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Law Educator, Esq.
Law Educator, Esq., Attorney
Category: Finance
Satisfied Customers: 90315
Experience:  All corporate law, including non-profits and charitable fraternal organizations.
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I am preparing to sell my business. I have given the prospecitve

Customer Question

I am preparing to sell my business. I have given the prospecitve buyer copies of income statement and tax returns. He now wants me to send a copy of my quickbook records to bookkeeper. Is this a valid request.
Submitted: 10 months ago.
Category: Finance
Expert:  Law Educator, Esq. replied 10 months ago.
Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.

As part of the due diligence request, the buyer is entitled to see not just income statements and tax returns, but they are allowed to inspect the actual books of the business as well to determine if the profits and losses and expenses are what were claimed. This is quite normal for someone conducting their due diligence before business purchase.




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