What documents are required to list my business for sale?
What documents are required to list my business for sale?
What documents are required to list my business for sale?
Kenneth Answered question November 30, 2024
To list your business for sale, you’ll need a variety of documents that potential buyers will review to assess the value, health, and potential of the business. Here’s a list of common documents you should have ready:
- Business Financials:
- Income Statements (Profit & Loss Statements) for the last 3-5 years.
- Balance Sheets for the last 3-5 years.
- Tax Returns for the last 3-5 years.
- Cash Flow Statements (if available).
- Debt Information (current liabilities and any outstanding loans).
- Valuation Documents:
- Business Valuation Report (if done by a professional).
- Appraisal Reports for major assets, like real estate or equipment.
- Legal Documents:
- Business Formation Documents (e.g., Articles of Incorporation, LLC Operating Agreement).
- Ownership and Shareholder Agreements (if applicable).
- Intellectual Property Documents (e.g., patents, trademarks, copyrights, domain names).
- Contracts and Leases (with customers, suppliers, and landlords).
- Non-Disclosure Agreements (if used for confidential discussions with potential buyers).
- Operational Documents:
- Employee Agreements (if any, including contracts or non-compete clauses).
- Business Plan (if applicable).
- Inventory List (if selling physical products).
- Supplier and Customer Agreements (long-term or significant contracts).
- Assets and Liabilities List:
- List of Tangible Assets (e.g., property, equipment, vehicles).
- Liabilities (including any legal issues or outstanding debt).
- Legal Disclosures:
- Pending or Potential Lawsuits (if any).
- Government or Industry Regulations affecting the business.
- Environmental Concerns (if applicable).
- Other Relevant Documents:
- Marketing Materials (e.g., brochures, website, advertising strategies).
- Customer Data (anonymized customer lists or sales data).
- Franchise or Licensing Agreements (if applicable)
john Answered question November 30, 2024