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 [...]