Merriam-Webster Dictionary defines due diligence as “research and analysis of a company or organization done in preparation for a business transaction.” Due diligence is the process of being sure that things are as they appear before a deal is sealed.
You want to be sure everything is reviewed and all questions are answered to your satisfaction.Below is a sample of some of the documents that may be included during the due diligence process:
• Legal structure and incorporation of the company
• Business Tax Returns & Other Financial Records
• Insurance policy information
• Organizational structure
• Personnel policies
• Customer Concentration
• Contracts, licenses, agreements and affiliations
• Technology and intellectual property
• Current or potential legal liabilities
• Marketing materials
If you are thinking about buying or selling a business, please contact the Benjamin Ross Group who can help you start the process.