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:
- 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
Hon. Jay Young (Ret.) is a retired judicial officer with decades of experience presiding over complex civil litigation matters. Following a distinguished career on the bench, Judge Young now serves as a mediator, arbitrator, and court‑appointed special master, and discovery referee. Judge Young brings a disciplined, impartial, and results‑oriented approach to dispute resolution. Judge Young is based in Nevada and accepts appointments statewide and nationally, subject to agreement or court order. He can be reached at 855.777.4557 or info@armadr.com
Known for judicial temperament, analytical rigor, and practical problem‑solving, Judge Young assists litigants and counsel in resolving high‑stakes disputes efficiently and with integrity and employing best practices. He is recognized by U.S. News and World Report’s publication Best Lawyers as Arbitration Lawyer of the Year.