Buying a Business: Advice for First-Time Buyers

11/06/2025 13 min Temporada 1 Episodio 15

Listen "Buying a Business: Advice for First-Time Buyers"

Episode Synopsis


In this episode of Listen Without Prejudice, corporate partners Andrew Kavanagh and David Little guide first-time business buyers through the key legal and financial considerations when purchasing a company.

With practical insights drawn from real-world experience, they explore the fundamental differences between share and asset purchases, the importance of early financial due diligence, and the structuring of deals to mitigate risk.

Whether you're navigating deal terms like earn-outs and exclusivity or wondering how to handle seller involvement post-completion, this episode provides a comprehensive overview for anyone stepping into the world of business acquisition.

Perfect for aspiring entrepreneurs, private investors, or business owners looking to grow through acquisition, this episode breaks down complex legal concepts into clear, actionable advice.

Chapter Markers:

(02:00) Share vs. Asset Purchases: What’s the Difference?

(04:00) Funding a Purchase: Financing Options & Pitfalls

(06:00) Due Diligence: The Financial First Step

(08:00) Legal Due Diligence & Structuring the Deal

(10:00) Working with the Seller Post-Completion

(11:00) Employees, TUPE, and Non-Competes

(12:30) Completion Accounts & Retaining Value

Useful Links:

Connect with Andrew Kavanagh on LinkedIn

Reach out to David Little on LinkedIn

Visit the Bishop & Sewell Website

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