Don't shred it yet. Check it first.
Old Slack, email and CRM records can be worth something. Check them before anyone hits delete.
What the records are, in plain words
The records are an attic
Years of Slack, email, CRM and tickets. Most owners forgot it was up there.
A license is renting a room
A buyer uses the records for a while, under rules. The owner keeps the house.
An AI lab is a library
It borrows real work to learn how work gets done.
What the deals look like
Buyers already chase closing companies. SimpleClosure sold archives from nearly 100 small companies. Google won the auction for Spirit Airlines' archive, with court approval pending. A union objected to that sale, so closing records bring real duties too.
Most records are worth little. Some are worth a phone call.
How it works with your advisor
Run the free check
About three minutes. You get a result and one next step.
Bring your advisor in
Share the result. They check it against your deal, your books or your closing.
Pick a buyer, or don't
If one fits, Matt makes the intro. You decide, and your lawyer reads every contract.
How we make money
- micro1 may pay us a referral fee if a company we introduce goes ahead with it. You pay nothing extra for the check.
- Your attorney gets no per-referral fee from us. A shutdown service may be paid for a qualified referral, from Vaultfish, out of our own referral fee, with terms in writing first.
- The optional managed readiness review is paid by you and quoted in writing first.
Who pays your attorney
We do not offer attorneys a fee for each referral. Many state rules make that hard. Your attorney's duty runs to you, and your records may hold private or protected material.
- Legal review. You hire your attorney to review any license and pay them under your own agreement with them. Vaultfish pays them nothing.
- Referrals both ways. Your attorney and Vaultfish may send owners to each other. No money moves, and you are told in writing.
We never take fees from lawyers we recommend. A shutdown service may be paid on a closed deal, from Vaultfish, out of our own referral fee, with terms in writing first, and it should tell you.
Fiduciaries, such as assignees and trustees, get no referral fee, the same as attorneys. Ask your own counsel what fits.
Tools for your closing
Share these with the attorney or shutdown service handling the close.
Fee rules vary by state and by role. Have your lawyer read this before you sign anything. They like that. Vaultfish helps you run the process. We are not lawyers and this is not legal advice. If you need counsel who knows this area, we can point you to one. Ask for a referral
Questions owners ask
Will checking my records get in the way of my creditors?
A records check should not get in the way of creditors. The records are one more asset to place, and who may license them, and how, is a question for your counsel and the court if there is one.
What if my company's archive holds employee data?
Employee data is the biggest risk in a closing company's archive. Your lawyer decides what can be shared and what must be removed first.
Why does my attorney get no referral fee from Vaultfish?
State rules can treat an attorney's referral fee as a conflict that needs your written consent. Vaultfish keeps it simple, so attorneys get no per-referral fee.
Is the Vaultfish data check really free?
Yes. The Vaultfish data check is free, and so is an introduction.
How fast can a records check move when a company is closing?
The first Vaultfish data check takes about three minutes. Timing after that depends on you and the deletion date.
