before you proceed.
How long does a business purchase take in NSW?
Most Sydney business purchases take four to eight weeks from a signed Heads of Agreement through to settlement. Complex transactions involving multiple sites, share sales, or regulatory approvals may take longer. Our lawyers work to meet your commercial deadline throughout.
What happens to employees when I buy a business?
Employee entitlements, including leave, redundancy, and superannuation, must be adjusted at settlement. Some employees transfer under the Fair Work Act. Our Sydney business purchase lawyers ensure entitlements are correctly documented and adjusted so buyers face no unexpected liability after completion.
Can a broker prepare my business purchase contract instead of a lawyer?
Brokers act for the seller, not the buyer. Their contracts often lack key warranties, liability caps, and adequate restraint clauses. Our Sydney business purchase lawyers ensure the final contract reflects your interests and protects your investment from the outset of the transaction.
What is a Heads of Agreement, and is it legally binding?
A Heads of Agreement records the key commercial terms of a business purchase before the formal contract is drafted. Some provisions are legally binding, including exclusivity and confidentiality clauses. Our Sydney lawyers draft and review Heads of Agreement to protect your negotiated position.
How are commercial leases handled in a business purchase?
If the business leases its premises, the lease must be assigned with the landlord’s consent or a new lease negotiated. Our Sydney business purchase lawyers review existing lease terms, manage the assignment process, and advise on any unfavourable provisions before settlement is finalised.
- Get Expert Advice
Get Legal Advice Before You Make an Offer on a Sydney Business
Speak with our Sydney business purchase lawyers today. Book a 15-minute quick advice call or a full 45-minute in-depth review. Same-day response, fixed fees, 100% online. No office visit required across NSW.
Quick Advice
In-Depth Review
Buying or Selling a Business in Sydney? Let’s Talk.
Talk to our Sydney business purchase lawyers today. Fixed fees, same-day response, 100% online. We protect buyers and sellers across NSW from the first offer through to settlement and beyond.