Legal due diligence takes time and business owners can help streamline this process by preparing prior to going to market and organizing the materials that potential buyers are likely to request. (Credit: SergeyBitos/Adobe Stock)
The legal due diligence process is a frequent source of delay and aggravation when selling a business. All too often, busy business owners must spend their time — and legal counsel's billable time — to gather documents that are not well organized and respond to multiple follow-up due diligence requests.
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