Due Diligence in Acquiring a Business

(996 Ratings)

Produced on: November 05, 2014

Course Format On Demand Audio

Taught by


Course Description

Time 63 minutes
Difficulty Beginner

Purchasing a business is unlike most anything else a person buys in life. Items such as houses, cars, groceries, even cable or satellite TV, have elements with which most all people are familiar. Businesses are different because there is much that goes on invisibly and unperceivably to a potential buyer. As such, the buyer must perform due diligence in order to make sure he or she is getting what is represented.


In this course, Dr. Bart A. Basi covers the basics of acquiring a business. He discusses the importance of due diligence and all the categories that must be examined. This includes legal analysis, financial analysis, and operational analysis. The end result of taking this course will be a better understanding of all the work that goes into a business acquisition, and an appreciation for the level of analysis and research that is necessary.


Learning Objectives:

I.  Gain a fundamental understanding of acquiring a business

II. Analyze the important categories including:

  • Legal analysis
  • Financial analysis
  • Operational analysis


Dr. Bart A. Basi

The Center for Financial, Legal & Tax Planning, Inc

Dr. Basi is a specialist in the areas of business succession, business valuation, mergers and acquisitions, retirement and estate planning, strategic planning, and tax aspects of business decisions for closely held and family businesses. He speaks nationwide, writes, and researches on all of these areas. He has written five loose-leaf bound books, over 300 articles, and has worked with hundreds of businesses and associations. Journals that have published Dr. Basi’s work include Money Matters, The American Journal of Small Business, the Journal of Family Law, The Journal of Estate Planning, The Tax Lawyer, Small Business Taxation, Taxation for Individuals, Taxation for Accountants, Taxation for Lawyers, The CPA Journal and The Tax Executive.

Dr. Basi is the author of  “The Tax Report,” a bi-monthly report on income and estate tax matters for closely-held businesses, “Accounting and Taxes,” a monthly column distributed to individuals and trade journals, and the “Tax Tip,” a monthly tax advisory for the closely-held and family business.


  • Bachelor’s Degree in Accounting, Utica College of Syracuse University
  • Master’s Degree in Business Administration, Syracuse University
  • Juris Doctor in Law, University of Louisville
  • Doctorate in Economics and Accounting, Indiana University
  • Post-Graduate study in Taxation, Stanford University

Professional Licenses

  • Certified Public Accountant – Indiana (1967-2000)
  • Attorney at Law:
    • Kentucky (1969)
    • Pennsylvania (1972-1982)
    • Illinois (1978-present)
    • New York (2010-present)

Academic Affiliations

  • Currently holds the rank of Professor Emeritus at Southern Illinois University.
  • Formerly affiliated with Penn State University, Indiana University, The University of Louisville, and Syracuse University specializing in corporate taxation, estate planning, and business valuations.

Business Affiliations and Memberships

  • Senior Advisor, The Center for Financial, Legal and Tax Planning, Inc. The Center values approximately fifty companies per year.
  • Memberships have included the American Bar Association’s Tax Committees on estate and gift taxes, business succession, and business planning and valuation.

Former Awards, Honors and Recognitions

  • Listed in Harvard Business School Profiles in Business and Management:  An International Directory of Scholars and Their Research.
  • Recipient of educational grants for advanced course work in Taxation from the Practicing Law Institute, New York.
  • Listed in The Tax Analyst Directory and the Lexis Computer Tax Library as a tax professional in the U.S., specializing in family and closely held companies.
  • Listed in Who’s Who:  Comprehensive and National Registries; International Registry;  Leading American Executives, and Among America’s Teachers.
  • Listed as an expert in taxes and business valuations in the Wisconsin and Illinois Register of Expert Witnesses.
  • Member of Phi Kappa Phi, national honorary, Beta Alpha Psi, accounting honorary, and Beta Gamma Sigma, business honorary.
  • Member of the Institute of Business Appraisers


Jamara Leigh F.

That was a really good lecture

Kimberly S.

Dr. Basi was great. I hope he continues teaching more courses. I'm planning to watch all of his lectures.

Karl O.

This program has an incredible amount of useful information. It is one of the best programs I have watched on lawline.

Michael S.

Excellent instructor - great summaries and anecdotes.

william f b.

Good outline of important issues

Tene S.

Knowledgeable speaker! Great program.

joseph b.

Excellent Presentor

Allan M.

Another great one.

Andrew P.

Dr.Basi is a fantastic presenter and has a wealth of useful information. Please offer more courses from him and his team!!!

Clay L.

Dr. Basi is by far the best presenter that I've seen in the Lawline seminars.

Michael W.

Very good presentation. You can tell the presenter had a long background lecturing as an academic. Good beginning overview of a complex topic.

Nahal K.

Dr. Basi's programs are terrific!

Kristine S.

Great presenter! Probably the best I've heard through Lawline.

Arthur R.

Dr. Basi gives excellent understanding as to the why's and wherefores of the areas of investigation

Laura C.

Very good materials.

Leonard C.

Excellent course.

Thomas W.

Outstanding course. Very thorough and informative.

Laurie B.

Very good faculty presenter.

David D.

Dr. Basi is the best!

John G.

One of your best presenters

jack b.

excellent step by step process...

Elizabeth F.

Basi is always thorough.

Kristina K.

this presenter was one of the best I've seen.

Linus W.

excellent instructor, first class

Mark S.

Excellent lecturer.

Derek G.

Dr. Basi is great!

Darryl S.

The information presented in the course will be very useful in transactions I am working on. Thank you for a very thorough job well done.

Dwight B.


Michael E.

Great Speaker.

Bruce L.

Excellent pace, knowledgeable presenter

Virginia G.

Very helpful presentation.

Michael Z.

Dr. Basi is excellent! I would take whatever course he is teaching.

Steven O.

Indispensable information; clear and concise.

Henry C. M.

best presentation I've listened to

Anthony P.

Hands down the best presenter on LawLine.

Rosario P.

always like his programs

Rafael D.

Engaging. Good point on add-backs.

Janet B.

Dr. Basi gives a great presentation !

David K.

Most effective speaker I've seen yet.

Ira Miles P.

Good speaker, easy to listen to.

Wynn K.


David M.

I'm a big fan of this guy --- he's extremely good at what he does!

Joseph G.

Excellent presentation.

Kyana W.

Excellent Presentation

Stacey S.

Great speaker, as always!

Robert S.

Great refresher course Helps refocus on the big picture

Hwesu M.

Very well done.

Maria G.

Excellent speaker.

Wil H.

lots of good practical information.

John D.

Basi is one of your best presenters

Lynn H.

first rate program

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