A business transfer agreement is essential if you are incorporating and transferring your business from your personal ownership to that of a company.

The business, its assets and its liabilities will not transfer without an agreement to do so.

The business transfer agreement should provide clarity and certainty on:

• What assets are being transferred;
• What the consideration will be; and
• How it will be paid.

There are often tax advantages to incorporating your business but you should seek advice from your tax advisers on whether the advantages outweigh any cost.

If you want further information in relation to the above please contact us.