The due diligence process begins once you have decided to sell your business and found a buyer. The buyer will closely examine your company to determine its strengths, weaknesses, and value.
The buyer’s team, including their attorneys, accountants, and mergers and acquisitions advisors, will review all aspects of your business. They will analyze finances, tax returns, client lists, intellectual property, and contracts. Be prepared to provide several years of records. The more transparent you are, the smoother the process.
