During due diligence your business will be scrutinised to an extent you’ll never have done yourself before.
All sorts of things will be uncovered. At one point I was worried I’d be strung up if I ever visited the State of Ohio, which is a bit random. Luckily it all turned out ok thanks to a sole freelancer I discovered working from her garage in Connecticut.
Nothing will prepare you for everything that could come up, but you can do a lot of work up front (aka a readiness assessment) that will uncover most nasty surprises. It’s a good thing to do and something I can help with.
In it you’ll want to take a look at tax, HR, contracts, tech debt, customer relations, tax, accounts, statutory obligations and more tax. It’s an education. Could save you a lot of money. Don’t bury your head in the sand. Most problems can be resolved with a bit of time and money and if you don’t spend it your buyers will knock it off their payment to you times 5.