Legal due diligence takes time and business owners can help streamline this process by preparing prior to going to market and organizing the materials that potential buyers are likely to request. (Credit: SergeyBitos/Adobe Stock) Legal due diligence takes time and business owners can help streamline this process by preparing prior to going to market and organizing the materials that potential buyers are likely to request. (Credit: SergeyBitos/Adobe Stock)

The legal due diligence process is a frequent source of delay and aggravation when selling a business. All too often, busy business owners must spend their time — and legal counsel’s billable time — to gather documents that are not well organized and respond to multiple follow-up due diligence requests.

Business owners can help streamline this process by taking time, prior to going to market, to organize the materials that potential buyers are likely to request.

alm small biz adviser logo - 7-6-22Business owners are often taken aback by the scope of potential buyers’ legal due diligence. Usually, potential buyers kick off their legal due diligence by providing due diligence request lists.

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