Business Sale Check List
The Business is Sold - What to do next?
Here is a check list to help you organise the handover and exit.
For more information and assistance call: (03) 9524 9700
Motor vehicles
- Ownership transfer documents?
- Road worthy?
- Cancel insurance?
Payout leases/mortgages
Business Name
- Transfer of business name (Consumer Affairs)
- Change of company name (ASIC)
Domain names (website)
Change of addresses
Food/Liquor Licences
- Transfer liquor licence
- Food handling permits
- Health inspector reports
Trademarks
- Transfer of Ownership (IPAustralia)
Security/Monitoring Services
- Notifications
- Transfer of accounts
Police registers?
Utilities (Account notifications)
- Electricity
- Gas
- Water
- Rates
Communications (transferred to the purchaser?)
- Land lines
- Mobiles
- Internet service provider
Petty cash
Superannuation accounts
- Staff
- Self
Forward and pre-payments
- Advertising
- Maintenance contracts (aircon etc)
- Trade papers/newsletters
- Newspapers
- Memberships (associations etc)
Insurances
- General
- Public Liability
- Professional Indemnity
- Keyman
- Income protection
Adjustment items
- Debtors
- Creditors
- Voucher sales
- Memberships (customer)
- Credit notes
- Consignments/presales
Workcover
Banking and accounts
- Change names
- Change addresses
- Close/change
- EFTPOS facilities
- Merchant accounts
- Credit cards
Debtors
- Method of collection?
- Retentions?
- Run closing report - digital
- Run closing report - hardcopy
Property Leases
- Assignments or transfers
- Bond recovery
Stock take
- Set date
- Method
- System
- Third party?
Exclusions/adjustments?
Copyright PSBB. November 2008