Yes, where its terms explain obligations, control or the actual business arrangement.
Use the complete operating proposal
Identify the parties and relevant restrictions. Do not rely only on a sales brochure or assume every fee has the same investment treatment.
Before an offer becomes binding, request three years of tax returns, payroll registers, the customer list with concentration, the lease, supplier agreements and any franchise or distributor agreements with change-of-control clauses. Ownership records, the complete funding history, purchase or formation agreements, and any loan or escrow provisions should be included, together with operational evidence describing what the enterprise will actually do. The shareholders' or operating agreement, the certificate of formation, the capitalization table, share certificates or membership records, board and member resolutions, and any management or employment agreements. Gather employment records, tax filings, sale documents, or inheritance papers for whichever deposits built the balance, then follow the money to the United States business account. Ask for at least three years of financial statements and tax filings, current payroll showing how many employees the business supports, equipment lists with ownership or lease documents, the premises lease and its assignability, and any licences the operation needs.