This is the point where you get your money and the buyer gets your company.
Hopefully, all issues are settled and all that has to be done is to sign the documents and to transfer the money.
It is a rare closing that no issues come up. I’ve been in closings that started at 10:AM and continued until 12:05AM the next day when the documents were finally signed off. I’ve also been in closings where the deal fell apart at the closing table and the closing never happened.
Anything can happen at the closing table to foul up the deal. The best advice I have as an experienced intermediary is: “During the entire process of selling a business, always surface any negative aspect by either the buyer or seller promptly. Do not let it fester. If it kills the deal, the sooner, the better, for all parties.”