Determining Financial Ability
Once a potential buyer has signed a Confidentiality Agreement on a company for sale, reviews the blind summary and determines he has a continuing interest, the buyer must then fill out a Financial Statement Form prior to receiving the next level of detailed information on the company, including its financial statements and tax returns. Or, the buyer can provide his own personal financial statement. A corporation may provide its balance sheet.
This is done because the seller has engaged CO Group to maintain the highest level of confidentiality possible and to insure that only buyers who are financially able to purchase the company, should they desire, receive any further information.
CO Group keeps this information strictly confidential and releases it to no third parties except the seller, to assure him the buyer is qualified.
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