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Selling a care home business: key points to consider

Tom Lumsden, a partner at CooperBurnett LLP, considers the amount of paperwork required when selling a care home

Selling a care home business, whether by way of a sale of the business as a going concern via a sale of the shares of an existing care home company, or a sale of just the assets, is a major undertaking. Clients who have not sold a business before are often quite surprised and sometimes overwhelmed by the amount of work needed for the sale to proceed smoothly. 

There are many ways in which prudent sellers considering an exit can facilitate the process. The first important step is to involve solicitors and accountants at the earliest possible stage. This will allow the owner to decide how best to structure the sale, taking account of tax advice (which is crucial), and allowing their solicitors to collate and prepare any necessary documentation. 

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Upcoming Events

Care England Conference

Church House Conference Centre, Westminster, London
16th March 2023

UK Care Week

NEC, Birmingham
22 March 2023 - 23 March 2023

The Residential & Home Care Show, part of Health Plus Care

ExCel, London
26 April 2023 - 27 April 2023

Health and Social Care Workforce: Wellbeing, Integration and Sustainability

Kings Place, 90 York Way, London, N1 9AG
18th May 2023

Care & Occupational Therapy Show 2023

Westpoint Arena, Exeter
Tuesday 11th July 2023

The Care Show 2023

National Exhibition Centre, Birmingham
11th October - 12th October 2023

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