Once a business sale contract is signed, a buyer or seller may ask how long it will take to close the deal. Howard Stross discusses what can affect a closing date when buying or selling a business.
The timing for closing on a business purchase or sale could depend on whether the buyer is buying real estate and who is involved in the transaction.
Waiting for due diligence to be completed, waiting on receipt of a survey or even a banker’s or loan officer’s schedule could affect how quickly you can close.
If you work with a business attorney like the attorneys at Stross Law Firm, P.A., they will try to give you an estimated time to close based on the specifics of your transaction.