Home Forums Starting your journey Sole Trader – two businesses – selling business Reply To: Sole Trader – two businesses – selling business

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As a sole trader, you can only sell each business by selling the assets/IP/customer lists/etc. If you sell everything needed to continue to operate the business it will still be a sale of a going-concern.

As a company you have the choice to sell the business + assets or the company, which can sometimes make it easier to find a purchaser or obtain a higher price.

The difficulty with selling assets is that any contracts (leases, supplier agreements, etc.) will likely need consent to transfer to a different party, this mess is avoided where you are selling a Company.

There is a lot to this so the above is obviously just a quick summary – feel free to get in touch if you would like some further assistance.