Do you have the Resources to close a Transaction?
Proof of funds take many shapes and sizes, but it's important to know the buyer has the proof. When selling your company you need to ensure the buyer has the resources to close the transaction. Cash, stock or a combination thereof. It's common practice for the seller to do a fair amount of due diligence on the buyer (we talked about this in the last Shoot the Moon episode). After all it is only an assumption of capabilities until a combination is completed.