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Selling your business

hairyslug · 2023-08-27 10:19:20

I am a sole trader and someone has approached me to buy my business, website and social media pages. Has anyone here been through this and can advise on what precautions I would need to take. I am particularly concerned about the social media pages and GDPR.

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27-08-2023 11:19am

#1

hairyslug

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I am a sole trader and someone has approached me to buy my business, website and social media pages.
Has anyone here been through this and can advise on what precautions I would need to take. I am particularly concerned about the social media pages and GDPR.

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#2 27-08-2023 2:15pm
Gloomtastic!

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Are you asking if you can keep your followers for a new enterprise? That would depend on what it says in the sale contract.

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#3 27-08-2023 5:06pm
hairyslug

Registered Users Posts: 2,591 ✭✭✭

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They would be part of what would be sold. I’m just concerned as I would be passing on their details to a 3rd party.

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#4 27-08-2023 9:28pm
Gloomtastic!

Registered Users Posts: 8,437 ✭✭✭

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Your ‘trading as x’ is owner of the GDPR rights and responsibilities.

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