It is said that a business person has two happy moments when they buy and when they sell. So many people, when they sell, are in such a hurry to leave that they leave potential bombs. I have seen issues that spill over long after the transfer. I have seen problems with property rentals and leases on equipment and vehicles. This is why you hire a business agent.
One problem is that your computer software, which in our case, and almost everyone else's, is sold under license. We say that the business holds a business software license. If ABC Pty Ltd buys the software, they have the rights. Now, if ABC Pty Ltd sells the company to someone else. The licence until we are notified remains with the original party; this can cause problems as the new owner does not have rights.
If you have sold your business or brought a business, please notify us.