What is an often overlooked asset when acquiring a new business?

Question

Quizplus · Accepted Answer

Records can provide valuable information about the history and operations of the acquired business, including customer information, financial data, and legal documents. Failure to thoroughly review and assess these records can result in future liabilities or missed opportunities. Buildings and equipment may be important assets to consider, but they are typically more easily visible and tangible, making them less likely to be overlooked.

What Is an Often Overlooked Asset When Acquiring a New