By Brad O'Connor
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June 16, 2023
Due diligence is a crucial part of buying and selling businesses, but what exactly is involved? In this article we’ll take a deep dive into the process, to help get you started. First things first, what exactly is due diligence? Simply put, it is a thorough review of a company’s financial records, legal issues and market positioning before the acquisition takes place. The process typically starts once the buyer has found a business that they’re interested in purchasing, but before any definitive purchase agreements are signed. This extensive research process helps to avoid any unpleasant surprises for either party after the deal is complete.