Firstly, what is the norm when selling total member interest in a CC with regards to debtors, creditors and bank account whether in black or red ? ( Debtors and Creditors are mainly 30 day accounts )
Secondly, what else should the seller watch out for ?
Thirdly, which party normally pays for the contract and who chooses the attorney ?
The above relates to a on-going business doing day to day business and lets assume the transaction is scheduled for the end of June.