In-depth Research

By confirming the integrity of possible associates is similar to purchasing an insurance policy to protect from business risk. Due diligence is the confirmation of all data received by any potential business partners. The process is inclusive of:

  • An detailed credibility calculation of the company and its main executives
  • A check civil, criminal, and bankruptcy records, both county and federal, to expose suits, liens, judgments, convictions, and bankruptcy filings
  • Databank searches for any material printed freely, (e.g., books, magazines, newspapers, congressional hearings, crime commission reports), about the corporation or officers.

In almost every important business choice, from mergers and acquisitions, to brand-new hires or clients, the ability to trust individuals and businesses they represent is invaluable. Due diligence investigations are particularly important in the following situations:

  • Accepting a new customer
  • Finishing a merger or acquisition
  • Establishing a partnership
  • Settling a franchise or a license agreement
  • Founding overseas relations
  • Managing or investing in an preliminary public offering
  • Employing new personnel

Sadly, dishonest people are inevitable in the business world today. Many people may distort their intentions or themselves. For instance, a company may exaggerate its abilities, elevate its assets, hide its limited financial stability, or possibly deny bankruptcy, criminal, or civil cases.

Understandably, not all due diligence examinations expose derogatory findings. However, a current study discovered that nearly 17 percent of corporations studied altered themselves in one way or another. Due diligence decreases risk by confirming the integrity of all companies and people who do business with you. Smart businesses conduct due diligence investigations regularly to confirm information and reveal discrepancies, hyperboles, and undisclosed facts. This supplementary check guarantees that everyone involved in a projected relationship is truthfully represented.

When entering into a new business relationship, poor decisions are increasingly being scrutinized by shareholders and staff, even resulting in lawsuits.

A business could be faced with legal challenges if the well-being of its employees is in danger because of a bad partnership. On the basis that a business didn’t perform responsibly in due diligence, shareholders may start a lawsuit. If a mistake such as that is made, the company suffers from a fallen relationship, as well as a possible lawsuit from staff or shareholders.

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Invitation to the Think Global Conference

Please join us for the 2019 Think Global Conference, being held in Chicago, Illinois (22nd – 23rd of October, 2019).

The Think Global Conference is open to manufacturers, exporters and related service providers as well as anyone involved in international trade (logistics, supply chain management, trade finance etc) and is the premier event for those wishing to grow their business through knowledge sharing and networking.

At the Think Global Conference you will:

  • Network with government trade officials, leading private sector experts and like-minded businesses (from the US and abroad) who are active in overseas markets
  • Identify new and emerging markets of opportunity ahead of your competition
  • Prime your business for export-readiness (or, if you’re already exporting – get assistance to export even more!)
  • Learn about the opportunities created by the US-Sino Trade War
  • Participate in panel discussions and workshops covering the latest industry challenges and trends
  • Learn about export programs and services designed to cut your time to market
  • Meet one-on-one with Government Ministers and Diplomats from 28 nations

Don’t delay – places are very limited!

Click here to learn more

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