Proration – Business Broker Terms – Free Consult

In a multi-million dollar golf cart business sale in Brandon, Florida, the Legacy Brandon Business Broker handled the proration of financial obligations during the closing process. The seller had prepaid expenses such as rent and advertising that would benefit the business beyond the sale date. These costs were prorated in the closing statement, ensuring that the buyer and seller shared the expenses proportionately to the time each party would benefit. This proration was crucial in achieving a fair and equitable transaction, reflecting the actual usage of the services by both parties.