Intermediary Services
When BizReady, Inc. serves as an Intermediary, it:
- Helps the Seller and Buyer reach agreement on price and terms
- Drafts an Asset Purchase Agreement
- Guides both the Seller and Buyer through their due diligence and any contingencies in their agreement
- Opens and escrow and assists with resolving any questions that arise during the escrow process
- Stays involved until the deal closes successfully
Do You Need an Escrow Service when you Sell or Buy a Business?
Escrow is a service that facilitates the safe exchange of money and documents between two or more parties. You may be familiar with a residential escrow in which there are lien and title searches, expenses such as property taxes are prorated, and loans and money are exchanged.
A business escrow is similar. However, in addition to the items above, a business escrow deals with such things as alcoholic beverage license transfers and successor liability. Read more about Escrow Service when you Sell or Buy a Business.
