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| Objective |
Once we have a signed agreement, the buyer and his or her advisors, accountant and attorney verify the completeness and the accuracy of the information that you and we have provided them. |
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| The Steps |
Each buyer will have a different set of concerns they want to address, but most will want to:
- Get copies from the IRS of the tax returns for your business from the last five years.
- Verify the accuracy of the financial numbers by going into your internal accounting records.
- Verify the condition of the assets included in the sale.
- Verify that you have clear title to the assets of the business and there are no liens or judgments against the business.
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| Considerations |
The deal is not done until the closing, so be cautious about letting the prospective buyer talk with employees, customers and vendors. |
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