As part of every deal, there is a due diligence period where the buyer has the opportunity to review financial and other records within a contractual time frame. This gives them the opportunity to verify the profitability of the business and review other critical matters. I encourage sellers to prepare their books and records in advance and have their accountant or CPA assist to provide accurate and timely financial statements. This makes the entire deal progress smoothly and quickly. I also review the due diligence package and help you prepare for this vital aspect of quality assurance that the buyer expects to be both accurate and organized.
Step Seven: No Impact Closing