A buyer will want up-to-date financial information. If you use accountants, you can work with them on making current information available. If you are using an attorney, make sure they are familiar with the business closing process and the laws of your particular state. You might also ask if their schedule will allow them to participate in the closing on very short notice. If you and the buyer want to close the sale quickly, usually within a few weeks, unless there is an alcohol or other license involved that might delay things, you don’t want to wait until the attorney can make the time to prepare the documents or attend the closing. Time is of the essence in any business sale transaction. The failure to close on schedule permits the buyer to reconsider or make changes in the original proposal.
-
Kat
- Seller FAQ
Latest Articles
-
MEMBER SPOTLIGHT: CHRISTINE HOLLINDEN, MBA, CPSM, CEPA, CM&AA05 Aug 2025
-
The New Uncertainty About 'Revenue'05 Jul 2025
-
MEMBER SPOTLIGHT: William Wu, CPA30 Jun 2025
-
Sharevault: Powering Secure M&A Collaboration10 Jun 2025
-
MEMBER SPOTLIGHT: Sunny Erdman09 Jun 2025
-
WC 2025 Session 5 - Trends in Financing You Should Know About07 Apr 2025
-
Speed as the Key to Closing a Deal07 Apr 2025
-
MEMBER SPOTLIGHT: West Clark04 Apr 2025
-
Buyer (and seller) beware06 Mar 2025
-
Building Trust Through Organization and Transparency in the Diligence Process03 Mar 2025