When you start to attract interested buyers for your business, you will move to the due diligence phase of mergers and acquisitions. During this stage of proceedings, you will have to share a lot of information with the potential buyers. Here is our overview of some of the key documents that you will need to have prepared, so the process can move ahead as quickly and as smoothly as possible.
The key documents
You will want to start off with a non-disclosure agreement. This way, any information that you subsequently share with the potential buyers is protected –which is important as you will need to give them access to detailed financial documents that are intrinsically confidential. Remember that often the people interested in buying your business are competitors who want to fold your company into theirs –in the event that they are not the successful buyer, it is important that they cannot make use of the information that you shared with them to affect your business.