Use the genuine ownership and management agreements and actual role evidence. Identify reserved decisions and limits as well as rights granted.
Avoid an incomplete summary
A cap-table percentage may omit terms relevant to control.
Prepare a chronological evidence trail: the origin of funds, account movement, currency conversion, escrow or purchase terms, invoices, lease commitments, business registration, licences, operating agreement, projections, market analysis, and staffing plan. Entity and ownership records, asset titles and lien searches, the lease and its assignment terms, service contracts, three years of tax returns and payroll, and the seller's licence status and qualifier arrangement. The money stack traces every dollar from a lawful origin to the escrow account: sale agreements for assets liquidated, tax filings reporting the proceeds, loan agreements and security documents for anything borrowed, and consecutive bank statements with no unexplained gaps. From the partner: several years of financial statements and business tax returns, current payroll showing employees, the main service contracts, state licences for the trade, the premises lease, vehicle and equipment lists, and the existing formation and ownership documents.