Mergers & Acquisitions...
Merfeld & Schine, Inc.

Selling Your Company, Step 15:
Closing of the Business Sale

Itís payday! Itís a long and winding path to this point. In theory, by the time the closing is scheduled, everything should be well organized by the lawyers. Documents will be signed by the buyer and seller, and by others such as bankers and brokers. Ultimately, ownership is transferred to the buyer.

Oftentimes though, there are loose ends, last minute issues, and other complications. Iíve been to closings that take as little as a half hour and as long as 2.5 days. Iíve only once had a deal collapse at closing: buyer got cold feet an hour before the closing, failed to show up and, forfeited a $25,000 deposit.

Traditionally, closings take place in a lawyerís office with the parties sitting around a big conference table, signing documents, and settling small issues (such as: do you have an extra set of keys for the front door) . Nowadays, many closings are done electronically: using email, fax, and web conference with all the parties at different remote locations.

Additional Information: Transactions Structures

Back to Summary of the Selling Process page

We focus on (but do not entirely limit to) companies with sales in the $1MM to $20MM range located in the New England States: MA, CT, NH, RI, VT, ME.

If any of our M&A services fit your needs, please feel free to contact us for a free consultation without obligations or sales pressure. Fill out this simple form or call us (401-751-3320)

Free initial consultation and evaluation for business sellers

39 Brenton Ave.
Providence, RI 02906
Phone ~ 401-751-3320
Fax ~ 401-489-7339

E-Mail ~

Other Locations