Selling your practice? Key immediate legal considerations.

Exit strategy! Let's go through a few key immediate legal considerations

• What assets of your practice are included in the sale - is p&e/goodwill or shares/units?

• Employees – are they terminating or transferring?

• Tax, GST, CGT and stamp duty.

• Restraint of trade – are you clearing out or do you have another practice close by?

• Are you assisting the practice purchaser before settlement or consulting after settlement?