Preparing Your Startup for Acquisition

So you’re facing acquisition talks. Great! But, are you ready? Preparing for a potential acquisition should, ideally, happen before a real acquisition ever becomes a looming possibility. Common wisdom says that you should have everything organized so you can provide all the necessary requested documentation. Okay, but what does this mean exactly? What do you really need to do to have all of your ducks in a row? Read on for more information about the acquisition due diligence process, what you need, and how to prepare. Get your financial statements and accounting records in order – The potential acquiring company is going to dig deep into your historical financials. Way deep. You’ll need to prepare pro forma statements at both a summary and detailed level. You also need to have supporting schedules for all of your asset and liability accounts as well as supporting documentation for your revenue and expense …
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