Seller notes, earnouts, escrow and the transition all continue after closing day. Cordis stays to see them through, alongside your estate attorney, accountant and wealth advisor, who lead on the proceeds.
A different balance sheet
For decades the company was the largest thing you owned, and the one you understood best. On closing day it becomes cash, a note from the buyer, perhaps shares in the buyer, and promises measured over the year or more that follows. Advice on holding any shares rests with your wealth advisor.
Some of what you negotiated is paid only when it is collected. Some of it depends on a definition written months earlier and now read by a buyer who runs your former company. Those terms deserve the same care after closing that they received before it.
The terms still running
Each one has dates, definitions and documents. Each one is tracked.
Payments the buyer owes you over time. Tracked against the schedule, with any late or missed payment documented promptly and taken up with your attorney.
Payments that depend on results after closing. The definition is read the way the buyer will read it, results are measured against it, and any disagreement is documented and taken up with your attorney.
Money held back against possible claims. Each window is tracked to the day, so release requests go in on time, and any claim is documented and taken up with your attorney.
Employment, licensure and handover carried out as negotiated, so your commitments end when the agreement says they do.
The timeline
The sale mandate covers the first quarter. Beyond it, owners can keep Cordis on the file for as long as the terms run.
The transaction record
Assembled at closing and kept current, then shared with your advisors as you direct.
Coordination with your advisors
The decisions that follow a sale belong to the professionals you already trust: your estate attorney on structure and family, your wealth advisor on the proceeds, your accountant on tax. Cordis gives no investment, tax or legal advice, and does not offer those services.
What Cordis provides is coordination. We hold the record of the transaction: the purchase agreement, the schedules, the note and earnout terms, the funds flow. Each advisor receives the documents and dates they need, so nothing in the deal surprises the plan being built around it.
Your commitments
Some owners stay on with the buyer for a period. Others step away on closing day. Either way, the commitments you made in the agreement have an end date.
Cordis keeps each of those dates in writing, from the last day of a consulting agreement to the end of a transition period, so you can plan around them with the people closest to you and the advisors who serve you.
Already sold
Owners who sold with a different advisor, or with none, can engage Cordis for note and earnout monitoring on its own. We read the agreement the way the buyer reads it, build the calendar of every date that matters, and track each term to its end.
It begins the way every engagement does: a confidential conversation, then a written scope and price before any work starts.
Related
Questions
Part of the price paid later, and only if the business reaches results defined in the purchase agreement. How those results are defined and measured decides what you actually receive.
A portion of the price held back for a set period to cover claims the buyer might make under the purchase agreement. When the period ends without a valid claim, the money is released to you.
It is documented promptly and taken up with your attorney, who handles any formal notice the agreement requires.
No. Cordis gives no investment, tax or legal advice. Your wealth advisor, accountant and estate attorney lead on the proceeds. Cordis coordinates the transaction record and dates they need.
A sell-side mandate runs through the first quarter after the wire. Beyond that, owners can keep Cordis on the file for as long as notes, earnouts and escrow are running.
Yes. Note and earnout monitoring can be engaged on its own, with a written scope and price agreed first.
Cordis reads each report against the definition in the purchase agreement and the figures behind it. Any disagreement is documented and taken up with your attorney.
No. They lead. Cordis makes sure they have the documents, terms and dates from the transaction.
Whether you are preparing a sale or living with the terms of one, start with a confidential conversation. A senior member of the firm replies within one business day.
A written read of how a buyer will see your company.