Advance Preparation for Due Diligence is Key
The extent of due diligence is based on initial and ongoing discussions between the parties. That is when surprises can develop.
Buyers use several due diligence checklists to evaluate the Seller’s business. They cover simple items like your corporate record book (hopefully you have one), minutes of meetings, as well as complex matters like your ESOP. Whatever the nature and type of your business, make sure you have the basic items ready. A big question is how to get organized, whether you are the Buyer or Seller. You can use our short form due diligence list to get started.