Closing/transition checklist

searcher profile

July 24, 2023

by a searcher from University of Pennsylvania - The Wharton School in Seattle, WA, USA

Does anyone have a good checklist for minutia items to track to closing for asset sales? I have seen general closing checklists and 90 day type plans but it feels like every day 5 new things get added to my list I wasn't prepping for and I want to make sure I am not missing things that need to be ready for day 1.

Examples of items I am tracking to give a sense of what I am looking for: move utilities to new company, setup fuel cards for fleet, get credit cards for sales group, setup my computer on company's IT system, setup automatic check scanner, training on new bank accounts, order checks, etc.

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commentor profile
Reply by a professional
from University of Houston in Chicago, IL 60610, USA
That is normal--as no deal is the same and depends on a few other factors. My suggestions, try to split up your list into key functional areas. In a subtle way, get as much detail as you can post LOI and during DD leading up to Day 1. Delegate if you have a team. Prioritize each item on your checklist.
commentor profile
Reply by a professional
from University of Southern California in North Palm Beach, FL, USA
Be sure to confer with your lawyer and accountant about the kinds of issues they've seen go wrong for the kind and size of company you're going to acquire.. That kind of specificity is way more valuable than checklists that try to cover the kitchen sink of possibilities.
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