Diligence Checklist

Financial

• Financial statements (P&L, balance sheet) for the last three full years and year-to-date, monthly where available
• Business tax returns for the last three years
• Detail and documentation for every add-back or adjustment claimed
• Revenue by customer for the last three years
• Accounts receivable and payable aging as of the most recent month-end
• Bank statements for the trailing twelve months
• Schedule of all debt, leases, and recurring obligations

Legal & Licenses

• Organizational documents and ownership records
• All material customer and supplier contracts
• Premises lease and any equipment leases
• All licenses, permits, and registrations, with holders identified
• Any current, pending, or threatened litigation or disputes
• Trademarks, trade names, domains, and IP registrations

Operations & People

• Employee roster with roles, tenure, compensation, and any agreements
• Org chart and a written description of the owner's weekly role
• List of software systems and who administers each
• Top-ten supplier list with terms
• Equipment and vehicle list with age and maintenance records
• Documented processes, manuals, or SOPs that exist

Commercial

• Customer contracts or recurring-service agreements in force
• Pipeline, backlog, or booking reports as maintained
• Pricing lists or rate cards, current and prior
• Marketing spend by channel for the trailing twelve months

Insurance & Risk

• All insurance policies in force with claims history (five years)
• Workers-compensation experience rating documentation where applicable
• Safety, inspection, or regulatory correspondence for the last three years