due diligence

Due Diligence Circles the Globe

Municipalities and organizations representing towns, cities, counties and states actively court businesses around the globe to come set up shop in their locales to boost jobs and revenues. When a business from another state or country indicates interest, there is a lot of excitement. However, the potential for consummating a deal has to be tempered by reason. Often that reason extends to a due diligence checklist involving the financial soundness of the business. It should also include a due diligence investigation regarding the business and the executives personally running the business. Your parents might admonish that you are counting your chickens before they hatch if you are part of one of those organizations and don’t perform due diligence to understand who you are inviting into [...]

Due Diligence is Much More than Crunching Numbers

Acquisitions, mergers and partnerships are the trend in business today. Organizations, groups and people are pooling their resources to grow and develop a stronger foundation. Sounds like a great thing, doesn’t it? It is – when everyone is honest and everyone has the best interest of all in mind. That is not always the case and it can have a devastating outcome when something goes awry. The thing is, it’s not just one small business owner that can be targeted and duped – it can be big organizations, municipal agencies, municipalities themselves or even states. No one is immune or safe from deceit. The answer is to perform due diligence. When most people think of a due diligence process, they think lots of numbers and [...]

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