A commercial purchase is the purchase of a commercial or industrial property or business. It is important to realize that a commercial purchase is more complex than a residential purchase. A Commercial Lawyer or Conveyancing Lawyer will tell you that a commercial purchases involves a wider spectrum of technical legal aspects, including, amongst other things:-
- Tax implications e.g. CGT (capital gains tax), GST (goods and services tax) and Land tax
- Leases
- Goodwill
- Restraint of trade clauses
- Business structure e.g. sole proprietor, partnership, corporation and trust
Skilled Lawyers who have a complete and well-rounded understanding of the law are the best equipped professionals to deal with a commercial purchase.
Please note that our price of $1,250 plus GST plus Disbursements is charged in respect of each separate Contract for Sale that we are required to advise on (so that, if there is both a Contract for Sale of Land and a Contract for Sale of Business that we must consider, then our Fees will be $ 1,250 plus GST plus Disbursements, for each Contract for Sale). In addition, if we are required to advise on any Lease Agreement or Deed of Assignment of Lease, then there will be an additional fixed cost of $ 750 plus GST plus Disbursements, being the cost for advising upon and negotiating the terms of the Lease. At Navado Lawyers and Solicitors, we have over a decade of experience assisting in the purchase of a diverse range of commercial and industrial properties and businesses. We are able to guide and assist you in the commercial, tax and other legal aspects of your purchase. Contact our office on (02) 9233 4048 and arrange an appointment with one of our experienced Sydney Solicitors today.
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