Get Ready for Due Diligence Long Before a Sale or Merger
It may seem odd, but as soon as you start up a business, you should begin preparing the documentation needed to sell or merge with another enterprise. It may be years down the road but the records often required in today’s M&A environment can be overwhelming. If your recordkeeping has been shoddy, it can be difficult or impossible to compile the information wanted by a potential buyer or partner.
You don’t want to forgo opportunities just because you didn’t have the necessary paperwork in order.
So what kind of information will you be asked for in the due diligence process? Here is a list of some common items.