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 |