What To Expect From Financial And Tax Due Diligence

Financial and tax due diligence are a few of the many moving parts involved with selling a business. Most of the time, sellers provide buyers with plenty of financial data long before due diligence even begins. All the additional requests for information can seem repetitive, but financial and tax diligence is critical for both sides of a deal. We were joined by Justin Thomas, Partner in Charge of Transaction Services at Cohen & Company, to the financial and tax due diligence process and the purpose it serves for buyers and sellers of businesses. Among other topics, Justin covers:

• What information is requested during due diligence?
• What if a seller doesn't have the answers to financial due diligence requests?
• How long does financial M&A diligence take?
• What is a quality of earnings?
• How much does a sell side quality of earnings cost?
• What tax issues could delay a closing?

I hope you find the interview useful and informative. If you have any follow up questions, or have a topic idea for a future podcast, please reach out to Chris Hren at chris@mcmcapital.com