Bulk Sale / Business Escrow Process

A bulk escrow, by definition, is an agreement to sell a stock, corporate assets, or a company.  A bulk sale ensures that the seller does not have the opportunity to use the money from the sale for purposes other than taxes or debts owed. If a company is in financial trouble, it can reduce its problems by cutting back on its business and selling part of its inventory or assets.

Below is a ROUGH timeline of a general business with no liquor license transfer. Please note every file is unique to their own circumstances and this timeline may not apply to your specific transaction.
Please note if there is any loans for business this timeline is significantly different. 

IMPORTANT NOTE FOR SELLERS: Seller side can NOT receive their proceeds until their final returns are completed with CADTFA & EDD.  These state organizations will provide releases, when releases are received the seller can receive their final proceeds, and file is OFFICIALLY CLOSED on both sides.