How to Buy a Business in Canada by ish uttam
How to Buy a Business in Canada by ish uttam Here is the Process For Buying a Business: what price do you want to offer? add inventory on top of it now you have total price for the business part of the PSA covers training, share purchase agreement, non-compete, non-solicit sign Purchase and Sale PSA with in an initial refundable deposit of 10% in our trust account in the PSA you will have 2 weeks for due diligence (employees, suppliers, landlord etc. name will not be disclosed) after the due diligence is done; now you are ready to remove conditions you will have to add 10% deposit in our trust account and sign remove conditions doc now your 20% become non-refundable at this point only landlord/bank approval is pending. If landlord/bank does not approve you, then you will get your 20^% deposit back and deal is dead when all goes well; buyer and seller lawyers will draw up the final share purchase agreement, non-compete, non-solicit etc for closing buyer's lawyer sends funds to seller's lawyer and deal is closed