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Equestrian Business Sales

Blackstone Solicitors provides comprehensive legal advice on matters relating to equestrian business sales.

Factors to Consider Before Selling

Valuation: Determining a fair market value for your business is essential. Factors like location, facilities, clientele, financial records, and reputation all play a role. Consider engaging a qualified valuer specializing in equestrian businesses for an accurate assessment.
Tax Implications: Selling your business can trigger capital gains tax. Understanding the potential tax liabilities beforehand allows you to plan your sale efficiently. Consult with a tax advisor to understand your specific situation.
Due Diligence: The buyer will conduct due diligence, thoroughly examining your business records. Ensure your financial records are well-maintained, contracts are up-to-date, and any regulatory compliance issues are addressed.
Finding a Buyer: Several avenues exist for finding potential buyers. Business brokers specializing in the equestrian sector can connect you with qualified candidates. Industry publications and online marketplaces can also be effective.

Key Legal Aspects of the Sale

Confidentiality Agreement: Before disclosing sensitive business information to potential buyers, a confidentiality agreement (Non-Disclosure Agreement or NDA) should be signed. This protects your proprietary information from unauthorized use.
Sale Agreement: The sale agreement is the cornerstone of the transaction, outlining the terms of the sale. A solicitor experienced in equestrian business sales can help draft a comprehensive agreement that addresses all essential aspects, including:
- Purchase Price: Clearly define the purchase price, including any payment structures (e.g., staged payments, earn-outs).
- Assets and Liabilities: Specify which business assets are included in the sale and which liabilities the buyer will assume. Intellectual property like logos and trademarks should be addressed.
- Stock: Determine how inventory will be handled, whether at cost price or market value.
- Staff: Consider employee contracts and potential redundancy issues.
- Restrictive Covenants: These can limit the seller’s ability to compete with the buyer in a specific geographic area for a set period. Seek legal advice on the enforceability of such covenants.

Speak to our expert equine law solicitors today to find out more about how we can assist you. Call us on 0330 808 0849 or allow us to call you back by completing our online enquiry form.

Our Approach

We place huge emphasis on getting things done properly and efficiently. This is especially true when providing legal advice on equestrian business sales.

Equine law is a specialised area of law that encompasses a wide range of legal issues relating to horses. It applies to all aspects of horse ownership, breeding, competition, and the equine industry as a whole. At Blackstone Solicitors, our team understands the unique challenges faced by horse owners, breeders, riders, and equine professionals across England and Wales.

“Fantastic service from Isabella, made a very stressful time as straightforward as possible, explained everything in simple terms and achieved the objective quickly!”

– Anonymous

Why Legal Help is Important

Selling an equestrian business requires careful planning and execution. Blackstone Solicitors can assist you in every step of the process, offering invaluable benefits:

Expert Negotiation: Our experienced solicitors can negotiate favourable terms on your behalf, ensuring you receive the best possible outcome.
Comprehensive Legal Advice: We will guide you through the intricacies of the sale process, explaining contractual clauses and potential pitfalls.
Due Diligence Support: We can assist in preparing for the buyer’s due diligence process, ensuring a smooth and efficient transaction.
Tax Planning: We can work with your tax advisor to minimize potential tax liabilities arising from the sale.

Why Choose Blackstone Solicitors

While a handshake agreement might have sufficed in the past, the equine industry today demands a more formalised approach. Equine law is a specialised area that deals with a wide range of legal issues specific to horses. At Blackstone Solicitors, our team in England and Wales understands the unique challenges faced by horse owners, breeders, riders, and equine professionals.

At Blackstone, we can help to give you the very best chance of achieving the outcome you are looking for. Equine law can often be complex, and it is therefore imperative that you seek expert legal help to ensure any contract you sign, is suitable and correct.

Our Services

We provide various services for horse owners and those involved in the equine industry including advising on commercial agreements and making sure everything is completed thoroughly and without error and is in your best interests.

We can also advise on the following areas:

Get in Touch

Find out more about our services and how our equine law specialists can help you and your by getting in touch today. Simply call us on 0330 808 0849 or complete our online enquiry form and a member of the team will call you back at a convenient time.

We are able to help individuals throughout the North West, the rest of the UK as well as internationally from our offices in Cheshire and London.