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DUE DILIGENCE CHECKLIST – Sample ONLY!!!

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*SAMPLE ONLY*

Tailor your list to the specific business. Speak with your business broker, business attorney, and business accountant when you go to sell a business or buy a business.

If you seek a business broker in Tampa Fl, reach us at 833.Buy-Biz1 (833-289-2491)

Gather the basic following information.  Remember each listing is unique and each industry may have specific requirements that are unique to it.

We highly suggest that you consult with a business broker, attorney and/or accountant for additional guidance.

Business Name: _________________________________

  1. ______  Tax Returns: 2015 ____ 2016 ____ 2017 ____ 2018 ____ 2019____
  2. ______  Financial Statements: 2015 ____ 2016 ____ 2017 ____ 2018 ____ 2019 ____ 2020 through Year-To-Date ____
  3. ______  Copy of monthly business bank statements for 2019 through Year-To-Date
  4. ______  Copy of sales use tax statements for 2019 through Year-To-Date
  5. ______  Copy of merchant account statements for 2019 through Year-To-Date
  6. ______  Copy of all W-2’s and 1099’s for last three years:  2017 ____ 2018 ____  2019 ____
  7. ______  List of assets – inventory, receivables, machinery and equipment, real estate, leasehold improvements.
  8. ______  Company ownership structure include list of shareholders and key managers showing name and shares owned.
  9. ______  Are there any liens, mortgages, or code violations on the property?    If yes, please give the name of the creditor and amount owed.
  10.  ______  Has there been past litigation relating to this property? Select Yes or No
  11.  ______  Is there any ongoing litigation relating to this property? Select Yes or No
  12.  ______  Is the business current on all taxes? Select Yes or No
  13.  ______  Most recent year W-2 statements for owners and key employees
  14.  ______  Copies of all insurance policies (declaration pages, binders, etc.)
  15.  ______  Last year audited by IRS (if any)
  16.  ______  Does your business have a website? Select Yes or No.   If so, what’s the domain name:________________________________________
  17.  ______  Does your business have social media? Select Yes or No.  If so, please list: _______________________________________________________________________________________________________________________________________________________________________________________________________________
  18. ______  Copies of all invoices for the past year and any other payments to vendors.
  19. ______  All statements or payments to customers for the past year.