Regulatory due diligence quiz
Get an understanding of what you will be asked to provide to a buyer when you reach the due diligence phase of the process.
When you are looking to sell your business, sooner or later you’ll have to go through due diligence. It’s just a matter of when…
Our free quiz will give you an understanding of what you’ll be asked to provide to a buyer when they lift the lid on your business.
Many brokers will be keen to rush your business out to market, and why not? Well, what if this isn’t quite the right time? You may be able to make some improvements first, and fill yourself with confidence for the process ahead.
Regulatory due diligence is the most in-depth part of the sale process, and usually the scariest part for sellers. Buyers know there’s no such thing as a ‘perfect’ business, but their regulatory due diligence will provide them with a warts-and-all report. That’s why you must be well acquainted with this part of the sale process before you begin.
This quiz will help you to look at your firm through the eyes of a buyer, and give you the best chance of success.
Remember that all buyers will have their own regulatory due diligence request, so this quiz is for guidance only. And don’t forget that regulatory due diligence request is updated regularly, given the financial advice profession is regulated and rules aren’t static.
How to get the most from this quiz:
- Use the quiz to see where your business is at today. If you were asked for this information by a buyer, could you provide it in a complete and timely manner?
- Make improvements to your business based on the recommendations given. Even if you aren’t looking to sell, it’s a useful guide to making sure you have all the right things in the right places.
- Don’t take the quiz just one time. Once you’ve made any recommended improvements, complete the questionnaire again and see what your new score is. The quiz will also be updated regularly, so try it again and again to make sure you always have the newest guidance.
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