Buyers and lenders will want as much detail as possible to make a decision.
In order to sell their company, business owners must disclose certain basic information such as Financial Statements and Tax Returns. And sometimes buyers will request additional information which will require the business owner to spend much more time accumulating that data. But wait there’s more! After an offer is accepted, business owners must be prepared to go through the due diligence process sharing many more details with the buyer and any lenders for full disclosure and to verify the financials.