It depends on tax position, liability exposure, and what is being acquired. In an asset purchase, the buyer acquires selected assets and generally leaves historical liabilities behind. In a share purchase, the buyer acquires the company itself — including its liabilities — often with tax advantages for the seller. We review both structures against your circumstances before you commit.
Fees depend on deal structure, value, and complexity. We begin with a fixed-fee strategy session, then provide a written quote for the transaction. Straightforward deals typically start in the low four figures per side; complex transactions involving multiple parties, vendor financing, or earn-outs cost more. You receive a quote before work begins.
Due diligence is the buyer’s investigation of the business before closing — corporate records, contracts, leases, employees, litigation, tax, and liabilities. It confirms what you are actually buying and surfaces risks that should be addressed in the purchase agreement or reflected in the price.
There is no set government form for a business purchase or sale in Ontario, and the agreement allocates significant legal and financial risk between the parties. A business lawyer drafts or reviews the agreement, conducts or responds to due diligence, and manages closing so your interests are protected.
Simple transactions can close in a few weeks. Most deals take longer once due diligence, financing, landlord consents, and third-party approvals are factored in. The timeline depends on the parties’ readiness and the complexity of the business.
