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Closing the Deal – Buyer Responsibilities

By the MyBusinessFSBO.com staff

The following is a concise list of buyer responsibilities between the Purchase Offer Contract date and closing day:
  • Finalize financial arrangements
  • Review and sign any necessary lease agreements
  • Apply for licenses and permits as required
  • Comply with any Bulk Sales Laws (requirements vary by state)
  • Prepare any additional legal documentation as required in the Purchase Offer Contract
  • Perform a physical inventory count of all finished goods and/or work in process
  • Conduct a final inspection of all business assets included in the sale
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