Formation documents and the current ownership ledger, three years of financial statements and tax returns, payroll registers and an employee list, equipment schedules and customer contracts, and a draft purchase and shareholder agreement that a lawyer can test against the treaty requirements.
Everything an officer later asks about the business comes from the seller
Jonas is negotiating for the evidence base as much as for the business. Formation documents and the ownership ledger establish who holds what today and confirm whether the fifty-five percent is held personally or through an entity, which sometimes opens options. Financial statements and tax returns for three years give the valuation against which substantiality is measured and show a real operating enterprise rather than a shell.
Payroll registers and an employee list answer marginality directly. Equipment schedules and customer contracts show what he is actually buying. The draft purchase agreement should state the price, the ownership after closing and the escrow mechanism; the shareholder or operating agreement should set out voting rights and reserved matters.
On his own side he needs a Canadian passport, bank records tracing his capital, and a plan for the added forage work.