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- Remove any items not included in sale and replace, if necessary
- Check regulatory compliance status lease
- Review and accept offer from Buyer
- Review all Sales Contract documents
- Letter of transfer (introduction to patients) with Buyer's approval
- Contact Lessor regarding lease-assignment or new lease in Buyer's name
- Set up meeting between employees and Buyer
- Employee Issues
- Prepare statement of benefits due employees
- Avoid giving raises; allow Buyer to give raises
- Wind up retirement plan contributions (if applicable) to allow Buyer to come with a clean slate
- Pay employees for any unused vacation/sick leave
- Determine how Accounts Receivable will be collected
- Pay off any credit balances to patients
- Transfer any contracts relating to the practice to Buyer
- Transfer Seller's unemployment rate to Buyer if beneficial to Buyer (see CPA) if, after closing date, Seller will not be paying payroll taxes in the State of California
- Prepare a notice to suppliers of transfer
- Transfer utilities into Buyer's name
- Transfer telephone listing (including any Yellow Page ad) to Buyer's name
- Obtain a copy of certificate of insurance for malpractice or tail policy, if applicable
- Cancel any insurance that will not be needed after the sale
- Notify State Board [GA 404-636-7553]
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