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You have been searching for various businesses for sale and now you have found that perfect business to buy. The business is represented by a reputable broker. You are comfortable with the terms, and now you wish to enter into contract and proceed with the due diligence phase. Everything you have been told by the seller and broker sounds good and feels right. So whats next? How deep do you need to dig?

Deep my friend. Yes, most brokers are very reputable. But remember they…