Skip to content
Marín Ortega
EspañolEnglish

Buying or selling a business in Colombia

Prepare for negotiations before making commitments. We advise buyers and sellers on legal risks, transaction structure and the agreements needed to move towards closing.

Talk to us

Based in Bogotá · Advice on Colombian law

Marín Ortega meeting room with a conference table and screen

What does selling a business involve?

It may involve shares or equity interests, selected assets or a commercial establishment. These structures transfer different things and require different steps. Defining the transaction allows the parties to assess approvals, obligations and risks before agreeing on final terms.

Prepare the transaction for negotiation

Define the transaction

We identify what is being acquired or sold, the parties involved, relevant restrictions and the conditions for proceeding.

Review the information

We organise legal due diligence on corporate records, contracts, intellectual property, employment and disputes, as relevant to the agreed scope.

Negotiate the documents

We work on confidentiality agreements, letters of intent and purchase agreements, including representations, warranties, closing conditions and risk allocation.

Prepare closing and transition

We identify approvals, deliverables and post-closing steps. Where required, we coordinate legal work with financial, tax and operational integration advisers.

What to prepare for our first conversation

This information helps us understand the matter and propose the appropriate scope.

  • Proposed transaction and current stage of discussions.
  • Ownership structure and current bylaws.
  • Material contracts, assets and known obligations.
  • Information on employees, disputes and regulatory inquiries.
  • Any offer, letter of intent or confidentiality agreement.

Use the contact form for a general description. We will agree on how to share confidential documents after initial contact.

Common questions

Is a share sale the same as an asset sale?

No. A share sale changes ownership of the shares while the company retains its separate legal identity. An asset or commercial-establishment transaction requires the relevant assets, rights, obligations and formalities to be identified. Each structure needs its own assessment.

Does legal due diligence replace a business valuation?

No. Legal due diligence and financial valuation serve different purposes. The advisers’ responsibilities should be defined so that negotiations reflect both perspectives.

When should legal advisers become involved?

Before commitments on exclusivity, confidentiality, price or closing are made. A letter of intent may itself contain binding obligations, so its wording and effect should be reviewed.

Official references

General information about the service. The applicable rules and course of action depend on the facts and documents of each matter.

Meet the team

Related insights

Advice for a specific need

Explore the scope of our work and what to prepare for an initial conversation.

Talk to us about your transaction

Tell us what you need to resolve. We will review the matter with you and define the appropriate scope of our work.

Talk to us