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Plant Closing Checklist
A comprehensive guide to closing a manufacturing facility, from pre-closure assessment to final settlement.
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Our complete step-by-step facility closure guide: every phase, every consideration, free.
Read the Complete GuidePre-Closure Assessment
Complete asset inventory
Determine going-concern vs. liquidation value
Identify any encumbered or leased equipment
Review UCC filings and secured creditors
Engage legal counsel (if applicable)
Asset Management
Commission USPAP-compliant appraisal
Photograph and document all equipment
Identify high-value lots for pre-marketing
Determine disposition path for each asset class
Plan for real estate (sale, return, or continued use)
Workforce Considerations
Determine WARN Act obligations
Coordinate severance and final paychecks
Consider using KD Resume Board for displaced workers
Maintain key staff through wind-down if needed
Regulatory & Site Access
Review local permits and zoning for auction access
Coordinate utility disconnects timing
Confirm buyers' responsibility for fluid removal, coolants, and residual materials prior to equipment removal
Ensure buyers provide required insurance certificates before removal
Sale Execution
Select sale structure (auction, private treaty, cash purchase)
Execute marketing plan (12+ channels, 500k+ buyer database)
Manage buyer registration and catalog
Conduct auction or sale
Manage invoicing and payment collection
Post-Sale Settlement
Confirm all lots removed within removal window
Disburse proceeds per priority order
File final tax returns and close business entities
Release of liens and UCC terminations
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