Kutak Rock partner Lisa Sarver recently shared with the Midlands Business Journal why early preparation is critical for business owners considering a sale. She noted that even seemingly minor gaps such as incomplete contracts, outdated corporate records or unclear financial information can complicate due diligence, delay a transaction and affect buyer confidence, particularly for smaller businesses.

Lisa emphasized the value of securing experienced advisers early, including legal counsel, accountants and, where appropriate, other transaction professionals. She explained that maintaining foundational documents such as organizational records, shareholder agreements and key contracts enables owners to respond accurately and efficiently to buyer requests.

The article underscores a practical takeaway for owners: preparing for a potential sale well before a buyer appears can help reduce disruption, identify issues early and support a smoother path to closing. For businesses contemplating a transition, disciplined recordkeeping and a coordinated advisory team can be essential to protecting value and achieving transaction goals.

Read the full article here.

Lisa is Co-Chair of the firm’s national Mergers & Acquisitions group. She focuses her practice on mergers and acquisitions and corporate governance, and on the representation of public and private companies and their boards of directors in the areas of mergers and acquisitions, divestitures, recapitalizations, restructurings, financings and a wide range of corporate governance and other regulatory matters.