PRACTICES FOR SALE

About this Practice

Location: Alternative Business Structure (ABS)

Headline Points
  • The ABS has bank accounts with The Royal Bank of Scotland (RBS) – Office and Clients Account.
  • There is a global professional indemnity insurance policy in place for the existing trading law company which covers the shell ABS, however, application can be made to the company’s broker/indemnity insurers to hive-off the ABS and obtain a standalone insurance policy.
  • The vendor will assist with SRA requirements to include any applications and name change of the business.
  • The vendor will assist with professional indemnity insurance application.
  • There are no premises, staff or on-going client matters attached to the ABS.
  • The vendor will prepare the Sale Purchase Agreement (SPA).

 

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