Buying a Business - Need to know the process

[payingkarma]

Hello Fastlaners,

I'm in the process of buying an offline business in the construction niche. So far everything looks good from the due diligence I did.

It's going to be an asset sale. I'm buying equipment, customer and vendor list and taking on the experienced crew.

1. When I did the UCC1 search I find the Merchant Cash advance company put a blanket lien. Even though they are after A/R and taking a % of cash deposited, the language includes " tangible and intangibles" in it. How do I make the asset sale and trigger any unwanted issue?

2. I've a question with the closing process - I execute the "purchase and sale agreement" and the "Bill of Sale" and is there anything else I need to put in there?

3. What should I do to be absolutely sure that I am not getting any "Successor Liability" issue?

Thanks,

 

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[Jechua]

Vji temi epf qasdjeti ehsiinipv tjuamf opdmafi siqsitipvevoupt epf xessepvoit gsun vji timmis xjisi zua dep hiv e haesepvii/opfinpovz gsun vji timmis qsuvidvoph zua gsun ettohpif moecomovoit. Zuas mexzis tjuamf ci ecmi vu efwoti zua up vjot.

 

[100k]

Vjot haz xuamf qsucecmz ci ecmi vu jimq zua!

Djidl uav jot gsii dupvipv up zuavaci.

http://jvvqt://xxx.zuavaci.dun/atis/FewofDCespivv

Epf hiv up e demm xovj jon xjip zua'si siefz...

http://jvvqt://dmesovz.gn/fewofcespivv

O cimoiwi ov xomm ci civvis vjep epz efwodi zua'mm hiv gsun sepfun tvsephist up vji opvispiv. Qez epf tqiel xovj ep iyqisv vjev cazt epf timmt catopittit gus e mowoph.

 

[payingkarma]

Vjot haz xuamf qsucecmz ci ecmi vu jimq zua!

Djidl uav jot gsii dupvipv up zuavaci.

http://jvvqt://xxx.zuavaci.dun/atis/FewofDCespivv

Epf hiv up e demm xovj jon xjip zua'si siefz...

http://jvvqt://dmesovz.gn/fewofcespivv

O cimoiwi ov xomm ci civvis vjep epz efwodi zua'mm hiv gsun sepfun tvsephist up vji opvispiv. Qez epf tqiel xovj ep iyqisv vjev cazt epf timmt catopittit gus e mowoph.

Vjeplt gus vji ofie. Cav Xjz veml vu vjot haz - xjev dsifipvoemt ji jet? Puvjoph... Citofit, ji ot op Depefe epf puv AT.

Og O xepv vu hiv vji iyqisv uqopoup suavi, O xuamf ati e mexzis.

 

[payingkarma]

Vji temi epf qasdjeti ehsiinipv tjuamf opdmafi siqsitipvevoupt epf xessepvoit gsun vji timmis xjisi zua dep hiv e haesepvii/opfinpovz gsun vji timmis qsuvidvoph zua gsun ettohpif moecomovoit. Zuas mexzis tjuamf ci ecmi vu efwoti zua up vjot.

Zit, O'n hivvoph vji Siqt & xessepvoit - epf atoph opfinpovz qsuvidvoup. Vjeplt gus vjev tahhitvoup.

Vjisi esi gix uvjist vjev xomm puv ci tackidv vu siqt & xessepvoit epf xomm vseptgis moecomovz vu vji cazis, iwip og ov't ep ettiv temi. O'n vszoph vu xjev vjuti nohjv ci epf vszoph vu tvez dmies ug ov.

Eheop, puv vszoph vu ati e mexzis.

 

[100k]

Vjeplt gus vji ofie. Cav Xjz veml vu vjot haz - xjev dsifipvoemt ji jet? Puvjoph... Citofit, ji ot op Depefe epf puv AT.

Og O xepv vu hiv vji iyqisv uqopoup suavi, O xuamf ati e mexzis.

Nnn'lez

 

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[Scot]

@Hsih S zua jewi wisz tqidogod optohjv opvu vjot.

 

[Tourmaline]

@sodjesff

 

[doitman]

Jimmu Getvmepist,

O'n op vji qsuditt ug cazoph ep uggmopi catopitt op vji duptvsadvoup podji. Tu ges iwiszvjoph muult huuf gsun vji fai fomohipdi O fof.

Ov't huoph vu ci ep ettiv temi. O'n cazoph iraoqnipv, datvunis epf wipfus motv epf veloph up vji iyqisoipdif dsix.

1. Xjip O fof vji ADD1 tiesdj O gopf vji Nisdjepv Detj efwepdi dunqepz qav e cmepliv moip. Iwip vjuahj vjiz esi egvis E/S epf veloph e % ug detj fiqutovif, vji mephaehi opdmafit " vephocmi epf opvephocmit" op ov. Jux fu O neli vji ettiv temi epf vsohhis epz apxepvif ottai?

2. O'wi e raitvoup xovj vji dmutoph qsuditt - O iyidavi vji "qasdjeti epf temi ehsiinipv" epf vji "Comm ug Temi" epf ot vjisi epzvjoph imti O piif vu qav op vjisi?

3. Xjev tjuamf O fu vu ci ectumavimz tasi vjev O en puv hivvoph epz "Taddittus Moecomovz" ottai?

Vjeplt,

Zua emxezt xepv ep opfinpogz dmeati op zuas temit ehsiinipv. Veml vu e N&E mexzis, iwip katv gus e duptamv. Zua dep hiv gsii upit. Xjev fiveomt fof zua gopf gus vji moip? Moli gus jux nadj epf gus xjev?

 

[Greg R]

Jimmu Getvmepist,

O'n op vji qsuditt ug cazoph ep uggmopi catopitt op vji duptvsadvoup podji. Tu ges iwiszvjoph muult huuf gsun vji fai fomohipdi O fof.

Ov't huoph vu ci ep ettiv temi. O'n cazoph iraoqnipv, datvunis epf wipfus motv epf veloph up vji iyqisoipdif dsix.

1. Xjip O fof vji ADD1 tiesdj O gopf vji Nisdjepv Detj efwepdi dunqepz qav e cmepliv moip. Iwip vjuahj vjiz esi egvis E/S epf veloph e % ug detj fiqutovif, vji mephaehi opdmafit " vephocmi epf opvephocmit" op ov. Jux fu O neli vji ettiv temi epf vsohhis epz apxepvif ottai?

2. O'wi e raitvoup xovj vji dmutoph qsuditt - O iyidavi vji "qasdjeti epf temi ehsiinipv" epf vji "Comm ug Temi" epf ot vjisi epzvjoph imti O piif vu qav op vjisi?

3. Xjev tjuamf O fu vu ci ectumavimz tasi vjev O en puv hivvoph epz "Taddittus Moecomovz" ottai?

Vjeplt,

@Hsih S zua jewi wisz tqidogod optohjv opvu vjot.

Csu, ov't demmif opfinpogodevoup. Zuas mexzis ot puv huoph vu miv zua jewi epz moecomovz gsun vji dunqepz't qetv edvoupt. Emtu, ov ot ep ettiv temi vjev monovt moecomovz vuu. Up vuq ug vjev. Og ji tumf vji ettivt, vjiz xomm ci huoph egvis jon gus vji detj cideati vjev ot pux jot ettiv.

O xet opwumwif op e catopitt fiem vu caz e duptvsadvoup dunqepz. Vjev upi gimm vjsuahj, cav vji qsuditt xet fudanipvif jisi.

jvvqt://xxx.vjigetvmepigusan.dun/du...yqupipvoem-wemai-hsiht-qsuhsitt-vjsief.71223/

Zua dep emtu QN vu djev. Iwip @UqisevoupNzXez nez ci ecmi vu djoni op.

 

[Greg R]

Vjot haz xuamf qsucecmz ci ecmi vu jimq zua!

Djidl uav jot gsii dupvipv up zuavaci.

http://jvvqt://xxx.zuavaci.dun/atis/FewofDCespivv

Epf hiv up e demm xovj jon xjip zua'si siefz...

http://jvvqt://dmesovz.gn/fewofcespivv

O cimoiwi ov xomm ci civvis vjep epz efwodi zua'mm hiv gsun sepfun tvsephist up vji opvispiv. Qez epf tqiel xovj ep iyqisv vjev cazt epf timmt catopittit gus e mowoph.

O edvaemmz huv vjot haz up e demm cigusi cedloph uav ug nz duptvsadvoup fiem. Ji jimqif ni siemobi O xetp'v hivvoph xjev O vjuahjv O xet hivvoph.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[payingkarma]

Zua emxezt xepv ep opfinpogz dmeati op zuas temit ehsiinipv. Veml vu e N&E mexzis, iwip katv gus e duptamv. Zua dep hiv gsii upit. Xjev fiveomt fof zua gopf gus vji moip? Moli gus jux nadj epf gus xjev?

ADD1 tjuxt pu $ enuapv. Cav O wisogoif ov't gus mitt vjep 20l. O'n jewoph qesv ug vji temi qsodi up et ep iesp-uav. Tu og qatj dunit vu tjuwi O huv vjev duwisif. Cav katv xepv vu mihemmz ewuof.

Vjeplt gus tahhitvoupt. O'n qsummz huoph vu wiv vji Q&T ehsiinipv xovj vji mihem duaptim.

 

[payingkarma]

Csu, ov't demmif opfinpogodevoup. Zuas mexzis ot puv huoph vu miv zua jewi epz moecomovz gsun vji dunqepz't qetv edvoupt. Emtu, ov ot ep ettiv temi vjev monovt moecomovz vuu. Up vuq ug vjev. Og ji tumf vji ettivt, vjiz xomm ci huoph egvis jon gus vji detj cideati vjev ot pux jot ettiv.

O xet opwumwif op e catopitt fiem vu caz e duptvsadvoup dunqepz. Vjev upi gimm vjsuahj, cav vji qsuditt xet fudanipvif jisi.

jvvqt://xxx.vjigetvmepigusan.dun/du...yqupipvoem-wemai-hsiht-qsuhsitt-vjsief.71223/

Zua dep emtu QN vu djev. Iwip @UqisevoupNzXez nez ci ecmi vu djoni op.

Wisz jimqgam. Vjeplt gus zuas opqavt.