Key elements to consider include:
- Accounting and financial reporting.
- Have GAAP inconsistencies been identified and resolved?
- Internal controls and audit functions.
- Have the company’s financials been independently audited and prepared?
- Tax analysis and planning.
- Is the company structured optimally from a tax perspective for its current size and operations?
- Technology and cybersecurity.
- Has the company’s IP portfolio and status or registrations been reviewed?
- Human Resources and compensation.
- Have the company’s benefits been reviewed, and are they ready to transition to a public company?
- Enterprise risk management.
- Has the company hired an Investor Relations professional?
- Does the company have a consistent press release practice in place?
- Stock exchange listing criteria.
- Has the company reviewed the stock exchange listing criteria?
- Legal and financial diligence.