Areas of Review
A focused review across legal, financial, and technical domains.
Afissio reviews operative documents to identify issues most likely to create friction during substantial diligence. The review is designed for transaction readiness; it is not an audit, tax return preparation, financial statement assurance, or regulator-facing representation.
Scope of Review
Three domains, one reading of the record.
Each area lists what the review reads and, just as plainly, what it leaves to others. Check the scope against your own situation before a process begins.
01
Legal
The legal review covers governance and corporate records, intellectual property, commercial agreements with customers and vendors, and employment documentation, along with litigation claims and exposure, real property and equipment leases, and business and professional liability coverage. It also considers required licenses and related records, without representation before regulators.
Governance
Corporate
Commercial
Employment
Intellectual Property
02
Financial
The financial review examines capitalization — investment and financing records, loans, notes, equity grants, and cap tables — alongside operating results reflected in revenue, expenses, profit-and-loss statements, and balance sheets. It also considers federal and state filing currentness, including sales tax, though not the content or accuracy of returns.
Capitalization
Operations
Tax
03
Technical
The technical review covers software, including services, applications, AI models, and other software products or services; hardware, meaning physical computing equipment and devices; and data, including documentation concerning data flow, privacy, security, and AI use.
Software
Hardware
Data
Our work depends on aligning capital, design, and people long before anything gets built. Afissio has been a genuine partner in that alignment: sharpening how we present the company to investors, thinking through what a raise actually demands of us, and helping us work out what the team needed to look like. They engage with the mission rather than only the mechanics, which is rarer than it should be. We’re building on a long horizon, and that’s the kind of partner that holds up over one.
Erik Gillberg
Co-founder & CEO, Now City
Frequently Asked Questions
What companies ask about scope
Is the review an audit?
No. It reads operative documents for transaction readiness. It is not an audit, tax return preparation, financial statement assurance, or regulator-facing representation.
Which documents does the review read?
The operative record across the three domains: governance and corporate records, contracts, employment documentation, capitalization and financing records, operating results, and the documentation behind your software, hardware and data.
Do you prepare or check our tax returns?
No. The financial review considers whether federal and state filings, including sales tax, are current. It does not review the content or accuracy of the returns themselves.
Will you represent us before regulators?
No. The legal review considers required licenses and related records, but it does not include representation before regulators.
Can the review cover only one domain?
Scope is set at the start of an engagement. Most companies are reviewed across all three domains, because friction in one usually shows up in another.
What happens after the review?
You receive the issues found, ranked by how likely they are to create friction during diligence, so they can be resolved before a counterparty finds them.
Still a question about your own record?