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.

To assist you, LegalVision has created this free Settlement Adjustment Calculator. Use it in the week prior to the agreed completion date to help you identify the final amounts to be paid by the buyer or seller.

This may include such expenses as:
+ stock;
+ rent and outgoings
+ license fees;
+ council rates;
+ existing contracts;
+ employee entitlements
+ prepayments; and
+ water rates.

Download this spreadsheet and enter your anticipated costs to calculate the amount to be paid on settlement completion.

If you need any assistance with your selling your business, LegalVision’s experienced commercial lawyers can assist. Just call 1300 544 755.

About LegalVision

LegalVision is a market disruptor in the commercial legal services industry. Our innovative business model and custom-built technology assist our lawyers to provide a faster, better quality and more cost-effective client experience. LegalVision is a leader in delivering legal services in Australia and has assisted more than 150,000 businesses. The firm was awarded NewLaw Firm of the Year at the Australian Law Awards and named fastest growing law firm in the Asia-Pacific by the Financial Times.

Get Your Free Copy