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Old 12.08.2021, 13:52
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Buying an existing company process


I want to find out if anyone here has bought an existing company in Switzerland. I am interested in software development and I am investigating the idea of procuring a company that is a SAP contractor.

I would like to find out how they identified their company, reached an agreement and what "experts" are required to get the deal closed.

Many thanks S
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Old 01.11.2021, 12:27
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Re: Buying an existing company process

Dear friends who wants to sell or buy your company with cc finanz und treuhand ag: Please be careful! Below are the experience:

1. Request them to send you their contracts before going to the Signature-appointment. There will be many contracts made by them and to be signed by you to ensure their own benefit and profit. Please read in peace and understand every single sentence in the contracts. If you also have to read all the papers on the spot when signing the paper, don’t be affected by the finance expert and hurry up (expecially if you speak other languages better than German). Because what you are signing can make you bankrupt in person. In the contracts you have to assume private liability for your period for the company you are selling. Which means that for any reasons, if there would be any bills coming for your period, even after 2 years, the bills will be turned to you in person, not to the GmbH or AG.
So to be safe, it’s better to close the GmbH or AG than signing their contract for 500 CHF.

2. Hire a Finance expert to check your accounting before selling the company or ask the authority for the “Definitive Steuerveranlagung” before signing the contract.

CC will request many documents. “Steuerveranlagung” is one of the most important documents. People without much experience may believe that as soon as we have received “Steuerveranlagung” and paid all the bills, for more than 1 year without any bills coming, then it’s clean. Actually it’s not. After closing the business for almost 2 years, and selling the company for almost half year, there may still be “Definitive Steuerveranlagung” coming. Maybe just the authority has done a recalculation, or maybe your old accountant from another Canton has followed the rules of another Canton, maybe many any other reasons. There may be a bill coming in 2 years. Then you will be sitting on the bill in person. CC will claim they will send in private debt collector to you if you don’t pay the bill in due time. No matter what your difficult situation could be.
As finance experts, of course they definitely knew and they definitely know. But they don’t care. Because as soon as you sign the contract the risk is on you. They don’t bother to sort out the things first before takenover, because then they may lose a chance of buying and selling: You might want to close the company instead of selling it, if “ Definitve Veranlagung” or unexpected bills of any could be too much.

3. The correct way should be, as some other Treuhänder are doing: Only sign the „Vollmacht“ contract first. Then the finance expert will start to work. The tax authority will then be informed that the takenover is planned, so that the „Definitive Steuerveranlagung“ will come. This will be then cleared before the takenover. If the „Definitive Steuerveranlagung“ is much more than the initial „Steuerveranlagung“, if the company can not pay the bill, then the best solution is to close the company. Of couse, for the finance expert it’s a loss, becasue they lose a chance to buy and sell a company to earn a profit.

So, dear friends, go for the finance expert that can help you to get out safely. You may have to wait a few weeks or months to be paid by selling the company, a few hundreds of Francs, but it’s safer. Everything will be sorted out in a correct way. Not those just to ensure their maximun benefit and let you sit in the risk of personal bankrupcy.

Why are some people buying companies instead of starting up? I don’t know how much it costs to buy a company. But we started up a GmbH 3 years ago by a start-up company for all the costs together : less than 900CHF (including the commercial register, notar etc.).
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Old 03.11.2021, 11:37
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Re: Buying an existing company process

Thanks for the detailed post.

I think the main reason of taking over a company is that winning new business can be a challenge for a new company due to privacy and reputation. What industry does your GmbH work in?
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company, entrepreneurship, sap

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