Preparing to Sell

Due Diligence Checklist

A list of documents and questions the buyer wants answered before closing. Why it matters: The checklist shows what the buyer needs to verify, and owners can use it to assign responsibilities and track open items.

Related terms

Closing

The moment when the sale officially happens and ownership transfers. Why it matters: This term affects what must happen at closing, how money moves, and how final obligations are documented.

Buyer

The person, company, investor, or fund trying to buy the business. Why it matters: Different buyers value different things, so knowing the buyer type helps an owner understand likely questions, risks, financing needs, and negotiation style.

More from Preparing to Sell

Auction Process Blind Profile Confidential Information Memorandum Data Room Deal Timeline Management Presentation Process Letter Proprietary Deal Sell-Side Readiness Teaser

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