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Phone: 408-829-2315
Fax: 408-926-9602
maggyslavova@yahoo.com
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NOTARY PUBLIC


RECENTLY SOLD

COMMERCIAL REAL ESTATE Recently Sold

SHORT SALE Four-Plex
(317 26th Street, Richmond)
SHORT SALE Four-Plex
(2341 Maine Ave, Richmond)
SHORT SALE Four-Plex
(345-351 S. 27th St, Richmond)
SHORT SALE Tri-Plex
(194 Brooklyn Ave, San Jose)
SHORT SALE Tri-Plex
(214-218 Raymond Ave, San Jose)

BUSINESSES Recently Sold
Fast Food Restaurant - San Jose, Downtown
Deli - San Jose
Pizza & Delivery - Fremont
Vietnamese Restaurant - North San Jose
Coffee Shop - San Jose
Bakery - San Jose
Restaurant/Bar - Fremont
Deli/ Coffee Shop - Fremont
Mexican Restaurant - San Jose
Mexican Restaurant - Belmont
Restaurant $ Sports Bar - Santa Clara
Mexican Restaurant - San Jose
Pizza Restaurant - Fremont
Mexican Restaurant - San Jose
Asian Restaurant - San Jose
Mexican Restaurant - San Jose
Taqueria - Sunnyvale
Mexican Restaurant - San Jose
Deli/Cafe - Fremont


HELPFUL LINKS

BUSINESS TRANSACTION CLOSING COST

Using Escrow Services When Buying Or Selling A Business


There is a lot of paperwork involved in buying or selling a business. It can also be very stressful. An escrow officer specializes in business transactions and ensures that the buyers get everything they are buying, with no hidden debts on the business and that the sellers get their money.

Business escrow procedures differ from the real estate escrow.

If the sale includes a liquor license, then all the money, including what is being paid for the liquor inventory must go through escrow. Also, no funds can be released before the escrow is closed.

WHAT DOES ESCROW DO?

  • Purchase/Sale of all types of┬ábusinesses
  • Proration of rent, insurance or taxes
  • Collection and disbursement of sales tax
  • Transfers of Leases
  • Liquor license transfer
  • Publishing of bulk sale notice to allow earliest possible closing
  • Lien Clearance
  • Uniform Commercial Code lien clearance
  • Uniform Commercial Code lien clearance
  • State Board of Equalization and Employment Development and Certificate of Clearance

BUYER'S CLOSING COST

- LEASE DEPOSIT
- SALES TAX
- RENT
- ESCROW FEE
- ABC FEE
- Notary, filing, recording, publishing
100%
9.25% (Santa Clara County)
Proration
50%
100%
50%

SELLER'S CLOSING COST

- COMMISSIONS
- CREDITOR CLAIMS
- SECURED CLAIMS
- ESCROW FEE
- Notary, filing, recording, publishing
100%
100%
100%
50%
50%