Top Highlights

• The Due Diligence Package Once your pitch collateral starts working, you need to be prepared to back it up and immediately move forward. Bloomberg Business reports that two thirds of the deals made on the TV show Shark Tank end up falling apart. 1 The funding never happens. This can often be because the due diligence blows holes in the pitch, or ot...
• Technology used Financial statements (three years) Information on who is providing accounting services Valuation Capitalization table Exit strategy Company articles of incorporation and certificate of good standing Organization charts List of places the company does business in Credit reports Background checks Inventory and assets list Financial fo...
• Organization: 1.01 Certificate of Incorporation (or equivalent) and all amendments and restatements 1.02 Bylaws (or equivalent), as currently in effect 1.03 List of all business names used by or registered for use by the Company 1.04 List of any and all subsidiaries and affiliates of the Company and jurisdiction of formation 1.05 List of all jurisd...
• Financial Statements and Audits: 3.01 Financial statements for the past three years 3.02 Schedule of liabilities (contingent or otherwise) not reflected in the most recent financial statements 3.03 List of any change in accountants and/or auditors since incorporation 3.04 Copies of audit letters from counsel to auditors since incorporation Taxes: 4...
• 6.06 Employee health and welfare plans, whether insured or self-insured, including most recent Summary Plan Description for each 6.07 All Form 5500 Series Annual Financial Reports and summary annual reports (including all supporting schedules and audit reports) for each employee-benefit plan described in 6.06 above and 6.08 below 6.08 Each tax-qual...