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In a business purchase, legal due diligence is a process of the buyer obtaining and reviewing information about the business and its liabilities and obligations. The buyer can then make informed decisions about whether and how to proceed with the deal. A buyer may want to consider: The Company's Corporate Records Is it buying the proportion of the business it has negotiated and is paying for? Are there any unexpected co-owners? How do any agreements with co-shareholders or op

A business can be acquired either through the purchaser buying the shares in the company or its assets. With a share purchase the company remains intact – it is only its ownership that changes. With an asset purchase, however, the assets of the business change hands and can move to a new company set up by the buyer. Buyer and sellers should make sure they understand the differences in the structures. Reasons why a share purchase deal may be preferred: It may provide favourabl