Though we are now four years on from the height of the covid pandemic, the Insolvency Service has been diligent in bringing justice to those directors who took advantage of government support schemes for their own financial gain. With 831 directors...
If you are thinking of selling or buying a business an option available would be to conduct this through an asset sale.
When commencing an asset sale the buyer acquires the agreed areas of a business which is sometimes referred to as the target business. For example, a larger corporation could opt to only buy the operations of a business, without the purchase of the company as a whole or the individual shares. The sale can include the target’s contracts and good will or a defined portion of each.
It is a relatively flexible approach for buyers, allowing them to select particular assets instead of acquiring the business as a whole via the share sale route. For the buyer, this type of sale is sometimes seen as less risky, making the contract and transaction simpler.