praxisinc.com
The Step-by-Step Guide to Buying a Veterinary Practice
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Your Praxis advisor will assist you in:
• Setting up a business account, incorporating, and applying for a business license
• Obtaining the necessary premises liability coverage required by the bank.
• Obtaining other needed insurances such as disability insurance or life insurance.
• Review the note, security agreement, acquisition agreement, and lending
documents with you
• Work with the landlord to secure a lease that is acceptable to you and the bank
• Send the bank any documents needed to close the transition
• Address last minute changes to the contract.
• Obtain signatures on all documents by all parties.
• Provide executed agreements to the bank in order to facilitate funding.
• Schedule the closing with both parties and any advisors
• Obtain pertinent info required for wiring the working capital into the buyer's
account.
Form all necessary business
entities, address last
minute changes, and obtain
signatures.
