We finalised the documents for the sale of 3 accounting practices.
For 2 of them, 70% of the purchase price is being paid now and 30% in a year.
In the other, its 80% now and 20% later.
My clients are concerned that they will not see the balance of the money, but we arranged a clause which sees the initial amount retained by our clients and the shares automatically transferred back to our clients if the money is not paid on time, which should encourage the purchaser not to default, or compensate our clients adequately if the payments are not forthcoming,