Transition Checklist (Preparing Buyer Entity for Closing)

April 23, 2025

by a searcher from University of Michigan - Ann Arbor in Greenwood Village, CO, USA

Hey All. Looking to see if anyone has a good checklist they've used between signing and closing to manage all the items that need to be set up for the acquiring entity in an asset purchase (new QuickBooks instance, payroll provider, sales tax licenses, bank accounts, employee credit cards, benefits setup for employees, insurance, etc.). Bonus points for anyone with strong opinions on options for employee credit cards.

Reply by a professional
from American University in Irvine, CA, USA

Thanks for the tag, Luke. Hello, Chris. Our checklists tend to be either specific to due diligence, or created for particular closings based upon requirements in the Asset Purchase Agreement. Not sure if exemplars of either of these types of checklists would of any use for you, but happy to provide sanitized ones to the extent they are. And, should you need any other help from the legal perspective, feel free to DM here, and we would be happy to discuss it with you.

Reply by an admin
from Massachusetts Institute of Technology in Portland, OR, USA

^redacted have previously commented on Checklists & Closing and might be able to help here.

+1 more reply.

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