When you use the TTS program you can expect us to provide the following administrative services for your small business transaction.
To use the TTS program, the parties must first produce each of the following documents, (where applicable), concerning their transaction:
a. listing agreement
b. letter of intent
c. purchase and sales agreement and all of its attachments
d. non compete agreement
e. lease
f. lease assignment
g. certificate of good standing for corporate/LLC seller
h. certificate of good standing for corporate/LLC buyer
We will then:
a. check for judgments and liens against the business and its corporate owner;
b. obtain a tax clearance letter from the Maryalnd Comtroller
c. co-ordinate with the Buyer, Seller, Brokers and other advisors to facilitate the progress of the transaction by verifying such things as the contract contingencies and availability of funds for settlement
d. write the articles of sale and transfer
e. write a resolution approving the sale for corporate/LLC seller
f. write a resolution approving the sale for corporate/LLC buyer
g. prepare a bulk sales affidavit
h. prepare a bill of sale
i. prepare a settlement sheet
j. prepare and file UCC financing statements
k. schedule the settlement
l. conduct the settlement
m. produce a settlement package for the Buyer, Seller and Broker (settlement package consists of all the documents produced to us and by us for the settlement)
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