prorate taxes, security deposits, etc.

[Charles Dieter]

How does one handle security deposits of renters when a business is sold?

[Shawn Sisco]

Deposits are a liability of your business, write a check to the buyer at time of closing.

[Chrissy Jackson]

Or, show it as a liability on the closing statement on the seller's side and an asset on the buyer's side . . . so in effect it will reduce the selling price by the total amount.