6. What Additional Documents Should I Have Ready for Buyers
Who Start Due Diligence?
Proof of Business Ownership
Payroll Summaries for 1 Year
Outstanding Accounts Payable
Outstanding Accounts Receivable
Current Loan Documentation
Details of All Chargebacks or “Owner’s Salary” in Your Financials
3 Years of Proﬁt and Loss Statements
3 Years of Cash Flow Statements
3 Years of Balance Sheets
7. Should I Hire a Broker or Sell the Business Myself?
If you don’t have a good idea of where to ﬁnd potential buyers
If your business network is not very extensive
If the extra time it will take you to sell the business will cause the
business to suer
8. Who Else Should I Hire When Selling a Business?
Certiﬁed Public Accountant (CPA)