Does anyone have a good due diligence checklist?
September 20, 2023
by a searcher from University of North Carolina at Chapel Hill in Raleigh, NC, USA
Looking for a good due diligence checklist (for an S-Corp). Any help is appreciated!
Thanks
from The University of Queensland in Sunshine Coast QLD, Australia
from University of Southern California in North Palm Beach, FL, USA
My clients cover up to 20 topics with brokers and sellers BEFORE submitting an LOI. And not necessarily all at once. We use this data gathering and evaluation document: “Rating of Key Performance Indicators to VALUE Privately Held Company”
It’s the topics that can lead to dealmaking. And sooner discovering dumb or dead-end deals.
And then during FORMAL due diligence, POST-LOI, there's another 30 (or so) topics that pertain to nearly every kind of transaction. Those topics may lead down some side streets, which will be welcome by legitimate brokers, sellers, buyers.
It's a huge mistake to overload brokers and sellers with every question you could imagine asking. Or what some guru said you should ask, or using that master checklist (the kitchen sink) you downloaded online.
Why? • Because it's a good way to be dumped (and maybe blacklisted) by sellers and brokers.