The same business can be bought two very different ways. The structure you choose decides which liabilities you inherit and how the tax falls.
A business can be bought by purchasing its assets, the equipment, inventory, contracts and goodwill, or by purchasing the shares of the company that owns them. They can reach a similar commercial result through very different legal routes.
Buyers often prefer an asset deal, because they can choose what to take and leave unknown liabilities behind. Sellers often prefer a share deal, for tax reasons and a cleaner exit. Reconciling the two, on price, tax and risk, is the heart of the negotiation.
The time to decide the structure is before the letter of intent, not after. Legal and tax advice together, early, is what protects the value of the deal.
Immigration, family, corporate or cross-border. We will tell you honestly what can be done, and what cannot.
Book a Consultation同一家企业,可以用两种截然不同的方式买下。你选的结构,决定了你继承哪些责任、以及税负如何落下。
一家企业,可以通过购买其资产(设备、存货、合同与商誉)来收购,也可以通过购买持有这些资产的公司的股权来收购。两者能达到相近的商业结果,法律路径却大不相同。
买方往往偏好资产交易,因为可以挑选要接手的部分,把未知责任留下。卖方往往偏好股权交易,出于税务考量和更干净的退出。如何在价格、税务与风险上调和两者,正是谈判的核心。
决定结构的时机,是在意向书(LOI)之前,而非之后。尽早把法律与税务意见放在一起,才是保住交易价值的关键。