The Board of Directors of ANJ Limited is planning to acquire a company to expand its business. What points the Board should consider to get the best possible business acquisition?

The following items are essential and should be considered carefully if the company wants to get the best possible business acquisition: Strategy: The single most important action is to define a clear strategy with realistic objectives. Profile: Create a profile or an outline of an ideal acquisition target and get some initial indications of how much such an opportunity might cost. Budget: Prepare a budget for expenses associated with doing a deal. Plan: Before starting the process, it is important to create a plan that clearly shows how the acquisition will be financed. Approval: Get necessary internal approvals of essential authorities like board of directors and shareholders. Team selection: The right project team could serve the maximum results. Hence getting a good team is essential for completing the project successfully. Combining internal assistance along with external support will help in getting best results. Formalities: Study in detail the legal formalities required before starting the process is necessary. Tax Liability: Getting complete information about the possible tax consequences beforehand can help in planning and also reduction in tax liability.