Note:

When you are interested in selling your business, questions relating to the sale of the business must be answered. This is necessary in order to determine the “Fair Market Value” or range of values for your company.

THE FOLLOWING DOCUMENTS MAY BE NEEDED OR WILL NEED TO BE AVAILABLE FOR A BUYER AND A LENDER IF THE BUYER IS USING OUTSIDE FINANCING (other documents may apply)

FINANCIAL RECORDS

  • HISTORICAL FINANCIAL STATEMENTS (For the most recent three years)
    • Profit and loss statements, balance sheet
    • Bank statement
  • FEDERAL TAX RETUERNS (For the most recent three tax reporting years)*
    • Corporate Tax Returns (Form 1120 or 1120s)
    • Schedule C (Form 1040)
    • Partnership Tax Return (Form 1065)
    • Sales Tax Return
    • Payroll Tax Return
  • Interim Financial (For the most recent reporting period)
  • Schedule of all indebtedness of the business
  • Accounts receivable aging report
  • Inventory information
  • Summary of job – in – progress report

COMPANY ASSETS ND REAL ESTATE

  • List of Assets to be included in the sale
  • List of Assets not be excluded from the sale
  • List of Assets not appearing on balance sheet
  • Copies of leases for real estate and equipment
  • Legal description of any real property included in the sale
  • Appraisals on real estate and/or equipment (if available)
  • Environmental reports/surveys

EMPLOYEE RELATED

  • Any employment contracts, representative agreements, etc.
  • Organizational Chart (Job description and rates of compensation)
  • Copies of any pension and/or profit sharing plans
  • Buy/sell and/or shareholder agreements
  • Employee benefits, group health insurance, etc.

CONTRACTS, POLICIES, MARKETING ETC.

  • Copies of all insurance polices
  • Brochures, advertisements, yellow page ads, articles, maps, etc.
  • List of any contracts for services
  • Copies of any patents copyrights, trademarks or contracts of value