The Bootstrapped Founder 49: Preparing for the Sale From Day One: Getting the Documentation Right
7 snips
Sep 18, 2020 AI Snips
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Use Strong Naming And Structure
- Use clear naming conventions and structure so anyone can find documents quickly.
- Keep non-code assets like logos and templates in the same secure storage.
Separate Personal And Business Accounts
- Separate business and personal finances from day one by opening a business bank account.
- Clean separation reduces liability risk and prevents tax/audit complications for buyers.
Use Dedicated Business Service Accounts
- Create dedicated business service accounts and a business Google/email account for all tools.
- Store credentials in a password manager vault and invite the buyer to that vault during handover.