Step 08 of 08
Close with confidence
Closing day is short and procedural — if the prior eight weeks were done right.
For most sub-$1M deals, closing is a mobile notary at your kitchen table or a one-hour appointment at a law office. The buyer signs more paperwork than you do — loan documents on top of the purchase agreement and bill of sale. You sign the purchase agreement and the bill of sale, exchange keys (literally), and the wire hits later that day or the next.
What we don't do: provide legal advice on the purchase agreement itself. That's an attorney's job. We do introduce you to a partner attorney who handles small-business M&A engagements at fixed fees, if you don't already have one.
What we deliver in this step
- Purchase agreement reviewed by your attorney
- Bill of sale executed
- Buyer's loan documents reviewed (SBA-specific addenda)
- Closing escrow / wire instructions confirmed
- Asset transfer logistics: lease assignment, vehicle titles, licenses
- Transition plan: training schedule, customer introductions, vendor notifications
Two ways most sub-$1M deals close
Mobile notary
The notary comes to you. 30-45 minutes at your kitchen table. The wire hits later that day or the next.
Law office
A scheduled appointment, usually 60 minutes. The buyer's lender often requires this for SBA loans.
Need a lawyer to review your purchase agreement?
Exit On My Own partners with a licensed small-business M&A attorney who accepts fixed-fee online engagements for LOI and purchase-agreement review.
Engage our partner attorneyExit On My Own and its brokers do not provide legal advice. Templates, document reviews, and broker guidance are for informational and operational purposes only. Consult a licensed attorney before signing or relying on any legal document.