By

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
Post Views: 990
About the Author

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. Please see http://nevadalaw.info/disclaimer

Related Posts

8th Judicial District Court’s Administrative Order 19-03 Brings EDCR Into Alignment With the Amended NRCP

Jay Young, Mediator and ArbitratorMarch 130

Eighth Judicial District Court Rules are amended to comply with 2019 Nevada Rules of Civil Procedure Chief Judge Linda Marie Bell issued Administrative Order...

Read more

Nevada Rules of Civil Procedure; Rule 62.1

Jay Young, Mediator and ArbitratorFebruary 260

Nevada Rules of Civil Procedure Rule 62.1. Indicative Ruling on a Motion for Relief That Is Barred by a Pending Appeal (a)    Relief Pending Appeal. If a...

Read more

Sample Joint Defense Agreement

Jay Young, Mediator and ArbitratorFebruary 22

For a word copy of this Sample Joint Defense Agreement, click here JOINT DEFENSE AGREEMENT             This Joint Defense (the “Agreement”) is...

Read more
 

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: