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Buying a Business

A business purchase occurs when one person or entity buys the business assets from another. This typically includes stock, physical assets (like furniture and equipment), and intangible assets such as goodwill, intellectual property, and customer or supplier lists.It's important to distinguish a business purchase from a share purchase:In a business purchase, the buyer purchases the assets of the business.In a share purchase, the buyer purchases the shares of a company, taking ownership of the en...

Shareholder Agreements

A shareholder’s agreement is a legally binding contract between the shareholders of a company that establishes their rights, responsibilities, and obligations to each other and to the company. Private companies with multiple shareholders typically use these agreements to align on company management and direction. It is important to note that a shareholder agreement is separate from the company’s constitution, which sets out the general rules for its operation.Why is it important?A ...

Understanding the Difference Between Cash and Profit

For business owners, distinguishing between cash and profit is crucial for making financial decisions. While these terms are sometimes used interchangeably in casual conversation, they represent fundamentally different financial concepts that can make or break a business.The Basic DistinctionCash refers to the actual money your business has on hand or in the bank at any given moment. It represents your immediate spending power and liquidity.Profit is a financial calculation that measures your bu...

2025 Financial Accounts Checklist

Download our checklists below to assist in gathering the information we need to prepare your annual accounts and tax returns....