Now your sale has gone unconditional this checklist may help you decide what you need to do prior to taking over your business. CHECKL IST FOR BUSINESS TAKEOVER Find out as soon as you can (from your lawyer) how much will be required for settlement including rent, rates and other apportionment and organise to deposit with him/her Seller Buyer Ensure you are registered for GST in the correct title Task Open trading accounts with your bank Organise the changeover for eftpos Check new stationary requirementsbusiness cards etc Open accounts with suppliers so you are ready to start trading from day 1 Change power accounts over- organise any cell phone account charges Check if there is a website host/supply to change Organise petty cash, you may need more for incidentals during week 1 Register new memberships with trade or industry organisations Decide if you are going to advise suppliers and customers of change of ownership and if so, prepare a letter, mail out or advertisement comparative quotes eieio.co.nz
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