Ensure that all government and council or other requirements relating to the business are complied with. Ensure that all licences and other permits under which the business is run are current and renewable. Carry out a search of your company on the Personal Property Securities Register to ensure there is nothing outstanding. The purchaser will require that any security over any assets included in the sale be removed before settlement Ensure that you perform your obligations under your lease. Can the lease on your business premises be assigned? Will an assignment trigger a rent review? What is the earthquake rating on your business premises Get your customer database up to dateFormalise and document any verbal agreements or contracts. Identify likely purchasers of your business - Are there any businesses buying up and consolidating businesses of your type? Other obligations Get an estimate of stock value and sell or dispose of any obsolete assets and stock that are not essential to the running of the business The original lease documents in respect of business premises should be present and available for inspection. Check employment contracts of employees of the business and their entitlements. Identify key staff who may need to be retained after the business is sold. Seek professional help - Your accountant can assist with valuing the business and can help you identify potential changes you can make to increase the value. Your lawyer can check any lease or employment contract issues and ensure the sale is documented correctly. P L A N N I N G C H E C K L I S T
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