Commercial Asset Sale

An asset sale transfers specific pieces of a business, like equipment, inventory, contracts, customer lists, or goodwill, rather than transferring ownership of the business entity itself. That distinction matters because it changes what actually needs to happen at closing. Instead of a single deed changing hands, you're often dealing with a list of assets that each need to be accounted for individually.

Because the assets involved can vary so much from one deal to the next, the escrow instructions for an asset sale tend to be more detailed than what you'd see in a straightforward property sale. We coordinate lien searches, including UCC filings, to confirm what's actually encumbered before the sale closes, prepare a closing statement that reflects how the purchase price is allocated across the different assets, and make sure any required notices or third-party consents are handled before funds are released.

Asset sales also sometimes involve payment structures beyond a simple lump sum, like holdbacks or earnouts tied to future performance. When that's part of your deal, we build the escrow instructions around exactly what you've agreed to, so the release of funds matches the terms rather than a generic timeline.