The closing is where the actual transfer of ownership from you to the buyer happens.

This is usually done at the buyer's attorney's office. It includes signing legal documents such as:

1. Bill of Sale
2. Non-compete Agreement
3. Warranty and Representations of the Seller
4. Promissory Notes from the Buyer

Once the documents are signed, you will probably get a check from the buyer's attorney for the money you are owed at closing.

It is wise to have all of the issues resolved long before the closing. This is not the place for negotiations.

You will save a lot of money in attorney fees and be better protected by using an attorney who has experience in business transactions.