CHECKL IST FOR BUSINESS TAKEOVER Ensure Franchise agreements are assigned Seller Buyer Find out what insurance covers are required and arrange to have them start at settlement. You may then have time to get comparative quotes. Task Start the ball rolling on Employment contracts for staff takeover Talk to the vendor about the best way to handle debtors during the take over and have a system planned, remember you may be recieving money on their behalf Ensure any keys, passwords, security codes etc are exchanged Sign over the current PO Box number Organise petty cash, you may need more for incidentals during week 1 Assign leases for premises Assign leases for vehicles eieio.co.nz
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