The escrow company’s tasks will vary with each escrow, but typical duties include:  Publishing and recording the public notice of bulk transfer.  Obtaining UCC and county searches to verify there are no secured liens against the business.  Notifying the required county and state tax and regulatory agencies and obtaining lien clearances from each organization or processing any claims received. Complying with the lender’s requirements, securing loan documents and collecting the lender’s funds.  Collecting purchase funds from the Buyer.  Prorating taxes, interest, rents, security deposits, etc., as instructed.  Preparing routine legal and financial documents such as escrow instructions, notes, security agreements, personal guarantees, basic amendments to agreements, amortization schedules, UCC financing statements, bills of sale, corporate resolutions, etc.  Securing releases of all contingencies or other conditions included in escrow.  Preparing estimated and final closing statements for both parties. A closing statement is an accounting of funds to be deposited or disbursed.  Obtaining signatures from Buyers and Sellers on all documents.  Closing escrow when all escrow requirements of both Buyers and Sellers have been completed.   Notary services.  Disbursing funds upon close of escrow, including payments to third parties (commissions, lien payoffs, etc.).