When a potential buyer contacts you to buy your business, they will need to see the financial statements for at least the last three years, including tax returns, pro t and loss statements by month for the most recent twelve months and a current balance sheet in order to evaluate the opportunity. Often the seller is reluctant to give out business tax returns to “just anybody who asks for it.” You don’t want your financial information known all over town (or perhaps given to the competition). You can meet the buyer’s need for information and your need for confidentiality by doing the following: Read More: Selling Finance Business First interview the potential buyer. Ask about their background in the industry. Get a sense of whether or not the buyer seems to have the skills and experience to run your business. Next explain that in exchange for giving the potential buyer your financials you will want the following from him or her: A signed nondisclosure or confidentiality agreement. is should clearly state that the potential buyer’s intent is to evaluate purchasing the business and not for the purposes of gaining any information for business competitors or for any other reason. A resume. A personal financial statement.

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