Buying a Small Business in the UK - A Quick Reference Guide

We have created a Legal Management Dashboard that just does that. Once the legal process starts, we will generally invite the lawyers onto our weekly calls and review this dashboard so everyone knows where the project stands. This is not an exhaustive list but covers most of what is needed: Acquisition Documentation - Share Purchase Agreement - Main purchase document - Shareholder Agreement - All encompassing agreement for post-sale relationship if multiple shareholders - Disclosure Letter - Disclosures by the Seller including Disclosure Bundle - Seller Consultancy Agreement - Board minutes of Target - approving the share transfers, PSC changes; appointment of director - Board Minute of Buyer - authorising the acquisition and entry into the SPA - Resolution of Buyer to amend articles for sole director provision - Stock Transfer Form - For Companies House filing Companies House Filings - AP01 - To appoint an individual as a company director - PSC07 - To notify Companies House that a person or entity is no longer a Person of Significant Control (PSC), Relevant Legal Entity (RLE) or Other Registrable Person (ORP) - PSC02 - To give notice of a relevant legal entity (RLE) with significant control

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