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Article: Due diligence
- Article from:
- Smart Business Philadelphia
- Article date:
- April 1, 2006
- Author:
CopyrightCopyright Smart Business Network Apr 01, 2006. Provided by ProQuest LLC. (Hide copyright information)
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Chris Meshginpoosh
Director of consulting services
Kreischer Miller
"Due diligence" is a term thrown around quite a bit among lawyers, accountants and consultants during a business acquisition. But what does it mean for the business professional involved in a commercial transaction?
While many business owners may have a vague idea of its implications (a lot of information needs to be gathered within a certain timeframe to protect the company's financial interests), what they may not know is that due diligence is a prime opportunity to go beyond the numbers and find out if the perceived value of the company is at risk once the deal is done.
"One of the biggest mistakes that inexperienced ...