BizBen Discussions, Comments, Replies About Escrow Closing Issues

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Comments & Replies: 7     Views: 1569     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, Lead Advisor
The only time to get an exact and accurate inventory count, and valuation, is at the time the business is being transferred. To do so beforehand, would mean that any merchandise sold after inventory is taken, but before close of escrow - Peter Siegel, MBA with BizBen & others discuss this topic.
Comments & Replies: 9     Views: 1880     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, Lead Advisor
Business buyers, brokers, owner/sellers all ask this question at some point. So I decided to ask some of the top Intermediaries in the California marketplace what they thought of the idea. Most of the ProIntermediaries on BizBen agreed with me on taking early possession before the close of escrow.
Comments & Replies: 2     Views: 9195     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange Counties
Can a seller of a small business back out of an ongoing escrow? Probably, yes, it all depends how far along the escrow is, which will dictate how messy things will get for both owner & buyer. Joe Ranieri (Southern California Business Broker) gives his feedback with others on this BizBen Discussion.
Comments & Replies: 4     Views: 17256     Posted By: Transactional Attorney  
Once you have successfully negotiated the Asset Purchase Agreement ("APA") for your acquisition it's natural to relax a little and let your guard down. Attorney Specialist Mark Chatow discusses what business buyers should look out for when opening escrow and getting escrow instruction in place.
Comments & Replies: 3     Views: 4723     Posted By: Broker/Consultant  
50% of all California small business for sale transactions fail to complete. Why do businesses for sale fall out of escrow? Joel Miller (a senior care business specialist) discusses his 5 top reason why businesses fall out escrow along with other brokers, advisors on this BizBen Discussion.
Comments & Replies: 3     Views: 2934     Posted By: Broker/Consultant  
Escrow periods vary depending on type of business, licenses involved, and a host of other business for sale factors. Joel Miller (Southern California Elderly Care Home Specialist) initiates this discussion on how long escrow should last and if it's even important on how long it may last.
Comments & Replies: 5     Views: 11176     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange Counties
When should the training of the new buyer of the business actually begin? Before escrow, during escrow, or only after the keys of the business are handed over to the new owner of the business. Joe Ranieri (Orange County Business Broker - Restaurant Specialist at 714-292-5448) starts this Discussion.
Comments & Replies: 3     Views: 5648     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange Counties
What qualities should you look for in a escrow and bulk sale service when buying/selling a business? I often get asked this question by other brokers and business sellers. See what I tell others and what other BizBen Advisors have to say on this topic in this Discussion.
Comments & Replies: 5     Views: 4142     Posted By: SF Bay Area Business Broker  
Comments & Replies: 2     Views: 23710     Posted By: Timothy Cunha JD   Timothy Cunha JD, Business Broker: San Francisco Bay Area
Comments & Replies: 6     Views: 12328     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, Lead Advisor
Comments & Replies: 9     Views: 8004     Posted By: CPA  
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