Buying a business: the documents to prepare before a deal
A practical document checklist for business buyers: organise confidentiality, the offer, heads of terms, due diligence and your adviser brief.
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A practical document checklist for business buyers: organise confidentiality, the offer, heads of terms, due diligence and your adviser brief.
Read the articleWhat should heads of terms cover when buying a business? Work through price, structure, conditions, exclusivity and the points that need legal advice.
Read the articleA 2026 company records checklist covering the register of members, decisions, filings and identity-verification tasks for private companies.
Read the articleUnderstand the different roles of a shareholders agreement and articles, then prepare the ownership and decision questions your advisers need.
Read the articlePrepare an intercompany loan agreement by identifying the lender, borrower, purpose, repayment terms, approvals and tax questions.
Read the articlePlan a shared property investment by separating ownership, funding, management and exit arrangements before choosing documents.
Read the articleCheck ownership, permissions and handover before transferring copyright, a website, software, a logo, a trade mark or a domain name.
Read the articleSeparate the repayment terms, personal or corporate guarantees and asset security when planning business or property finance.
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A partnership is an arrangement where individuals (or other entities such as companies) agree to work together for the purposes of making a profit and advancing their common interests. As…
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Understand what a trade mark protects and how it differs from a company name, domain name or copyright.
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A website consists of content accessible through the internet. The website of a local seafood restaurant could be as simple as a single homepage displaying the business name and logo, a…
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Your website is the first impression that many potential customers will have of your business. For that reason, it is crucial that the site be visually appealing, easy to navigate, and…
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It is critical to understand that once the information you wish to protect has been disclosed to the public, nothing can put the genie back in the bottle and make it confidential again. At…
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Unlike other forms of intellectual property such as trade marks and copyrights, inventions that are available to the public cannot be protected without registration and government approval.
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The first organisational issue to consider when starting a new business is what legal structure to use. There are three basic options to choose from:
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Unlike trade marks, domain names are not technically owned by the user. Domain names must be registered in the domain name system (DNS) database, upon which the registrant is granted the…
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Irish companies generally have two different types of share capital – authorised share capital and issued share capital. Authorised share capital is simply the maximum amount of share…
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As a partnership is not a separate legal entity, its partners share the profits and losses of the partnership business directly. As a result, they are directly assessed for income tax on…
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Creative trade mark licensing can greatly increase a company’s revenues, as well as expand its brand identification and sales reach into territories that otherwise would fall outside of its…
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The success or failure of a business depends on its ability to maintain a competitive advantage, and a company’s competitive advantage often depends on its ability to maintain the…
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A patent is the legal right to preclude another person from making, selling, offering to sell, using or importing any product or process that is covered by the patent. So if you have…
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Although it is much easier to enforce a trade mark if it is registered, it is also possible to seek damages for the common law tort of “passing off”, regardless of whether the trade mark…
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Once a patent has issued on your invention, you will be able to preclude anybody else from using it in the designated countries for the term of the patent. However, you need to maintain the…
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Both charges and mortgages must be “perfected” in order to be valid against the borrower and its other creditors. To be perfected in Ireland, details of the charge or mortgage must be…
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Many great business ideas die on the vine because not enough thought and effort goes into promoting the business and getting customers in the door. Even if you have an innovative product or…
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After spending a large amount of time and money obtaining, maintaining and enforcing a patent, it makes sense to get as much value out of that asset as possible. The most obvious way to do…
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Compare selling a trade mark with licensing it, and identify the commercial terms and ownership checks each route needs.
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Licensing a patent is much more complicated than a simple assignment. In fact, a Patent License Agreement could be one of the most complex agreements any company has to negotiate. But a…
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Intellectual property rights allow you to legally protect the inventions, brands, logos, written material, software, designs and the like that you create for your business. The legal…
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The first step in protecting a trade mark used in your business is to identify the names, brands, logos, etc. that you want to register. However, there is more to this than initially meets…
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If two companies or individuals believe that there are advantages to working together on a targeted business project, they may decide to form a joint venture. For example, if you have a…
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In order to be officially incorporated and begin operating as an Irish company, you must register with the Companies Registration Office (CRO) by filing Form A1 along with your company’s…
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Starting a new business is an exciting process. It begins with an inspiration—an idea about a product or service that you would like to offer. Then you visualise and plan how to bring your…
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Follow the ownership, approval, Stamp Duty and company-record steps for a private company share transfer.
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Almost every company will borrow money at some point to finance its operations. In many cases, the loan will come from a bank. But there may also be times when an individual, such as one of…
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It is not unusual for the owner of a business to lease residential property and offer key employees accommodation as part of their benefits package. While renting a dwelling may seem like a…
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If you are a business owner with the intention of purchasing real property, there may be cases when you need to do so with another person. For example, if you are in partnership with…
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A secured loan, if properly put in place, is backed by the assets of the borrower. This means that if the borrower does not make a payment on the loan or otherwise defaults, the lender can…
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While many businesses choose to lease commercial property in order to retain flexibility and minimize large outlays of cash, there are still times when it makes sense for a company to…
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Turn a due diligence request list into evidence, a clear issue tracker and an informed acquisition decision.
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In the UK, lenders secure their loans through two principal forms of security interest in the borrower’s assets: a charge and a mortgage. The primary difference between the two is that the…
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The shareholders and directors of a limited liability company are normally not responsible for the company’s obligations. This means that a creditor can only look to the assets of the…
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According to the famous axiom, the three most important rules in business are location, location and location. This holds true whether you are in the retail, restaurant, manufacturing, or…
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Define the assets, contracts, people and practical handover needed for a business asset purchase.
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Understand the ownership, liabilities and completion arrangements to investigate when buying shares in a private company.
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If you are setting up a new company, one of the first things that you will need to do is notify the Revenue Commissioners. You will need to do this after the incorporation of your company…
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Every business has certain tasks that need to be performed where it does not make sense to hire an employee to do the work, both because specific skills will be required for a limited…
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Assess the real working relationship before choosing an employment contract or consultancy agreement.
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Bringing a new employee into your business may seem like a very simple proposition. For example, if your restaurant needs a chef, you simply interview candidates and give the best one the…
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Regardless of whether a business is run by an experienced management team or a sole proprietor just getting his feet wet in the commercial world, it may be necessary at times to hire a…
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Websites have become an integral part of running almost any line of business in today’s technology-driven economy. Although it may still be possible to do business the old fashioned way…
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Once you have registered your trade mark in Ireland or another country, no one may use the same or a similar mark in relation to the same class of goods or services without your permission.…
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Prepare a clear brief for the people and external providers your business needs, including scope, ownership and handover.
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The intersection of domain names and trade marks has become a complicated area of the law that you should have some familiarity with when selecting and registering, or buying, a domain…
Read the articleA domain name is the key portion of a website’s internet address. Examples include microsoft.com, wikipedia.org, and subway.ie. As with trade marks, a good domain name will be memorable and…
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Organise the evidence, company approval and replacement record when a share certificate is lost or damaged.
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Nearly every business needs suppliers. If you manufacture products, you need raw materials and components. If you run a restaurant, you need food and beverages. If you own a retail store,…
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To remove as much doubt as possible from any situation requiring the disclosure of sensitive commercial and technical information, a Confidentiality and Non-disclosure Agreement should be…
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In general, buying and selling a patent is much the same as buying and selling a tangible asset. The buyer should perform its own due diligence on the asset to make sure it is buying what…
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Because there are hundreds of millions of domain names that have already been registered, you may have difficulty finding one that you are satisfied with for your business. And even if you…
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Start with the acquisition structure, funding and evidence you need before committing to buy a private business.
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Partnership agreements are used to regulate the manner in which the business of a partnership will be carried on and to regulate the relationship of the partners as owners of that business.…
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Prepare a Companies House confirmation statement using the correct company records, filing date and identity requirements.
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Check whether an AGM is required and prepare a meeting that fits the company’s articles, members and proposed decisions.
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Plan the ownership, clearance and protection of a new business brand before investing in its launch.
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There are a number of advantages to having a partnership. Some of these include:
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A charge is an equitable interest in an asset to secure a loan. It does not transfer ownership of the asset to the lender or require possession of the asset by the lender. If the loan is…
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A mortgage is the most powerful form of security interest because it actually transfers title of the asset to the lender as security for the loan, subject to an agreement to transfer…
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When a person dies without making a will or if their will cannot be located, is deemed false or invalid (for not meeting the statutory requirements), it’s called dying intestate. The…
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A power of attorney is a legal document by which you can appoint and authorize another person (usually a trusted friend, family member, colleague or adviser) to act on your behalf and to…
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No business is an island unto itself—each relies on relationships with third parties to operate efficiently and profitably. In every such relationship, the primary business deal as well as…
Read the articleA ‘limited power of attorney’ is very similar to a general power of attorney except that it imposes specific and sometimes substantial limits upon the authorisation granted to your…
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If you intend to manufacture your own goods, your production operations alone will involve many aspects of starting a new business. You will have to hire employees or independent…
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A ‘general power of attorney’ is virtually unlimited in scope. It allows your attorney to act as your authorized legal representative in relation to the whole cross-section of your legal…
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Product development and sales may get the glory, but it is distribution that is the unsung hero of any business. You can have the best product in the world and thousands of eager buyers,…
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When it comes to selecting forms for last will and testament, you need to be careful. Don’t just choose the first website or legal documents you find online. Do your research. Check out the…
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The Internet is responsible for many things such as providing information quickly and allowing you to make money from your website. It also allows you to create documents online or to have…
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We all know of the importance of estate planning and, in particular, making a last will and testament. However, despite this over 65% of Americans pass away without ever making a last will.…
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Many people believe it’s not necessary to make a will while they’re young, before they have children, or if they’re not married. There might be some truth to this but you should forego…
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When considering an estate planning strategy, planners often fall into assumption that a will is always required. The logic behind this assumption may apply in some cases; however, a number…
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While it’s an onerous obligation, the task of being an Executor for a family member or a close friend can be viewed as a final act of friendship. It’s often humbling that someone trusts you…
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Though we’ve all heard the term, most of us have probably never appointed an Executor or been an Executor for somebody else. Therefore, you may be wondering “What is an Executor ”, “What…
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A will, more formally known as a last will and testament, is a legal document setting out your desires and intentions regarding the distribution of your real and personal property after…
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While you are not required to make a last will & testament it is most certainly something that you should do. It allows you to have a say in what happens to your assets and, in some cases,…
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The duties and responsibilities of executors can be vast. In general, an executor is responsible for managing the estate of a deceased person in accordance with the probate rules and…
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While most state laws don’t have a specific form of last will & testament, all of them have laws which set out the minimum elements required for a last will and testament to be deemed a…
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When it comes to making their last wills, many couples (both married and unmarried) tend to share a common or joint objective in terms of how they would like to see their property…
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State laws set out the specific requirements for executing a last will and testament. These laws are very similar and don’t vary too widely from state to state. A best practice approach to…
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There are two specific methods you can follow when revoking a will. You can either:
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If you fail to make a last will and testament or if you draft an invalid one, you will be declared intestate after you die. If this happens, the intestacy laws of your state of residence…
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Choosing a personal representative is one of the most fundamental elements of any last will. The main characteristics of a good personal representative are good common sense, excellent…
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When it comes to estate planning, you might put it off because you think you’re too young or because you don’t have expensive property. Maybe you just haven’t gotten around to it. The…
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