PARTNERSHIP CHECKLIST

Before going into partnership, we recommend the following checklist to both parties. More could be looked into depending with the size, level and nature of the business, just like other aspects of this checklist may not apply. TRANSPARENCEY is very cardinal for the success of any partnership.

  1. Financials
    1. Financial statements for a year or so to see the performance of the business.
    2. Financial projections for 2 or 3 years to see the viability of the business
  2. Intellectual Property
    1. Copyright, trademarks and patents if any
    2. Any intellectual property litigation
  3. Sales
    1. Who are the customers and what revenues are generated
    2. Any customer concentration issues
    3. Sales policies and compensation of sales people
  4. Contracts
    1. Are there any existing contracts to review before the partnership
    2. Are there any past agreements
  5. Management Issues
    1. Organisational chart
    2. Biographical information
    3. Any labour issues
  6. Any Litigation
  7. Tax
    1. What type of tax
    2. Tax clearance
  8. Corporate Matters
    1. Certificate of registration
    2. Shareholders
  9. Property Associated with Business
    1. Owned
    2. Rented
  10. Insurance
  11. Production Matters
    1. Who are the contractors
    2. Who are the suppliers
  12. Marketing
    1. What are the strategies
    2. Agents
    3. Franchise
  13. Competition
    1. Who are the competitors
    2. Any advantages over competitors
    3. SWOT analysis
  14. AND ANY OTHER VALUABLE INFORMATION TO MAKE A PRUDENT INVESTMENT