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What are the documents that buyer should ask for to seller as due dilligence?

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The BAF Group LLC

Some of it depends on the business. There are pages and pages of document lists for complex deals. At the very least you should have P&Ls and SIGNED Tax Returns for the past three (3) years of the business' operation, as well as YTD Financials including Balance Sheets for all years. Aging Reports for both outstanding Income and Payables; Payroll Records; Tax Statements for both payment of Withholding and Sales Taxes; Leases; Contracts; Client Lists showing volume, locations, profit margins and a history of each; Employment Agreements with key employees, if they exist; any applicable Franchise Agreements; Inventories of FF&E, and more!

The key is not just to get these, but how to USE them in a due diligence process. This is where getting professional guidance is key.

Feb 18, 2015

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