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May 16, 2018
11:00-11:45AM

How to Handle Your Dealer Licensing Requirements in a Buy Sell

part of the OADA Spring Buy/Sell Webinar Series

Register Here!

As the "Buy/Sell" market in the retail automotive industry continues at an accelerated pace, dealers need to consider a variety of factors as they contemplate a buy/sell. Have I covered all aspects of the transaction? Have I thought everything through? What might I be missing?

As dealers move beyond the initial due diligence process and a letter of intent gets signed, the question turns from "Am I going to buy?" to "When is my closing date?"  An essential component of the closing preparation process is securing a new motor vehicle dealers license with the Ohio Bureau of Motor Vehicle's Dealer Licensing section. This is essential to ensure that the buying dealer has the ability to sell motor vehicles as close to the date of sale as possible.

OADA has invited Sarah Stedtefeld, Acting Chief of the Dealer Licensing Section of the BMV to discuss the process and procedures for licensing your new dealership and what steps are necessary prior to, during, and after the purchase of the new dealership.

During the presentation, attendees will learn:

Join OADA and Ms. Stedtefeld to learn more about the dealer licensing process during this 45 minute presentation.

This webinar is part of the OADA Spring Buy/Sell Webinar Series. For more information about this series, as well as cost, please visit our website, HERE

 

 

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2018-05-16 11:00:00 2018-05-16 11:45:00 America/Detroit How to Handle Your Dealer Licensing Requirements in a Buy Sell Register Here! As the "Buy/Sell" market in the retail automotive industry continues at an accelerated pace, dealers need to consider a variety of factors as they contemplate a buy/sell. Have I covered all aspects of the transaction? Have I thought everything through? What might I be missing? As dealers move beyond the initial due diligence process and a letter of intent gets signed, the question turns from "Am I going to buy?" to "When is my closing date?"  An essential component of the closing preparation process is securing a new motor vehicle dealers license with the Ohio Bureau of Motor Vehicle's Dealer Licensing section. This is essential to ensure that the buying dealer has the ability to sell motor vehicles as close to the date of sale as possible. OADA has invited Sarah Stedtefeld, Acting Chief of the Dealer Licensing Section of the BMV to discuss the process and procedures for licensing your new dealership and what steps are necessary prior to, during, and after the purchase of the new dealership. During the presentation, attendees will learn: Whether or not a seller can "transfer" the license to a buyer; Can a buyer sell vehicles prior to obtaining the license; How a buyer can obtain a new license; What documents are required for submission to get a new license; Can a buyer take over the seller's dealer plates; What does a buyer do about the seller's inventory; Does a buyer need to transfer the salespeople to the new dealership; and Much more! Join OADA and Ms. Stedtefeld to learn more about the dealer licensing process during this 45 minute presentation. This webinar is part of the OADA Spring Buy/Sell Webinar Series. For more information about this series, as well as cost, please visit our website, HERE     ----