How To Set Your Business Up for Success in 2023 A Lawyer’s Perspective
Due Diligence Guide for Purchasing a Business
Before buying a business, it is important to undertake due diligence, to verify the information supplied by the seller. This guide will walk you through the due diligence process.
Before you enter into a contract to buy a business, it is important to undertake due diligence, to verify the information supplied by the seller about the business. This could include examining the business’ records and inspecting its physical assets.
To help you manage the due diligence process, this guide will explain:
- the due diligence timeframe;
- what documents to review;
- confidentiality agreements;
- how to assess the business’ assets; and
- how to reduce your risk.
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