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Checklist 4 min read
Business Acquisition Checklist
Everything you need to prepare before financing the purchase of an existing business.
Buyer Documents
- Last 3 Years Personal Tax Returns — all schedules included
- Personal Financial Statement — assets, liabilities, net worth
- Resume / Bio — demonstrating relevant industry experience
- Proof of Equity Injection — bank statements or gift letter showing down payment funds
Target Business Documents
- Last 3 Years Business Tax Returns — for the business being acquired
- Last 3 Years Profit & Loss Statements and Balance Sheets
- Current YTD Financials — P&L and Balance Sheet
- Business Valuation or Purchase Agreement — signed letter of intent (LOI)
- Accounts Receivable / Payable Aging Reports
Legal & Operational Documents
- Articles of Incorporation / Organization — for the acquiring entity
- Existing Lease Agreements — for any real estate tied to the business
- Franchise Agreement — if applicable
- List of Equipment and Inventory — with estimated values
Related Resources
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