Business Purchase & Sale

Having the knowledge and team to help you through purchasing or selling a business can make the process much smoother. Preparation and planning play an important part in successfully purchasing or selling a business. Our team can assist you with all aspects of your transaction, including valuation, cash flow analysis, tax minimization and transition planning.

Purchasing a Business

If you are in the process of or anticipating purchasing an existing business, Legacy Accounting LLP can assist with:

  • Valuations: We can determine the current or projected value of the company you are planning on purchasing by reviewing the existing and forecasted cash flow or earnings.
  • Cash flow analysis: Our expert accountants will work with you to review the cash flows of the prospect business. Understanding cash sources is essential in determining if the business you are purchasing is financially sustainable.  Having a thorough understanding of cash flows will allow you to look for opportunities to improve the outlook for your new business should you proceed with the purchase.
  • Corporate tax structuring: Corporate tax structuring ensures that when you purchase a business, your new company has the best tax strategies in place. We can help address any regulatory, compliance, or corporate structure issues before they arise.

Selling a Business

For those business owners who are selling your company, Legacy Accounting LLP can support the sale of your business with: 

  • Transition planning: Often, the decision to sell your business happens over several years as you have invested a lot of time, money and effort to build your business. It is important to reflect on this when you make the decision to transition the business to the next generation, to a key employee or to a third party. Our team can walk you through the process of selling your business.
  • Capital Gains Exemption Planning: The sale of a business triggers capital gains. Legacy can determine if you are eligible for the Lifetime Captial Gains Exemption to help you reduce the taxes on the sale of your business.
  • Combining asset & share sale options: Our expert accountants can help with combining business asset and share sale options when you are selling your business to maximize the sales price and increase tax savings for you.

We can also support the sale of your business by utilizing safe income, deferrals and reserves. Our tax and accounting experts assist in securing capital gains and other preferential tax rate treatments. We can also utilize losses and other tax attributes within a corporate group.

 

If you are purchasing or selling a business and have questions about how Legacy Accounting LLP can support you, contact our team today.

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Frequently Asked Questions On Business Purchase & Sale

When you're involved in the complex process of purchasing a business, Legacy Accounting LLP offers comprehensive support, including business valuation services, detailed cash flow analysis, and corporate tax structuring. Our team of accountants helps you determine the current or projected value of the company you're considering by reviewing existing and forecasted cash flows. We also ensure your new company has optimal tax strategies in place from day one, addressing any regulatory or compliance issues before they become problems.

Our expert accountants determine the value of your prospective business acquisition by thoroughly reviewing existing and forecasted cash flow and earnings. This business valuation process provides a clear picture of what you're investing in, helping you make informed decisions about your purchase. We analyze financial sustainability and identify opportunities to improve your new business's outlook should you proceed with the acquisition.

Cash flow analysis is essential for understanding whether the business you're purchasing is financially sustainable. Our team reviews:

  • Cash sources and their reliability
  • Historical cash flow patterns
  • Future cash flow projections
  • Opportunities for improvement post-purchase

This analysis helps you identify potential challenges and growth opportunities before finalizing your business purchase.
 

For business owners ready to sell, we provide comprehensive support, including transition planning, capital gains exemption planning, and strategies that combine asset and share sale options. Our team walks you through the entire process, helping you reflect on your years of investment while maximizing your sales price and tax savings. We understand that selling your business is a significant decision that often develops over several years.

The capital gains exemption can significantly reduce taxes when you sell your business. Legacy Accounting LLP determines if you're eligible for the Lifetime Capital Gains Exemption, which can provide substantial tax savings on your business sale. Our tax experts work to secure capital gains and other preferential tax rate treatments, utilizing losses and other tax attributes within your corporate group to optimize your financial outcome.

The decision between asset sale and share sale depends on your specific situation. Our expert accountants can help you combine business assets and share sale options to maximize your sales price and increase tax savings. We analyze:

  • Tax implications of each structure
  • Your eligibility for various exemptions
  • Opportunities to utilize safe income, deferrals, and reserves
  • Ways to optimize the overall transaction structure
     

Business transition planning often happens over several years, reflecting the time, money, and effort you've invested in building your company. Whether you're transitioning to the next generation, a key employee, or a third party, early planning allows for better tax strategies and smoother transitions. Contact Legacy Accounting LLP to discuss your timeline and develop a comprehensive transition plan that meets your goals.

Legacy Accounting LLP brings decades of experience in business advisory services, with specialized knowledge in valuations, tax structuring, and transaction planning. Our team understands that purchasing or selling a business involves more than just numbers—it's about your future and the legacy you've built. We provide personalized guidance throughout every step of the process, ensuring you have the knowledge and support needed to make your transaction a success.

Ready to discuss your business purchase or sale? Contact Legacy Accounting LLP today to speak with our experienced accountants about how we can support your transaction and help you achieve your business goals.