Glossary · Doing the deal
In short
The legal process of changing ownership of an asset, most commonly real estate or vehicles, from one party to another.
For real estate, the title company handles this; for vehicles, it's typically done through the DMV. Ensure all necessary documents are properly executed and recorded to legally transfer ownership to your name or your business entity. Confirm that all liens from the seller are removed.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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