Checklist for Purchasing a Business

Checklist for Purchasing a Business

You have taken the leap and decided to purchase a business! Below is a helpful checklist for you to keep in mind when requesting important information from the seller:

1. Company’s Business Registration documents
2. Company’s Financial Information such as accounts receivable/payable
3. List of Inventory and Equipment
4. Copies of Lease Agreements between the Landlord and Seller
5. Income Tax Returns and Business Licenses/Permits
6. Proof of Business’ Insurance Coverage

The above is just a few of the important items to consider when examining a potential business to purchase. Consult with our experienced small business attorney who can help guide you and represent you in your purchase of an existing business. Schedule a consultation or contact us  today.