Understanding Additional Fees Beyond Your Broker's Commission

When planning to sell your business, most owners focus on the broker's commission. At H&S Business Broker, we believe in complete transparency with our straightforward success-fee-only model - we only get paid when your business sells successfully. However, there are several other professional services required to complete a business transaction that sellers should be aware of when calculating their net proceeds.

A successful Singapore business owner finalizing a sale with their team of professional advisors.

Essential Professional Services

Legal Fees
Every business transaction requires professional legal support to draft and review the Sale and Purchase Agreement. Typical legal fees range from S$2,000 to S$10,000 depending on transaction complexity.

Accounting & Tax Advisory
Your accountant will help prepare financial documents for due diligence and provide crucial tax advice to optimize your position. Budget approximately S$1,000 to S$3,000 for these services.

Professional Valuation (If Required)
While H&S provides a comprehensive initial valuation as part of our service, some situations may warrant an independent formal valuation - particularly for legal proceedings or shareholder disputes. Formal valuations typically cost between S$3,000 and S$7,000.

Government & Administrative Costs

ACRA & Stamping Fees
These are mandatory government fees for transferring business ownership, usually amounting to a few hundred dollars.

IRAS Tax Clearance
If your company has employees, you'll need to obtain tax clearance from IRAS, which involves processing time but minimal direct fees.

The H&S Difference: No Hidden Broker Costs

Unlike some brokers who charge additional marketing fees or retainers, H&S Business Broker includes all our services in our success fee. Our commitment is simple:

  • No upfront fees or retainers

  • No separate marketing charges

  • No termination or breakup fees

  • We only succeed when you succeed

Planning Your Net Proceeds

When budgeting for your business sale, consider these professional services as essential investments in achieving a smooth, legally sound transaction. While the broker's fee is the most significant cost, these additional services ensure your sale completes efficiently and your interests remain protected throughout the process.

At H&S, we guide you through all these aspects transparently, ensuring there are no surprises and you can make informed decisions about engaging the professional support you need for a successful sale.

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