Business transfer in Slovakia
Every year about 450,000 companies make business transfers in the world. However, these transfers are not always successful. According to the European Commission, supporting transfers of business is very important for the economy of Europe as a whole.
The business transfer can be divided into two key stages: In the first stage, the seller establishes a new company in Slovakia and transfers the target business to this company. Second, the seller finds a buyer who acquires equity capital to start owning the new company, thereby becoming the owner of the business. The business transfer can be a profitable business decision and bring you tangible profits in the future. Our economists can advise you on this topic and give you advice on how best to do it in Slovakia.
We will do our best to transfer your business without wasting time and large financial costs. We have the necessary knowledge and experience regarding the transfer of the business in Slovakia. Contact us and submit your needs.
Transfer agreement and documents
Transaction documents must include memoranda of understanding (MOU), master agreement, shareholder agreements, and other agreements to affect the transfer of business and the proposed transaction.
It is necessary to describe in detail the status and performance of the acquired business. A list of assets with detailed descriptions of assets, commercial contracts, etc. every single detail should be written in your contract. The right of the purchaser of the business to manage, control, and verify the status of the transfer of business should also be specified. Transactional documents must provide an appropriate mechanism for dealing with these scenarios. And, as with any such transaction, the transactional documents must contain details of how the buyer can take over the management of the business, including the required registration procedure, the appointment of key management positions, decision rules, etc.
Key points of business transfer
To be 100% prepared It is necessary to know all key points to note before the business transfer.
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