A member of the Veteran ETA community is under LOI for the acquisition of a distressed franchise. The franchisor is insistent on closing down the bank account at close. Does anyone have experience with how to ensure a successful transition post-close? He's concerned with customer payment issues. Plans on setting up a bank account ahead of time and then opening up a new account for the LLC being acquired immediately upon close. If you are able to connect with him, let me know and I can put you in touch. Thanks!