The Due Diligence Package

The proper preparation of the due diligence package also saves the Buyer a substantial amount of money on due diligence review. Many times we have seen Buyers spend several thousand dollars on the review of a shell by their counsel only to find out the Seller can not provide adequate due diligence to close on the transaction. The Buyer then has to start all over and find yet another shell to purchase and go through the same process again. Buyers that purchase their shells through Ventana can be assured that we have organized and reviewed all of the due diligence documentation and it is sufficient for Buyer and his counsel to close on the shell transaction. Our normal transaction starts with a review of the Corporate Shell Profile followed by an LOI and deposit that gives Buyer’s counsel a ten (10) day free look at the due diligence package. Buyer’s attorney then prepares the Stock Purchase Agreements (“SPA’s) for both Buyer and Seller to sign. Upon signature of the SPA’s the stock certificates and signed stock powers are sent to escrow agent along with the remaining funds to close on the transaction. This entire process takes three weeks from start to finish.

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