Closing The Business Sale

The Escrow process is a critical part of the closing. Escrow will register all parts of the transaction and protect the parties. The security interests of the Seller will be recorded via Deeds of Trust and UCC filings. Appropriate Titles will be transferred to the Buyer and properly recorded.

Either Buyers or Sellers attorney can handle escrow. If an attorney is not used, then a private Escrow Company with experience in business sales should be selected.

Goals of Seller:

• To obtain the price and terms
  
• To satisfy buyers Due Diligence
  
• To sign a final Purchase and Sale Agreement
  
• To close the sale and receive payment

(Closing the Business Sale)
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