Checklist for Performing Due Diligence

Checklist for Performing Due Diligence

The following directives must be observed in order to perform due diligence:
 
  • Commence legal and business due diligence as early as possible.
  • Review organizational documents.
  • Review principal commercial contracts and customer lists.
  • Review judgment, title, and lien searches and review pending or threatened litigation against the seller.
  • Review employment and collective bargaining agreements.
  • Review permits and licenses.
For a complete guide to performing due diligence, see Part C, Chapter 13 of LexisNexis AnswerGuide: New York Business Entities (Matthew Bender & Company, Inc.), entitled Buying and Selling Business Entities or Assets: Performing Due Diligence.