SALES DOCUMENTS
Asset Sale Closing Checklist
When closing your business sale, you (the seller) and the buyer should agree on a closing checklist so you both know that all of the bases are covered.
The items on an asset sale checklist will vary from business to business. And, presumably many items are already addressed in the Business Sale Agreement.
You'll find a sample "master checklist" below, to give you a foundation to compile your own unique list for closing.
Related:
View all forms and checklists provided by ExitAdviser.
| Items to Check | Checked |
|---|---|
|
Cashier's Check |
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|
Asset Acquisition Statement (Form 8594) |
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UCC1 Financing Statement |
|
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Consent of Business Owners to Sale of Assets |
|
|
Certificates of Insurance |
|
|
Title Insurance Commitment |
|
|
Assignment of Contracts |
|
|
Assignment of Intellectual Property |
|
|
Customer Lists |
|
|
Supplier Lists |
|
|
Trade Secrets |
|
|
Vehicle Transfer Documents |
|
|
License Transfer Documents |
|
|
Real Estate Transfer Documents |
|
|
Keys to Premises |
|
|
Security Alarm Codes |
|
|
Computer Access Codes |
|
|
Application Administration Access Codes (Login Credentials) |
|
|
Website(s) Access Credentials |
|
|
Keys to File Cabinets |
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|
Keys to Vehicles |
|
|
Safe Combinations |
|
|
Mortgage or Deed of Trust |
|
Escrow Agreement for Post-closing Adjustments |
|
|
Statement Regarding Absence of Creditors |
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|
Powers of Attorney for Absent Signers |
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|
Assumed Business Name [Change] Certificate |
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[New] Signature Cards for Bank Accounts |
|
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Name Change Documents for Utility Bills |
|
|
Owner's Manuals for Office Equipment |
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