Business sales
Buying and selling businesses: the operation, its equipment, its name and its customers.
What it takes
- A small business sold as a going concern
- A franchise resale
- The assets of a business: equipment, stock, contracts and its name
What it leaves
- Shares sold to investors. Selling securities takes a securities registration, which is not on this register.
- Tax and legal advice. Each side brings its own accountant and lawyer.
How a job runs here
These steps make up the job's checklist. Its page shows each one as it is done.
- Who we act for is put in writing.
- Both sides sign a confidentiality agreement before the books are opened.
- The business is valued from its books, and the asking price is set.
- Offer, counter and acceptance end in one letter of intent.
- The buyer's review of the books, leases and contracts is done or waived in writing.
- The purchase agreement is signed and escrow is opened.
- Closing: money, assets and keys change hands, and licenses and leases are transferred.
What backs it
0 of 1 license in place. The full list for every line is the credentials register.
| Credential | Issued by | Covers | Status | Number |
|---|---|---|---|---|
| Real estate broker license, for business sales | The real estate regulator of each state | Brokering the sale of a business, in the states that treat it as real estate brokerage. | Not yet held | None yet |
Rules this line follows
In California the sale of a business opportunity is real estate brokerage, so brokering one for pay takes a real estate broker license from the Department of Real Estate.