Home  » Solutions  » Checklists  » Buying a Business Checklist

Task Management Software

Business Management
Project Management
Process Management
Task Management
Employee Management
Customer Management
Sales Management
Finance Management
Product Management
Company Activity
Office Management
Document Management
Other Management
Crisis Survival
Skills Development

VIP Task Manager Professional

Play VIP Task Manager demo Play Demo >>


Forgot your password?
Login As:
Login As
You can log in if you are registered at one of these services:
"...This is an excellent program. I'm so glad that I stumbled on to this when researching for task management programs. Very low learning curv, quite flexible, and the price is right. Tried at least 20 other programs, either too complicated, too expensive, or poor documentation..."
Chad Lindsey -
Honolulu, HI

Buying a Business Checklist


All Travel Checklists

Buying a business checklist includes main questions which should be researched and considered when entrepreneur wants to buy a running business. The information which should be gathered in order to investigate the situation within the enterprise can be obtained by interviewing the seller, personnel and studying business documents. The checklist can be easily modified and supplemented according to specific requirements. 6,5 Kb

Business financial affairs:

  • Get access to financial information
  • Buyer should demand access to business financial records from seller. Financial information is critically important for understanding of the past profitability of the business.If the seller cannot provide information the buyer has the right to cancel negotiations. Besides, the financial documents are required to get the loan from bank.

  • Determine the price and what assets are included in the sale.
  • Define what realty, goodwill, equipment, inventory etc. are included in the sale and what is the actual market price of the property.

  • Determine if it will be asset or stock purchase.
  • Research if any business obligations or debts will be inherited
  • Learn business balance sheets and income statements for at least three years and for current year, study business tax returns for past three years.
  • Ensure that all past taxes are paid

  • Determine additional working capital that will be needed to keep business running after the sale.

Enterprise/Operational/ Personnel Information:

  • Find out business history.

  • Get the information regarding following: business reputation, date when it was established, history of development, business ownership structure.

  • Get the copy of franchise agreement if it is used in business, learn franchise fee or a transfer fee have to be paid.

  • Identify if some improvements, upgrades or changes within business operations are required and what would be the costs of possible new equipment purchases/ leaseholds, new technologies and so on.

  • Get the copy of unsigned proposed buy/sell agreement. Study proposed terms of the buy/sell transaction.

  • Research if business has any running leases for property, equipment etc and if these leases are transferable.

  • Research local laws to assure compliance.

  • Demand from seller an explanation of his/her reasons to sell the business.

  • Determine if you will be able to continue using of the enterprise's business name, patents, trademarks, trade secrets, product names and any other proprietary information.

  • Find out if any licenses will be required to maintain business operations and what are the costs.

  • Determine if the seller will enter a non-compete agreement after transfer of ownership.

  • Determine if there are any customer product warranties issued by the company that may be future obligations.

  • Learn the company staffing requirements/policy and key employees.

Analyze the roles and salaries of all employees in the business. Decide if you will keep the existing situation or perhaps some changes are required.

  • Research existing employee contracts and benefit packages.

  • Determine if existing employees will stay within the business after the ownership is changed.

  • Determine if the seller agrees to stay in the company for ...

    Order 750 checklists in MS Word and PDF printable format at $49.99 USD only. BUY NOW! 

CentriQS Tasks Management Solution new

Looking for multi-user task management software? Try CentriQS complete task management solution for planning, tracking and reporting tasks, projects, and schedules. Increase productivity of your small business or office by better organizing your employees' tasks and time.

FREE Download CentriQS

CentriQS new -15% OFF
All-in-one business management software
for small and midsize enterprises

VIP Task Manager
Multi-user project management software
to plan, schedule and track project tasks.

VIP Checklists
More than 750 ready-to-use to-do lists
to plan your personal and business life

VIP Team To Do List
Professional task management software
to make and send team todo lists by email

VIP Organizer
Personal time management software
to organize time at home and at work

VIP Simple To Do List
Simple and effective to-do list software
to plan daily chores, trips, wedding, etc.

  Products *Solutions* Download Buy Support Contact My Account 

  Copyright 2004 - 2024 VIP Quality Software, Ltd. All Rights Reserved.

Site Map
Legal Information