If you are buying or selling a business, it is important to identify what costs will be associated with the final sale price. This is because certain costs such as fees, licenses and council rates may be payable at the time of settlement. In turn, this may increase or decrease the final settlement amount for both parties.
+ rent and outgoings
+ license fees;
+ council rates;
+ existing contracts;
+ employee entitlements
+ prepayments; and
+ water rates.
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