Due diligence refers to the amount of judgement, care, and activity under a particular circumstance. In business law, due diligence is the process of conducting an intensive investigation of a business impending a specific event or decision such as mergers and acquisitions.
In a basic business situation, due diligence is applied in
Transactions involving the sale and purchase of products or services
Transactions involving mergers, acquisitions, and partnerships of entities.
Due diligence is far more intensive than simply collecting and reviewing statements and tax returns. It involves a meticulous review of every asset, obligation, liability, right and relationship of the business that is in question.
At JLG, we will help you:
Assess the value of your acquisition
Weigh liabilities and assets
Pore over financial records
Study extant contacts and disputes that may cause risks
Identify potential closing problems
Possible conflicts of interest
Under our watch, firms in biotech, hospitality, and investment have undergone successful acquisitions and mergers. Our attorneys have a sophisticated understanding of different industries to provide verification of a business’ trustworthiness and avoid violating regulations.