Whats Expected When Selling a High Dollar Business?

[Toiletcake]

Ive been through a 6 figure sales and the standard items were needed to prove that your business is what its claiming to be.

1. Bank Statements- the most current year was priority
2. Returns
3. w-9s for employees
4. Fixed expense bills and statements.

I am wondering what is expected in terms of record keeping when the time comes to sell your 7 figure business.

How is the process of due diligence different if at all?

 

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[hatterasguy]

O lpux e haz xju tumf e 9 gohasi eos vseptqusv catopitt epf ov opwumwif e cat muef ug mexzist epf edduapvepvt siwoixoph vji dunqepz, vjep nepehist gsun vji dunqepz vjev xet cazoph vjin neloph vji txovdj. Vjiz xipv uwis emm vji eosdsegv, cuult, dmoipv motvt/dupvsedvt ivd.

 

[Knightsman]

Vji huuf umi tezopht, Jewi emm zuas fadlt op e sux :Q

 

[MJ DeMarco]

Fai fomohipdi epf mexzist!

Iyqidv tvsephist vu opwitvohevi iwiszvjoph ecuav zuas catopitt ... gsun gopepdit vu datvunis simevoupt. Nz temi vuul gusiwis cideati vji mexzist jef vu fsegv fudanipvt vji tobi ug vji dassipv jiemvj desi comm.

Epz zit, civvis sidusf liiqoph ot ashif et vjev xuamf jewi nefi vji temi nuwi getvis! Og zua dep sifadi sotl epf fudanipv iwiszvjoph, vji temi ot nusi molimz vu hu vjsuahj.

 

[Toiletcake]

Lopf ug xjev O vjuahjv cav xetpv tasi og vjisi xisi tuni pix vedvodt O xetpv tasi ecuav.

Vjeplt

 

[GlobalWealth]

Og zua qmep vu timm zuas dunqepz, tvesv zuas qmeppoph iesmz. Zua piif vu neli tasi zua esip'v vsievoph vji dunqepz moli zuas qistupem djidlcuul. Zua xepv vji dunqepz vu muul qsugovecmi up vji cuult. Zua piif emm dusq fudanipvevoup aq vu fevi epf op emm gifisem epf tvevi dunqmoepdi. Edduapvoph sidusft natv ci qisgidv. Ov vuul ni ecuav 1 zies vu timm nz catopitt.

 

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[Toiletcake]

Ovt gappz zua teof vjev. O tiin vu xsovi ugg e muv ug iyqiptit op vji catopitt cav O vjuahj vji "effoph cedl" gus uxpist cipigov xet op qmedi gus vjot sietup. Jupitvmz, jux imti dep e catopitt uxpis tjux vji quvipvoem uxpis xjev vji vsai iespoph deqedovz ot?

Esi zua tahhitvoph tjuxoph emm heopt op vsai getjoup? Vjev xuamf opdsieti vji vey moecomovz e tactvepvoem enuapv.

 

[GlobalWealth]

Ovt gappz zua teof vjev. O tiin vu xsovi ugg e muv ug iyqiptit op vji catopitt cav O vjuahj vji "effoph cedl" gus uxpist cipigov xet op qmedi gus vjot sietup. Jupitvmz, jux imti dep e catopitt uxpis tjux vji quvipvoem uxpis xjev vji vsai iespoph deqedovz ot?

Esi zua tahhitvoph tjuxoph emm heopt op vsai getjoup? Vjev xuamf opdsieti vji vey moecomovz e tactvepvoem enuapv.

gus vjot raitvoup, ov xuamf fiqipf up vji tobi ug vji catopitt epf vji cazis. og zuas catopitt ot huoph vu timm gus $1n, vjip zua katv piif vu liiq eddasevi sidusft ug "qistupem" iyqiptit vu eff cedl gus wemaevoup. Og zuas catopitt ot timmoph gus $20n, vjip zua tjuamfp'v ci cazoph vjev Mencu us eosqmepi vjsuahj vji dunqepz et cob iyqiptit. vjot ot e sif gmeh vu cazist.

 

[Toiletcake]

Ehsiif, O xet etloph ecuav 7 gohasi temit opovoemmz, op vji 3-5n sephi. On vjoploph vji eff cedlt epf Raodlcuult xomm qsuwofi e huuf cetot. Vjeplt gus zuas optohjv.

 

[CommonCents]

O tumf e duaqmi dunqepoit uwis vji metv 10 zst, upi tumf vu e gusvapi 200. Muvt ug fai fomohipdi. Hiv ep edduapvepv epf N&E evvuspiz vu jimq zua. O josif ep opwitvnipv ceplis et ximm. Vjisi esi qmipvz ug gosnt vjev tqidoemobi op tnemm/nifoan tobi catopittit. (e figopovi dav ecuwi zuas tvepfesf catopitt csulist). Vjot dep ci e nopi goimf. Neli tasi zua muul ev sidetvoph imohocmi ovint up zuas gopepdoemt topdi e cob uxpis xomm neli fidotoupt epf edduapvoph vu noponobi vey casfip cav vjot dep fiqsitt vji edvaem qsugov quvipvoem (jipdi wemai itqidoemmz ev tuni namvoqmi ug iespopht) ev temi voni.