Closing Checklist for an Asset Sale by WorkSession

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Closing Checklist for an Asset Sale

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									                      Closing Checklist for an Asset Sale
[Check all those item that apply to your sale]

Items That Are Relatively Common

[ ]    Bill of Sale

[ ]    Cashier's Check

[ ]    Promissory Note

[ ]    Security Agreement

[ ]    UCC Financing Statement

[ ]    Asset Acquisition Statement (IRS Form 8594)

[ ]    Consent of Entity Owners to Sale of Assets

[ ]    Covenant Not to Compete

[ ]    Employment Contract

[ ]    Consulting Contract (Independent Contractor Agreement)

[ ]    Insurance Certificates for the Policy Covering Secured Assets

Items That Are Less Common

[ ]    Statement Regarding Absence of Creditors

[ ]    Assignment of Lease

[ ]    Assignment of Contracts

[ ]    Assignment of Intellectual Property

[ ]    Escrow Agreement for Post-Closing Adjustments

[ ]    Motor Vehicle Transfer Documents

[ ]    License Transfer Documents

[ ]    Real Estate Transfer Documents

[ ]    Title Insurance Commitment
[ ]   Mortgage or Deed of Trust

[ ]   Name Change Certificate for Assumed Names

[ ]   New Signature Cards for Bank Accounts

[ ]   Name Change Documents for Utility and Tax Bills

[ ]   Powers of Attorney for Absent Signers

Other Items

[ ]   Customer Lists

[ ]   Supplier Lists

[ ]   Trade Secrets

[ ]   Keys to Premises

[ ]   Alarm Codes

[ ]   Safe Combinations

[ ]   Computer Access Codes

[ ]   Keys to File Cabinets

[ ]   Keys to Vehicles

[ ]   Owner's Manuals for Equipment

								
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