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