Are you thinking of selling your business? Did you know most, if not all of the assets must be provided to the buyer free of all claims and charges? But how do you find out what claims and charges might be over your assets?
The Personal Property Securities Register or PPSR keeps a record of all claims and charges placed over your assets.
It is never too soon for a business owner, thinking of selling, to conduct searches of the PPSR to check what security interests have been registered over his or her business.
The PPSR is an online database, but it may be required to search it in different ways. Seeking advice from your lawyer will ensure you identify all registered assets.
If you have any questions about searching the register or any other aspect of selling a business, then please contact us on 07 5443 9988 or [email protected].
Argon Law is a law firm based in Maroochydore servicing the Sunshine Coast, Noosa and the hinterland. We are commercial solicitors, body corporate lawyers and property lawyers and are eager to assist you in any way we can.
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