A corporation or an individual can buy, from one or more shareholders, enough or all of the shares of another corporation to gain control (control of votes at shareholder meetings to appoint the board of directors and ensure the management of the corporation).

The acquisition of a business can also be done by purchasing the assets owned by the corporation or an individual. These assets are the "business assets" of the company, including its buildings, equipment, inventory, accounts receivable, customer base, name, etc.

In the case of a share acquisition, the buyer becomes the owner of the corporation that holds the business assets. In the second situation, the business assets will directly become the property of the buyer (corporation or individual).

We invite you to consult a professional from the team of Notaire-Direct to help you successfully complete the acquisition of a business. This acquisition requires many steps, such as signing a confidentiality agreement, conducting a preliminary due diligence to draft a letter of intent or an offer to purchase, conducting a more thorough due diligence after acceptance, and finally, the sale agreement and related contracts (lease, warranties, employment contracts, etc.).

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