When you are interested in selling your business, questions relating to the sale of your business must be answered. This is necessary in order to accurately determine the “Fair Market Value” or range of values for your company. The following documents may be needed or will need to be available for a buyer and /or lender if the buyer is using outside financing. Some documents may not apply in all cases.
- Financial Statements (For the most recent three years)*
- Profit and loss statements
- Balance sheets
- Interim Financial Statements (Year-To-Date (month end) for the most recent reporting period)
- Bank statements
- Schedule of all indebtedness of the business
- Summary of any work or jobs in progress
- Accounts receivable aging report
- Inventory information
- Federal Tax Returns (For the most recent three tax reporting years)*
- Corporate Tax Returns (Form 1120 or 1120s)
- Personal Return/Schedule C-Form 1040 (for Sole Proprietorships and/or LLC)
- Partnership Tax Return (Form 1065)
- Sales Tax Return
- Payroll Tax Return
- Company Assets and Real Estate
- List of Assets to be included in the sale
- List of Assets to be excluded from the sale
- List of Assets not appearing on balance sheet
- Copies of leases for real estate and equipment
- Legal descriptions of any real property included in the sale
- Appraisals on real estate and/or equipment (if available)
- Environmental reports/surveys
- Employee Related
- Any employee contracts, representative agreements, etc.
- Organizational Chart (Job description and rates of compensation)
- Copies of any pension and/or profit sharing plans (if applicable)
- Buy/sell and/or shareholder agreements (if applicable)
- Employee benefits, group health insurance, etc. (if applicable)
- Contracts, Polices, Marketing, Etc.
- Copies of all insurance policies
- Brochures, advertisements, yellow page ads, articles, maps, etc.
- List of any contracts for services (long-term contracts and/or exclusive contracts)
- Copies of any patents, copyrights, trademarks or contracts of value