Legal Question in Business Law in California
selling buiness
do you have to have a escrow when selling a buisness only no fee property buisness only
Asked on 9/04/06, 11:28 pm
1 Answer from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
Re: selling buiness
I don't know of ANY situation or deal where an escrow is mandatory.........however, most folks prefer to use escrows because, like in a poker game or wagering situation where the players don't know and trust each other, it's better to have a neutral party holding the stakes.
Answered on 9/05/06, 12:12 am
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