Due diligence is an investigation of a business or person prior to signing a contract, or an act with a certain standard of care.  Think of it like an audit.

It can be an area that tends to get glossed over but it should be taken seriously and there is a process that should be followed.  I would encourage you to spend a bit of time on because I’ve seen a few disasters in my time

If you conduct proper due diligence you can avoid any nasty surprises…

There is a process to follow – whether buying or selling…

Beware of Sellers who:

• Do not disclose important information
• Won’t agree to a period of time for you to conduct due diligence – at least 30 days
• Won’t introduce you to their suppliers
• Are involved in legal proceedings
• Are keen to close the deal quickly