When selling a business, key legal considerations include:

1. Preparation of Financial Statements: Ensuring all financial records are accurate and up to date.
2. Clearance of Debts and Liabilities: Addressing any outstanding debts or legal issues.
3. Transfer of Assets: Ensuring proper transfer of business assets, including intellectual property, licenses, and leases.
4. Employee Entitlements: Managing the transfer or termination of employee contracts and entitlements.
5. Tax Implications: Understanding and planning for the tax consequences of the sale.