Fundamental Documents You'll Need For The Sale Of Your Business

An essential step in selling your business is gathering comprehensive and organized documentation. Having these documents prepared and ready can increase the validity of your asking price and help to move the sales process forward more smoothly.

Additionally, these documents will be used at the beginning stages to help determine the value of your business, and they may be requested throughout the due diligence process. Here are a few key documents to gather as you prepare to sell your business:

Types of documents

• Financial Documents 

• Legal Documents 

• Business Operation Documents 

• HR/employee Documents 

Financial Documents

One of the most important steps to creating an exit plan for the sale of your business is to possess organized and detailed financial records. Not only do clear and concise financial documents back up your asking price, but these documents also give you a chance to identify shortcomings and areas of potential growth.

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