No. State whether the agreement and services are actually in place.
Keep plans and facts distinct
A genuine proposed arrangement may be reviewed without being presented as completed. Explain unresolved terms accurately.
The seller's business tax returns and payroll for recent years, a purchase agreement with escrow terms, a business plan with month-by-month projections, and evidence of the buyer's horticultural and business background. Bring ownership records, the funding history, the purchase or formation agreement, and any loan or escrow provisions, along with the operational evidence that explains what the business will actually do day to day. Keep the signed subscription or purchase agreement, the amended operating agreement or bylaws, the updated share ledger and cap table, and the board or member resolutions approving the admission. The purchase agreement should state the total price and allocate it between equipment, goodwill, inventory and real property or lease. Include the signed agreement and explain every veto or consent right affecting budgets, hiring, borrowing, contracts, or management appointments. Bear in mind that capital sitting in an account is not yet committed; the arrangement must place it irrevocably at risk in the enterprise, so escrow terms and release conditions belong in the same folder.