Buying a business is a major decision and not one to be taken lightly; buyer’s need to ensure that they have as much information as possible before making the final decision. Many business owners however, are reluctant to divulge confidential information regarding their entity prior to a conditional “Sale and Purchase of a Business” contract [...]
Attorneys in Illinois, notably Chicago medical malpractice lawyers, must exercise “reasonable diligence to obtain service on a defendant” after filing a lawsuit; otherwise, the case may be dismissed. Illinois Supreme Court Rule (”Rule”) 103(b).
In Case v. Gallesburg Cottage Hosp., 227 Ill. 2d 207 (Ill. 2007), the Illinois Supreme Court held that a trial court should [...]
Congrats to fiction client Linore Rose Burkard for going the extra marketing mile! In preparation for her upcoming novel, Before the Season Ends, WildFire taught Linore how to define her core audience. Then, she searched the Internet and located over 125 specific reader groups. Plus, she's creating a library of resources that positions her as a go-to expert in the "Jane Austen / Regency" genre.Thi
It happens all the time when you engage in acquiring a new property through contract, there is not much information about the property known at that stage. All you may know is the details of the financial statement and rent payroll or you've visually inspected the place by driving around the block. This is more than enough deta [...]
The due diligence period is an incredibly important period in any real estate transaction — it is the time in which the buyer reviews all the material information on a property, and perform any onsite or off-site inspections that are relevant to the property.
There are several important things to remember in negotiating due [...]
The most important, but often overlooked step in the franchise purchase process is this: Research. Why do most potential franchise owners miss so many important steps???
Establishing a medical accounts receivable factoring relationship is more intricate than it is for a manufacturer, distributor, trucking company, or temporary staffing agency. That’s because in the case of the latter industries, the invoiced amount is usually fixed in nature. With factoring third-party medical receivables, the expected amount to be collected is cloudy. That’s w
For many the differences between Commercial real estate properties and residential properties can be daunting to define. It is all about assessing value. The value of a commercial property can be determined by setting an inverse proportion to the degree of risk inherent to the continuance and stability of the income stream from the property. Each type of commercial property has varying degrees of
The buyer of a small California business needs three experts on his or her team when conducting due diligence. What are their functions and how do they carry out their work in the case where a seller's statements about the company's earnings cannot be proven? Here are some insights that will be useful for someone engaged in, or planning to conduct due diligence.
Reuters.com published this deansguide article August 3, 2008
Who is this man and how will he change your life? For the answer go to the bottom under “Recommendation”
The following is a blog services review with a rich variety of information reviewed so that you can evaluate which blogging platform is best for your blog. The review [...]
The media has presented some extreme cases in the last year of what can happen if you fail to check each and every aspect when buying or renting a property – from sex-offenders as property owners to buildings that fall on the other side of the property line. These may be extreme examples, but they both underscore the importance of getting to know every aspect of what you are getting as a buyer
When a company wishes to use accounts receivable factoring as a means of acquiring working capital, they fill out a simple application and provide supplemental information that the factoring company requires. Information about customers, an aging schedule, and banking information are all part of the application process. Once the factor determines the company [...]
Many buyers find themselves fretful over add backs and owner benefits when it comes to due diligence; unfortunately, this concern often overshadows the fundamental objectives of due diligence. During due diligence the buyer's main goal is verifying the business' earnings and discovering whether or not the business will fulfill the buyer's requirements.
Back in my corporate days in the dot com industry, there was always a great amount of due diligence taking place. We were always looking at acquiring competitors and they were always looking at acquiring us. And if you were going to spend $50MM of someone else's money purchasing another company, you'd better make very sure that you have done all your homework and you know what you
Due Diligence QuestionsHedge Fund Due Diligence QuestionsLast month I found this article on questions you should ask during a hedge fund due diligence process. While nothing within this blog should be taken as financial advice this article and the hedge fund due diligence guide on my website might give you a high level overview of hedge fund due diligence.According to Douglas Dick, the best plac
Fund of FundFund of Fund Due DiligenceI recently found this fund of fund due diligence article which you might have seen a link to within my hedge fund due diligence guide. Within this article Jim Tomeo, Chief Operating officer and Senior Portfolio Manager of SSARIS Advisors, presents some interesting information regarding hedge funds asset allocation process. He talks a lot about building a port
Before you pay anyone a retainer, investigate. Swindlers are attracted to money. The essence of equity finance is money. There's no shortage of crooks involved in the Stock Market.
Relying upon business references is a mistake. Honest business people refer you to associates that they know will give them a good reference. The crooks use a business reference service, run by swindlers. The crook's
Third Party MarketingThird Party Marketing Due DiligenceHedge funds conducting due diligence on a third party marketing firm should always ask questions about the firm and their employees. Evaluating a potential marketer should be as rigorous as completing a RFP for an institutional consultant. A partnership is being formed, and investing time and money with the wrong professionals can be expensive in terms of real dollars and opportunity costs. Areas to cover while conducting due diligence on a third party marketer include: Past work experienceCurrent licensing and broker check Asset-raising history throughout their careers asset-raising track record while working together within the firm Referrals from past hedge fund clients Number of years experience Scope of their distribu
With all the mention in the last decade about cloning and so on, this is worth a mention. I have read where the Illuminati's scientists have been experimenting with trying to clone a super human race. And with all the incredible technology that's available today such as nano-technology we can't put anything past them. I believe they want to create super human soldiers through cloning that will follow orders without conscience. To be used for any service they want. Just use your imagination.The staple of this post is about an article I read that I thought was worth mention for sure. It is about DNA privacy. We know that the Illuminati will not stop at anything when it comes to control. When we think of the Verichip microchip and the different mind control ideas they are experimentin
Hedge Fund Manager Due DiligenceOngoing Hedge Fund Manager Due Diligence I recently found a great article on hedge fund manager due diligence, it focused on ongoing hedge fund manager due diligence. When reviewing a hedge fund, process transparency is crucial to the method as risk transparency. Institutional investors must hold the prerequisite that their investments meet the prudent man standard. They need to understand; what a hedge fund manager’s abilities are; is there a process for measuring and assessing risk as well as reward; the manager’s strategy and allowable deviations from it; the safeguards in place to shun fraud; that the people operating the hedge fund are honest. Some additional topics to consider are alpha generation, risk measures, risk mitigation strategies, basis
Hedge Fund Due DiligenceHedge Fund Due Diligence Guide New hedge funds are launched daily, which is constantly increasing the importance of determining which hedge funds are appropriate for you or your firm to invest in becomes increasingly important. Every person or company is going to have different investment horizons, risk tolerances, strategy preferences, etc. so it is usually more valuable to know the basics of how to evaluate a hedge fund then it is to hear someone say which hedge funds are "the best." I think giving hedge fund recommendations even to the degree of suggesting exactly how to evaluate a hedge fund is too close to finance advice to put online but the SEC website does provide this advice in conducting a minimum level of hedge fund due diligence before investing:Read a f
I wonder what Gordon Gekko would say today about greed being good, because in the long run it certainly didn't work so well for the housing & mortgage markets. In fact, it seems that it was greed which was a primary culprit in keeping loan reviewers at bay who were raising red flags as questionable sub-prime mortgages were taking off. From the L.A. Times:Freelance financial watchdogs who examined the paperwork on sub-prime home loans being sold to Wall Street had an inside view of the boom in easy-money lending this decade. The reviewers say they raised plenty of red flags about flaws so serious that mortgages should have been rejected outright -- such as borrowers' incomes that seemed inflated or documents that looked fake -- but the problems were glossed over, ignored or stricken f
This week I received a comment that peaked my interest and begged the question, When should I add Google AdSense to my website? This was not the first time that I heard this question. It always comes up when people launch websites and it is always in connection with generating traffic. So is it good to add AdSense on the first day of launch or should AdSense be added when web traffic reaches a certain level. Well, lets look at mindset and were you plan to promote your website.Where you promote your website in the beginning will directly attribute to if you use AdSense in the beginning or not. I am a believer that when you first start launch a website you should use directories as some of the first linking partners. Directories like yahoo directories, DMOZ and Google directories are the per
Barclays (BCS) has sued Bear Stearns (BSC) over the failure of two of the US companies hedge funds. In particular, the bank says that BSC dumped $500 million...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Never invest in anything because it sounds good. Do your Due Diligence first. Due Diligence (DD) is the process where an investor investigates the attractiveness of an opportunity and assesses the quality of the management team and the key risks associated with the investment. It is the best method of verifying the validity of a particular situation or opportunity. It helps to discover everything about the investment before investing your money. Due diligence is probably the most critical stage of investing. It is a complete examination and evaluation of the investment situation. The DD process should begin the moment an opportunity becomes of interest to you. Your goal is to make certain that you uncover every potential and pitfall of the opportunity before you invest. The Internet is a
Willard Michlin principal at Business Buyer Services - a due diligence and valuation firm for business buyers is offering a live workshop for buyers in the LA County area on October 3rd, 2007.
There are many sites and the retailers offering the list of bidding of car of government and merchant of car bidding. Some are the true business while the majority make a fast male while sending to you to biddings saturated with merchant of car of gorvernment. I personally saw merchants car to become insane with bidding of this merchant of car almost doubling the price of these cars to the biddings of government test to frighten competition far. Maintaining so that are you to make to surmount this immodest� and to be obtained actualy a nice business bidding of car of government. Spout out my best bet for you is to make your diligence before you test with steping equal on the floor of a bidding of car of government. Yes sometimes it is possible to discover the reputation and the history of sales of a bidding of merchant of car but in my years and the experiment the majority of the biddings of car of government always have data of coninsice of their fleets that can help you by making t
You’re on the trail for an acquisition. You’ve found one that looks promising and you get an agreement on a term sheet. Now, it’s time to do, you’re homework on the transaction before it closes. In other words, work on what’s commonly called, "Due diligence."
I’d like to call it a different term – "Do diligence."
It’s a play on words, but there’s an important psychology with it.
Due is a very reactive word. Do is very proactive. You can make a case that yes a lot of the material is due you. However, even if it’s due you, it’s still up to you to make sure you get it. It’s still up to you to make sure that it really happens to your satisfaction as the buyer. Being to your satisfaction means not only do you get the material, but it’s also in a form that you want and that it’s understandable, with any questions getting explained by the seller.
Due implies the ownership is with the seller. Do, on the other hand, means that you are taking responsibility for the i
Please be aware of the potential that we are in an ultra-rare debt/credit induced speculative boom across asset classes. It certainly could pay off significantly to create safehaven reserves to protect against a “worst case scenario”. The article below highlights one reason to be wary.
Click here.
Everytime I get real busy, I will somehow have a lot of thoughts stirring in my mind. I will think about life and ask myself questions like ’why did something turn out this way’. Although these thoughts aren’t new and most people have thought of it at least once, I still think that I should blog about it. There’s a simple reason for blogging about it: Sometimes we humans are just so oblivious to the most obvious.
Anyway, I think the topic of whether some people are born smarter than others is an interesting one. When it comes to my thoughts on this, I stand pretty firmly with the notion that, apart from the mentally-impaired, anyone can become more ‘intelligent’ than others. It’s all a matter of diligence. I’m probably going to get shot and criticized for even thinking about this, but it’s sincerely what I believe. Think about it, have you ever seen anyone who is smart but have never been diligent in any point of his/her life? If y
“Diligence is the mother of good fortune, and idleness – its opposite – never brought a man to the goal of any of his best wishes.”Miguel de Cervantes (1547 – 1616) Spanish novelist, poet, and playwright
When doing research before investing in a unit trust, stocks or hyips, most ppl conduct some form of due diligence.. this passage showcases a number of due diligence myth that ppl shld take note of before investing
Are you doing your Due Diligence? Everyone in the high yield investing words speaks about this. You have heard it many times - “Do your DD and you’ll be OK”.
Is this really true? You
