← The file that decides whether your price survives

Heritage Insights · printable · v1.0 · 2026-08-23

The evidence index

One page. No email was asked for this, and none will be. Print it, mark it, take it to your accountant.

The forty-one requests a competent buyer works through after an LOI — as a checklist you run on yourself, years early if you can, this week if you must. Mark every line honestly; the third column is your build plan.

The requestHave itCould build itCannot answerOwner / date
1 · Corporate — whether the thing being bought is cleanly and provably owned by the person selling it
Formation documents and amendments☐☐☐
ownership ledger and any option or phantom arrangements☐☐☐
board or member consents☐☐☐
licences held, by number and expiry☐☐☐
registered agent and good-standing evidence☐☐☐
2 · Financial — whether the earnings figure is a measurement or an assertion
Three years of filed returns☐☐☐
three years of monthly P&L and balance sheet☐☐☐
trial balance☐☐☐
AR and AP ageing at three dates☐☐☐
bank statements matched to a sample quarter☐☐☐
the add-back schedule with evidence attached☐☐☐
budget versus actual, if it exists☐☐☐
3 · Revenue & customers — whether the revenue is a relationship, a contract, or a habit — and whether it is the company’s or the owner’s
Revenue by customer by month, thirty-six months☐☐☐
contracts and renewal dates☐☐☐
the top-ten concentration table☐☐☐
churn and win-loss, however informally kept☐☐☐
pricing history and the last three increases☐☐☐
4 · People — whether the work survives the handover, and what exposure rides along with it
Roster with role, tenure, and pay☐☐☐
the org chart as it actually operates☐☐☐
classification of every worker☐☐☐
overtime and meal-break practice☐☐☐
non-competes and any agreement with a change-of-control clause☐☐☐
open roles and time-to-fill☐☐☐
5 · Operations & assets — whether the business runs on systems or on one person’s memory
Equipment list with age, hours, and maintenance history☐☐☐
lease or deed and the rent basis☐☐☐
capital spending, three years back and one forward☐☐☐
the systems inventory and who administers each☐☐☐
a written description of how a job moves from enquiry to cash☐☐☐
6 · Legal & compliance — whether anything in here becomes the buyer’s problem the day after closing
Litigation, closed and open☐☐☐
permits and inspection history☐☐☐
environmental for any coatings, solvents, or refrigerants☐☐☐
warranty and callback history☐☐☐
regulatory correspondence☐☐☐
7 · Insurance & risk — what the file says about operating discipline, before anyone visits the shop
Policies and limits☐☐☐
five years of claims and loss runs☐☐☐
experience modification history☐☐☐
certificates from every subcontractor☐☐☐
any coverage gap or lapse☐☐☐
8 · Tax — whether an unpriced liability is riding into the transaction
Payroll tax filings☐☐☐
sales and use tax position and any nexus question☐☐☐
property tax☐☐☐
any notice, audit, or open matter☐☐☐

A request list, not a legal or accounting requirement; what your business actually needs is a question for your own advisors. This sheet produces no number and no valuation — deliberately. Education, not advice: your accountant, attorney, and family make every real decision with you. Heritage Platform Group is a principal and advisor, not a broker. © 2026 Heritage Platform Group, Inc.