According to a definition, “A due diligence checklist is a tool used by investors, business owners, and consultants in analyzing a company or organization that they’re acquiring through either a sale, merger or other methods.” Broadly speaking, a due diligence checklist is considered as an organized way to analyze a target company that you are acquiring through sale, merger, or another method. With this checklist, you would be able to figure out about a company’s assets, liabilities, contracts, benefits, and potential problems. Due diligence checklists are generally arranged in a basic format. Although these formats can be changed to fit different industries.