The deal is done, but the purchaser almost certainly now has a due diligence period.
This is where they, and their Accountant and Advisers, get the opportunity to pore over your books and records, scour through everything you have done and ultimately decide if they still want to proceed (that’s right, they get a chance to pull out if they don’t like what they see).
They may even want to try to renegotiate from a new, further informed position of power.
Therefore it is vital this process is successfully managed, providing the purchaser (and in particular their advisers) comfort every step of the way that –
- The business has been well run
- There are no skeletons in the closet and
- If run correctly, the business will be able to continue to achieve the results you have advertised to them it has to date.
More about Accounting & Tax
- Starting or Buying a Business
- Business Idea Evaluation
- Buying a Business
- Business Purchase Price Assessment
- Business Structure Advice
- Tax Planning Strategies
- Asset Protection Strategies
- Business Structure Establishment
- Tax Registration Advice and Implementation
- Business Name Registration
- Business Owner Agreements (ie. Shareholder Agreements, etc)
- Business Due Diligence
- Business Start Up Advice
- New Business Budgeting
- New Business Cash Flow Forecasting
- Business Plans
- New Business Finance Application Structuring & Assistance
- Accounting System Establishment and Training
- Running and Growing Your Business
- Business Accounting & Tax Services
- Tax Minimisation & Year End Tax Planning
- Bookkeeping & Data Entry
- Business Activity Statements
- Payroll Services
- Superannuation Management & Reporting
- Fringe Benefits Tax
- Payroll Tax
- Management Reporting
- Budgeting
- Cash Flow Forecasting
- Corporate Secretarial (ASIC Compliance)
- Trust Distributions
- Tax Advice
- Goods & Services Tax Advice
- Accounting Software Solutions
- Business Acquisitions
- Entry of New Business Partners/Owners
- Exit of Business Partners/Owners
- Finance Application Assistance
- ATO Relationship Management (including ATO Audit Support)
- Accountants Letter of Support
- Selling, Exiting and/or Leaving a Legacy
