BUSINESS TRANSACTION CLOSING COST

Using Escrow Services When Buying Or Selling A Business

There is a lot of paperwork involved in buying or selling a business. It can also be very stressful. An escrow officer specializes in business transactions and ensures that the buyers get everything they are buying, with no hidden debts on the business and that the sellers get their money.

Business escrow procedures differ from the real estate escrow.

If the sale includes a liquor license, then all the money, including what is being paid for the liquor inventory must go through escrow. Also, no funds can be released before the escrow is closed.

WHAT DOES ESCROW DO?

• Purchase/Sale of all types of businesses
• Proration of rent, insurance or taxes
• Collection and disbursement of sales tax
• Transfers of Leases
• Liquor license transfer
• Publishing of bulk sale notice to allow earliest possible closing
• Lien Clearance
• Uniform Commercial Code lien clearance
• Uniform Commercial Code lien clearance
• State Board of Equalization and Employment Development and Certificate of Clearance

BUYER'S CLOSING COST

SELLER'S CLOSING COST