Conducting Due Diligence

Before closing the sale, the buyer will likely conduct due diligence to ensure that the business is as represented and free of any undisclosed issues. This may involve reviewing financial records, legal documents, and other relevant information. A lawyer can help you prepare for due diligence and ensure that the buyer has access to all necessary information.

Once due diligence is complete, it's time to transfer ownership of the business to the buyer. This may involve transferring ownership of assets, transferring licenses and permits, and other administrative tasks. A lawyer can help you navigate the transfer process and ensure that all necessary paperwork is completed correctly.

Even after the sale is complete, there may be post-closing issues that arise. This may include disputes over the sale agreement, tax issues, or other legal matters. A lawyer can help you resolve any post-closing issues and ensure that the sale is completed successfully.