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Accounting Today

The Succession Advisor: 24 docs you need to sell a business

By April 21, 2023April 25th, 2023No Comments

If you or a client of yours is planning on selling a company, here are 24 documents you’re going to have to show to any prospective buyer. Are you prepared?

1. Three years of tax returns

2. Two years of financial statements

3. Building or office lease

4. Equipment leases and maintenance agreements

5. Business formation documents

6. Inventory list with value detail

7. Outstanding loan agreements

8. Asset depreciation schedule from tax return

9. List of fixtures, furnishings and equipment

10. Business licenses, certifications, permits and registrations

11. Insurance policies

12. Proof of ownership of patents, trademarks and other IP

13. Description of liens

14. Product/service description and price lists

15. Supplier and distributor contracts

16. Client or customer list and major contracts

17. Marketing materials

18. Staffing list with hire dates and salaries

19. Employment agreements

20. Employment policy manual

21. Organization chart

22. Business procedures manual

23. Photos of business

24. Other documents unique to the business

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