A share purchase transaction takes place when an individual or corporation sells some or all of its shares. This method of sale is often favourable to the vendor in comparison to an asset sale transaction, due to the lower tax consequences. For the purchaser there are serious advantages and drawbacks that need to be considered if purchasing shares. For one, the purchaser may have an advantage in negotiating the purchase price, since the vendor may benefit tax wise from a share sale transaction. On the flip side, purchasing shares of an existing company comes with liability risks for the purchaser. One of our lawyers can assist you with navigating your share purchase transaction and help you to ensure that the right protections are in place before your close your deal. Contact one of our experienced corporate lawyers today: 647-930-1518.