Through our practical communication with merchants and business owners, we noticed that some companies are required to buy for several reasons, including financial reasons for taking loans from banks, because banks do not disburse loans to newly established companies, and the company must be in existence for a period of not less than one or two years, according to the requirements,,,
Or for technical or legal reasons, because some of the requirements of some non-Egyptian countries to open a branch inside it stipulate that the company has been established for more than two years, or for any other reasons other than financial or technical..
Here, the business owner is looking for solutions, and one of the best solutions at the time and the safest legally is to search for buying companies whose owners do not need them, and instead of the company being liquidated, the best of them would be to sell the company, enter new partners, and exit old purchases, and the register remains preserved with its old registration date. ,
Here, it is necessary to examine the company with a careful legal and accounting examination, and to know some basic matters before completing the purchase process, including:
- Examine the commercial register and request a recent extract from it.
- Examination of the tax card.
- A request for the company's basic articles of incorporation and amendment contracts, if any, for examination.
- Investment newspaper in the case of fund companies and publication in the Official Gazette in the case of private companies.
- Ensure that the Chamber of Commerce subscription fees are paid until the year of sale.
- Examination of tax returns for the latest declaration and tax status certificate.
- Examination of the added value, if any, and examination of all tax returns and ensuring that it is not necessary to register in the added value for the activities in the commercial register in the event that the company is not registered in the added value
- Examine the company in terms of insurance and ensure that it is registered or not registered in the insurance
- Examination of financial statements
- Request any licenses for the company, if any
- negative testimony
- View all labor contracts in case the company is registered with the insurance and make sure that its insurance is paid in a committed manner and that there are no debts
- Ensure the existence or absence of a bank account for the company
- Ensure that there are no agencies in the capacity of the company
- And there are some other things that must be taken into account before completing the purchase process or even negotiating the sale price of the company so as not to complete the purchase process and collide with obligations that were not taken into account or the company is bought at an exaggerated price …….
