What should you really check before buying a business?

In this episode of Happy Buyer, Happy Seller, Shaun Thornton sits down with CPA and entrepreneur Adrienne Brace to break down the critical role of due diligence in buying and selling a business.

They discuss how buyers can verify financial data, what red flags to look for, and why relying on profit and loss statements alone can lead to costly mistakes. Adrienne explains how professional due diligence works, including how to cross-check financials using bank statements, tax returns, and multiple data sources.

The conversation also covers tax implications when selling a business, including capital gains, C-corporations, and how seller financing (promissory notes and earn-outs) can impact when taxes are paid.

If you're buying, selling, or planning your exit, this ...