Checklist:  When You Are Considering Buying a Business

So, you are thinking of buying a business?  What types of documentation or information should you be seeking from the seller before you agree on a price, sign documents, or pay any money?  This list will get you started:

  1. Seller entity information
    2.         Documents necessary to discover the seller’s full financial Information
    3.         Physical Assets of the seller
    4.         Real Estate (owned and leased)
    5.         Intellectual Property owned by the seller or to which the seller has rights
    6.         Employee contracts and employee benefits owed
    7.         Licenses and permits held by the seller
    8.         Environmental due diligence
    9.         Taxes (including verification) owed
    10.       Material contracts with the seller’s customers and suppliers
    11.       Customer information
    12.       Currently pending or threatened litigation
    13.       Insurance coverage

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Jay Young, Mediator and Arbitrator

Jay Young is a Las Vegas, Nevada attorney. His practice focuses on acting as an Arbitrator and Mediator. Mr. Young can be reached at 702.667.4868 or at jay@h2law.com. The information provided on this site does not, and is not intended to constitute legal advice. You understand each legal matter should be considered to be unique and subject to varying results. You should not take or refrain from taking action based on any information contained on this website without first consulting legal counsel, as it is not intended to advise you on your particular matter. Further, you understand that no guarantee is given that the information contained herein is an accurate statement of the law at any given point in time, as the law is constantly changing. Guest bloggers are responsible for their own content, which is not to be construed as an article authored by Jay Young. Please see http://nevadalaw.info/disclaimer

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