An Offering Memorandum, also referred to as an OM, is like a prospectus and the term is used interchangeably worldwide for private offerings, yet for private offerings the term mostly used is prospectus. At this point, you just want to be prepared by having the forms ready to use. Buyers understand they'll need to sign confidentiality or non-disclosure agreements before receiving information on businesses for sale, so be ready and don't be hesitant about asking. Use a form provided by your broker or attorney. Talk to them about steps to follow when screening and qualifying potential buyers, including when to obtain confidentiality agreements before sharing information.