Due Diligence

Due Diligence Profiles for Business Transactions

The Miriam Webster dictionary defines Due Diligence as a noun. CIC defines it as a verb – an active process of increasing safety, security and knowledge through experienced research and investigation.

1: the care that a reasonable person exercises under the circumstances to avoid harm to other persons or their property

2: research and analysis of a company or organization done in preparation for a business transaction (as a corporate merger or purchase of securities)

Individuals work with CIC to vet, or provide research on the backgrounds of nannies, contractors and other service providers who may have access to family members, homes and finances. Have you checked out your financial planner?

Businesses work with CIC to vet contractors, service providers, potential business partners, potential business buyers, as well as to gather data prior to business acquisitions.

Law Firms work with CIC to vet or verify the background of potential witnesses, plaintiffs, defendants, opposing counsel and clients.

Accounting Firms work with CIC to research potential clients, as well as entities and principals involved in business transactions.

In today’s economy, performing due dilgence is a smart investment.