TREADSTONE LAW · ONTARIO · DIGITAL LEGAL SERVICES · EST. MMXXI ·TSL
The Business Purchase CentreTool

From letter of intent to closing: a working timeline

Enter your target closing date to see when each stage typically needs to happen for a small business purchase. Consents and licences set the pace. Treat the dates as a guide, not a fixed schedule.

What you get. Enter one date and see a 9-step timeline of typical dates for this process, with the step you can act on highlighted. The stages: About 13 weeks before: Letter of intent signed · 12 weeks before: Document request sent and searches ordered · 10 weeks before: Financing application and landlord package submitted · 7 weeks before: Purchase agreement negotiated and signed · 5 weeks before: Licence and franchise applications in · 3 weeks before: Consents landing · 2 weeks before: Franchise disclosure period running (if a franchise) · 3 days before: Closing agenda final; funds in trust · Closing day: Documents released, funds paid, security registered.

Where this is used

In this centreWhat does a letter of intent do when I am buying a business?In this centreWhat should due diligence cover before I buy a business?In this centreShould I buy the assets or the shares of the business?In this centreHow is a business purchase financed, and what will the lender need?

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From your letter of intent to the day the business, the lease and the staff are yours, one clear step at a time.

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Three short emails a week for up to 13 weeks. Joining replaces any other email series from the firm.

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