Buyer Due Diligence:

Key Items of Confidential Company Information

  • 1
    3 years Corporate, (1120, or 1120S) or personal (1040) (sole proprietorship) tax returns.
  • 2
    Monthly bank statements and reconciliation, canceled checks.
  • 3
    Sales tax returns, Profit and Loss Statements totaling 3 years.
  • 4
    Detailed year end and a year to date general ledger.
  • 5
    All of the last 2 years corporate intangible and tangible tax returns (DR-601 and DR -405).
  • 6
    Annual and Quarterly, both federal and state payroll tax returns for 2 years and any 1099’s issued to date.
  • 7
    work in process, accounts receivable, inventory and accounts payable for 2 years and to date.
  • 8
    List of purchase assets with values and serial numbers, including inventory list.
  • 9
    Employee list with job description and salary, wages etc.
  • 10
    Purchase and sales invoices for specific jobs for a sample test gross profit.
  • 11
    Copy of existing lease, options, addendums. Landlord contact person, and previous real estate tax bill.
  • 12
    Copy of all licenses.
  • 13
    Bank statements and records.
Business Brokers for Sale, Experienced Business Brokers, selling of a business, Buyer Due Diligence