Documents relating to the rental situation of the business

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Legal documents required to purchase a business
Several legal formalities must be completed before acquiring a business . It will be necessary to find the premises, select its activity and potentially inform the employees already in place. It is also essential to provide various documents to acquire this business. It will therefore be necessary to find out about the seller and obtain a K-bis extract and a certified copy of the statutes. The business must also be studied. You will be able to learn more about the origin of the property (deed of acquisition), the statements of privileges and pledges encumbering the business, the certificates of registration of trademarks and contracts and the certificates of registration of domain names. Several legal documents are also essential before this purchase.

Accounting documents
It will also be necessary to obtain the accounting and financial file. The balance sheets, income statements and tax returns for the last three financial years are band database useful. Likewise with the documents presenting the monthly turnovers that were achieved between the end of the last financial year and the month preceding the sale. It will also be necessary to have the inventory of equipment and furniture, the leasing or rental contracts if necessary, without forgetting the copy of the equipment loan contracts.

Having these documents will allow you to check whether or not there is a right of pre-emption for the benefit of the municipality. It will also be useful to have a certified copy of the current lease without forgetting the rent receipts issued since the last revision.

Current contracts
When buying a business , the seller must present various contracts. These include the insurance policy, the franchise agreement, the leasing agreement and contracts with certain suppliers. It will also be useful to have the employment contracts of the staff in place, not forgetting the list of staff and the retirement and pension scheme for this team.

Documents related to the Territorial Economic Contribution
It will be mandatory to have the latest CET notice and proof of payment of the various installments made during the current year.

Tips to follow before buying a business
A procedure must be followed to complete the purchase of a business . Several steps are then essential. The first is obviously to search for and find the business. To do this, you have the choice. You can use certain business listing sites, consult the Chamber of Commerce and Industry of your region or the Chamber of Trades and Crafts. Reading the specialized press can also be very useful. You can also write a research letter. This will present your desire to acquire a business and you will explain the coherence of your project, your skills, your contributions, etc. It is also possible to use your network. The seller must also provide specific information to the buyer. This will avoid a risk of consent when concluding the sale. This information is: