Due diligence is the process of systematically researching the details of a business to ensure the accuracy and completeness of the information provided by the owner. Offers to purchase a business are usually dependent on the results of the due diligence inspection. This includes reviewing all financial records and anything deemed material to the sale. Sellers can also perform due diligence on the buyer. Items that may be considered are the buyer’s ability to purchase, as well as other items that would affect the purchased entity or the seller after the sale has been completed.
Our services involve a thorough review of the documents and information provided by the owner, inspection of the business and its books and then a step by step review of items from our checklist. When we finish with the process we create a detailed report listing any items of concern and aspects of the business that were inspected during the due diligence phase.
One extensive list of Due Diligence items includes the following checklist.