Glossary
estimate a company for the transfer of the business
Definition : Transfer of a business
The transfer of the of a business consists in selling all the tangible and intangible elements that make up the business. This operation is protected by law and a deed of transfer must be drawn up.
How does the transfer of a business take place?
The sale of a business is subject to strict rules in order to protect the buyer during the transaction. Several steps must therefore be followed in detail so that the transaction is not contested.
La première étape est de faire un inventaire de tous les biens corporels et immatériels, appelé “inventaire des éléments corporels et incorporels du fonds”, pour savoir avec précision ce qui sera transmis lors de la transaction.
The second step concerns the obligation to inform. Indeed, the seller has the obligation to inform his employees of his will to sell.
The third step is the drafting of the promise to sell. This step formalizes the agreement of the parties on the essential conditions of the transfer, such as the sale price.
Finally, the fourth step is the drafting of the deed of transfer.
Before concluding this act of transfer, the seller must therefore proceed with the valuation of his business. Valuing a business for the transfer of goodwill is therefore the first thing to do before embarking on a business transfer project.
You wish to sell your business, do not hesitate to contact one of our experts: contact a XVAL consultant.
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