What to check before buying a business
Prepare the questions to ask the seller and keep track of the documents to request and the checks to complete.
Features of the business
The checklist does not certify that a purchase is compliant or worthwhile. Checking the documents is up to the professionals involved.
How it works
Enter the sector and the features of the business, then update the status of the documents. You can separate the ones still to request, the ones received and the ones to look into with your advisors.
A real example
If the business has rented premises and staff, the list includes the lease, the takeover terms and the documents on the employees.
Frequently asked questions
Who should I ask for the documents?
Start with the seller and agree with your accountant, notary and employment advisor which checks to carry out.
Is a document I have received already checked?
No. Receiving and checking are separate steps. Mark it “To clarify” when you need to look into it further before going ahead.