What is expected from a seller in order for Elite to conduct a valuation and to start marketing a business?
The information disclosure requirements for companies vary depend on the type of business. However, most businesses are expected to provide: • 3-5 years income tax returns, income statements, and balance sheets. • Current list of equipment, fixtures, and inventory. • A copy of real estate leases • Information about property or real estate owned or used by the business. • Breakdown of employees with titles, salaries and a short biography for each member of the management team. • Photographs of facilities, equipment, and location, etc. • Summary documentation for any patents, intellectual property, etc. • Marketing materials such as copies of advertisements, articles, Yellow Pages ads, newspaper articles, etc. • Other documentation specific to your business that you believe may have an impact on value. Elite will provide you with a list of required documents and materials. Elite may also require that you participate in a thorough interview allowing us to learn about your business to effe
