Invest in an Audit

By Brad Kirkpatrick

Brad Kirkpatrick

If your business has sales of $10 million or more, have your financials audited for three years before you go to market. Even smaller businesses may find that an audit makes sense.

Consider it an investment. With well-organized financials, audited by a respected firm, you will have a much better chance of selling your company at a higher value.

With validated financial accuracy, you increase your buyer confidence, shorten due diligence times, and help get your company sold. I’ve had corporate buyers and private equity groups alike tell me they offer more for businesses with audited numbers. It truly is an investment, versus a cost, that does have a good return at the end of the day.

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Brad has been providing M&A advisory services and other consulting services since 2005 and has facilitated numerous ownership transactions. In 2013, he merged his M&A practice with Cornerstone Business Services.