If all of the previously agreed-upon terms have been met by the date of closing, then the business deal is able to proceed as planned. On the day of closing, the buyer and seller meet in person in the presence of any and all appropriate or related parties. The paperwork will be signed, the payment changes hands, and the business becomes the property of the new entrepreneur.
For a new business owner, getting ready to close the deal is an exciting moment wherein all of the work, research and commitment required to reach a goal comes to fruition.
