Purchase of a Small Business

• We will meet with you to discuss your proposed purchase of business
• Review the executed agreement of purchase and sale
• Requesting statement of creditors under the Bulk Sales Act
• Requesting a tax clearance certificate under the Retail Sales Tax Act
• Searching for arrears of business taxes, corporations taxes, and other taxes which could form statutory liens
• Conduct other relevant searches including:
     - Corporate status search
     - Business name search
     - PPSA search of vendor
     - Bankruptcy search of vendor
     - Litigation search
     - PST search or clearance (if required)
     - HST search or clearance (if required)
     - Source deductions search
     - Health & safety compliance search

• Search for executions against the vendor
• Review the lease of the business premises
• Negotiate with the landlord and prepare all necessary documentation to assign the lease
• Prepare all closing documents to effectively transfer the ownership of the business
• Deposit, hold and transfer the closing funds through our trust account
• Reporting to the client



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