Due diligence tests the seller’s story against the company’s documents. It shows what the business is worth, what risks sit inside it and what protection the agreement must give. For a buyer it is the best time to find a problem, because the price and terms can still be changed. For a seller, a prepared review makes the sale faster and removes surprises.
- Corporate records: incorporation, shareholding history and past capital changes, including whether the Thai shareholding has always reflected genuine capital and rights.
- Licenses: business licenses, foreign business license and BOI privileges, with their conditions.
- Contracts and property: key customer, supplier and lease contracts, change-of-control clauses, land and property rights.
- People and disputes: employment terms, work permits and any litigation.
- Tax and compliance: filing history, outstanding liabilities and whether annual meetings and financial statement filings were done on time.
- Intellectual property: ownership of the brand, software and designs the business depends on.