Seller’s Estimate of Proceeds   If you are selling in a state with business sales regulated by the state, you may be required to initial one of these showing that the broker gave you an estimate of your proceeds at your asking price and terms. Local customs vary.     Purchase price   less Attorney- for document preparation, attending closing, title/lien searches, UCC release, vendor release Accountant- preparation of due diligence package, up to date P&L, organize books & records, tax return copies Broker- prepaids, advertising, flat fee, buyer broker fee, M&A fees, (get a release, paid in full at closing) Inventory proration Accounts payable Outstanding loans/leases/service contracts/advertising contracts Inspection repairs required to equipment, structure, software, zoning compliance   plus Prepaid rents, insurance, utility deposits, advertising, Receivables, either you are taking them or leaving them...       Total is seller estimated proceeds.     Don't forget the allocation basis. That may be worth more after the closing...       Bizology - the study of business for sale Bizology.com email to : info [at] bizology [dot] com Chambersburg, PA 17201-1712       BUYING* * FOR SALE * CONTRACTS - FORMS * FINANCIAL * REFERENCE * TAX - LEGAL * BOOKSTORE * * SELLING * | buyer questions | buyers ask | seller finance | business disclosure | seller proceeds | | information list short | business information long | records needed | seller questions | seller non-disclosure | | seller carryback notes. | seller mistakes | partner fraud | business requests | | main index | | you are in SELLING now |