How much would the legal side of an MBO cost?

What are likely legal costs of an MBO if we have already agreed 99% between us?

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Can anybody with experience of an MBO advise me on likely legal costs to budget for please? I have drafted a proposal that both parties are happy with but it's the legal costs involved with dealing with the share sale, property lease agreement etc.

We are a firm of accountants by the way-I guess that point is relevant as it is literally just the likely solicitor fees.

Thanks in advance for any help.

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By James Green
02nd Apr 2018 19:58

Piece of string I’m afraid.

Seen everything from £10k - £2m over the last 25 years.

The fact you have Heads of Agreement will help significantly, but the majority of Solicitors will want each side to be independently advised and this, of course, adds cost.

If you have any relationships start there. Other than that, it’s a google job.

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By WhichTyler
03rd Apr 2018 10:12

1. Ask a lawyer
2. Don't forget shareholders agreement between the new owners

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By john cottam
04th Apr 2018 09:52

Why not just ask for a quote? A reputable firm will have a good idea of the work content in completing the deal.

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