Verifying financial statements on an Internet business is often easier to do than with a traditional brick and mortar store. Because Internet businesses tend to be much simpler to run with fewer moving parts, there is less to verify.
As a general rule, BizBroker24 e clients will be able to verify their financial statements with 3rd party documents. This is usually bank statements and merchant account statements. Tax returns can also be used, however, most tax returns for small businesses are not reliable methods for verifying financial statements. This is primarily due to owners either reducing their income for tax purposes or running multiple money generating websites through one tax entity.