Buying or Selling a Business? Here’s How the Closing Process Really Works
About this episode
Shaun Thornton and Ed Alexander discuss the intricacies of the business closing process after a deal is agreed upon.
What actually happens after a buyer and seller agree on a deal? In this episode of Happy Buyer, Happy Seller , Shaun Thornton sits down with business attorney and brokerage partner Ed Alexander to unpack the real-world mechanics of closing a business sale. From escrow deposits and asset purchase agreements to landlord issues, seller notes, earn-outs, and stock sales, this conversation dives into the details most buyers and sellers never fully understand until it’s too late. Sean and Ed share stories from actual transactions, including deals nearly derailed by lease clauses, gift card liabilities, partnership confusion, and contract assignment issues. They also explain why the closing process matters just as much as finding the buyer in the first place. If you're thinking about buying or selling a business, this episode is packed with practical insight that could save you time, money, and serious headaches during the transaction process. 📌Connect or follow Shaun Thornton 👉 LinkedIn: https://www.linkedin.com/in/shaunthorntonbusinessbroker/ 👉 Facebook: https://www.facebook.com/ShaunThorntonBusinessBroker/ 📌Connect or follow Ed Alexander 👉 LinkedIn…
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