{
  "name": "Core Due Diligence (8 items)",
  "description": "Essential questions every deal needs answered before proceeding.",
  "items": [
    {
      "section": "Financial",
      "item_number": "1.1",
      "title": "Audited financial statements for the last 3 fiscal years",
      "priority": "critical"
    },
    {
      "section": "Financial",
      "item_number": "1.2",
      "title": "Monthly revenue and EBITDA bridge for the trailing 12 months",
      "priority": "critical"
    },
    {
      "section": "Legal",
      "item_number": "2.1",
      "title": "Corporate organizational chart and all entity formation documents",
      "priority": "critical"
    },
    {
      "section": "Legal",
      "item_number": "2.2",
      "title": "Summary of all pending or threatened litigation, arbitration, or regulatory proceedings",
      "priority": "critical"
    },
    {
      "section": "Commercial",
      "item_number": "3.1",
      "title": "Top 20 customers by revenue with contract terms, renewal dates, and concentration analysis",
      "priority": "high"
    },
    {
      "section": "Commercial",
      "item_number": "3.2",
      "title": "Top 10 suppliers/vendors with contract terms and single-source dependencies",
      "priority": "high"
    },
    {
      "section": "HR & Management",
      "item_number": "4.1",
      "title": "Key employee list with compensation, employment agreements, non-competes, and retention risk",
      "priority": "high"
    },
    {
      "section": "Tax",
      "item_number": "5.1",
      "title": "Federal and state tax returns for the last 3 years, including any open audits or disputes",
      "priority": "critical"
    }
  ]
}
