What Sellers Provide for Buyers

Documentation a Seller needs to Supply to the Buyer
Before you finalise the purchase of a business you will need to examine the documentation, financial records, and other paperwork, especially legal agreements.

You will need to look at the following:

  • All financial records
  • All staff records
  • Customer database
  • Premises and the lease
  • Patents and trademarks etc
  • Insurance policies
  • Licences and permits
  • Stocktake
  • Schedule of assets, including valuations
  • List of suppliers
  • Schedule of all products and services offered
  • Details in the lease agreements
  • Franchise agreements, if any
  • Marketing systems and methods
  • Any outstanding legal issues
  • Advertisements, sales brochures, product packaging etc
  • Payroll, staff benefits, employee super and any profit sharing info
  • Sales records and customer lists
  • Supplier records and purchaser lists

You will also need to look at the following:

  • Is there any potential or ongoing legal action that could affect the business?
  • Has the company always paid taxes on t...

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