레이블이 Company Due Diligence Checklist인 게시물을 표시합니다. 모든 게시물 표시
레이블이 Company Due Diligence Checklist인 게시물을 표시합니다. 모든 게시물 표시

2013년 10월 26일 토요일

Rodrick Gorden's blog ::Small Business Funding, How to fund a startup, Due Diligence (II)






Rodrick Gorden's blog ::Small Business Funding, How to fund a startup, Due Diligence (II)










               One               of               the               benefits               brought               about               by               the               internet               era               is               the               opportunity               to               grow               a               business,               big               or               small,               into               the               global               market.

Today               a               company               in               New               York               or               an               individual               in               London               can               access               the               international               marketplace,               and               start               partnerships               with               a               company               in               Dubai               or               Singapore,               or               find               suppliers               in               Mumbai               or               Beijing.

The               playing               field               is               now               flat,               and               the               world               (overpopulated               and               full               of               concrete)               is               now               global.

Reaching               across               borders               increases               opportunities,               and               creates               more               options               for               profitability.

But,               where               there               are               internet               relationships,               there               is               risk.

High               risk,               in               fact.

How               do               you               know               if               the               company               you               are               about               to               start               a               partnership               with               is               legitimate,               well-established               and               honest?

How               can               you               be               sure               if               the               organization               has               any               criminal               history               or               fraud               activity,               especially               if               the               country               you're               dealing               with               is               in               another               country?

In               China               or               India               or               Brazil,               language               and               cultural               barriers               can               be               major               obstacles,               and               make               international               due               diligence               and               verification               a               difficult               process.

In               most               cases,               lawyers               and               law               enforcement               officials               recommend               contacting               a               professional               international               investigation               firm               for               assistance.



               In               today's               globalized               world,               it's               vital               to               answer               as               many               questions               as               possible,               and               to               verify               as               many               facts               as               possible,               prior               to               submitting               any               payment               or               signing               any               contracts               involving               international               business.

The               risk               for               fraud               and               scams               is               simply               too               great.

If               there               are               too               many               unknowns,               there               are               likely               additional               hidden               truths               that               you               haven't               even               considered.

This               is               the               nature               of               business               and               individuals               to               present               themselves               or               their               business               in               the               best               light.

To               make               an               informed               decision,               you'll               need               to               know               not               only               the               good               points,               but               also               the               potential               pitfalls               and               risk               related               to               forming               a               business               relationship.

You'll               need               the               dirt,               if               there               is               any.

After               all,               being               informed               will               allow               you               to               make               important               decisions               that               will               keep               your               company               profitable               for               the               long               term.

Ignoring               the               risks,               on               the               other               hand,               can               lead               to               victimization               of               fraud               or               scam,               and               even               bankruptcy.

Unknowingly               getting               involved               with               a               criminal               or               an               organization               guilty               of               criminal               acts               can               lead               to               serious               complications               down               the               road,               and               screening               for               such               risks               is               of               utmost               importance.

Prudent               business               persons               hire               a               reputable               international               private               investigator               to               conduct               due               diligence               to               avoid               significant               harm               or               damage               to               their               own               company,               personal               reputation               or               property,               and               minimize               the               risks               involved               in               financial               transactions,               company               acquisitions               and               mergers.
               Expanding               businesses               should               consider               not               only               the               possible               profits               and               opportunities,               but               also               the               possible               red               flags,               and               the               possibility               that,               what               if,               for               example,               the               company               is               not               who               it               claims               to               be?

What               if               the               business               contact               or               supplier               is               not               who               they               claim               to               be?

How               do               I               know               if               my               company               makes               payment,               they               will               truly               deliver               the               product?

These               are               serious               questions,               and               they               need               to               be               answered.

Conduct               due               diligence               to               verify               prospects'               financial               and               business               operations,               employee               count,               confirm               physical               and               financial               assets,               business               filing               and               registration,               reputation,               and               major               shareholders.

Has               there               been               any               history               of               lawsuits?

Have               there               been               any               accusations               of               fraud               or               criminal               activity?

In               a               domestic               relationship,               such               business               questions               can               usually               be               carried               out               in-house               by               a               company's               legal               department.

However,               international               business,               and               international               due               diligence               requires               having               a               team               of               professionals               on               the               ground               to               verify               facts,               gather               important               information               on               the               company,               and               screen               for               fraud               or               scam.


               

               Whether               you're               in               New               York               or               Singapore,               Manila               or               Sao               Paulo,               London               or               Paris,               and               you're               considering               a               relationship               or               merger               or               supplier               or               investment               in               another               country,               do               your               due               diligence               and               be               informed.

For               proper               verification,               it's               important               to               work               with               a               reputable               firm               that               has               international               offices               or               field               investigators               in               the               countries               where               you               need               them,               who               can               work               through               the               language               and               cultural               barrier,               and               have               professionals               on               the               ground               verifying               information               and               discreetly               gathering               facts.

Getting               a               due               diligence               or               international               background               check               is               sort               of               like               insurance,               and               it's               good               to               be               covered.
               Best               of               luck,               
               
               A               Hathaway               
               ©               2011               A.

Hathaway




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    2013년 10월 23일 수요일

    Rodrick Gorden's blog ::Due-Diligence: Developing a Product Offshore (Info, Material, Price)






    Rodrick Gorden's blog ::Due-Diligence: Developing a Product Offshore (Info, Material, Price)










    The               Century               21               Real               Estate               bank               owned               foreclosure               list               provides               nationwide               listings               of               discounted               properties.

    Each               property               is               owned               by               various               lenders               and               priced               below               market               value               to               entice               a               quick               sale.

    Although               bank               owned               homes               are               discounted,               they               generally               require               some               level               of               repair.

    As               with               any               property               investment,               homes               presented               through               the               Century               21               real               estate               bank               owned               foreclosure               list               should               be               inspected               and               appraised.

    Offers               are               presented               to               assigned               Century               21               realtors               and               passed               along               to               the               representing               bank.

    Lenders               then               determine               if               they               will               accept,               reject               or               make               a               counter-offer.
                   The               primary               benefit               of               buying               bank               owned               homes               vs.

    foreclosure               homes               is               the               real               estate               is               sold               with               a               clean               title.

    When               properties               are               sold               through               foreclosure               auctions               they               often               have               creditor               judgments               and               tax               liens               attached.

    In               some               cases,               evicted               homeowners               continue               residing               in               the               home.
                   Buyers               must               negotiate               with               creditors               to               obtain               lien               removal               and               are               responsible               for               commencing               with               eviction.

    Once               the               bank               regains               ownership,               they               take               measures               to               remove               liens               and               evict               homeowners               or               tenants.
                   The               primary               disadvantage               to               buying               bank               owned               homes               is               lenders               are               rarely               eager               to               enter               into               price               negotiation.

    When               banks               initially               commence               with               foreclosure               proceedings               they               place               properties               for               sale               through               public               foreclosure               auctions.

    If               the               real               estate               does               not               sell               at               auction               it               is               returned               to               the               lender               and               becomes               part               of               their               investment               portfolio.
                   Banks               are               in               business               to               make               money,               not               manage               real               estate               sales.

    Lenders               need               to               sell               toxic               assets               in               order               to               maintain               their               line               of               credit               through               the               Federal               Reserve               Bank.

    Since               lenders               incur               substantial               financial               loss               during               the               foreclosure               process,               they               need               to               sell               the               property               at               or               slightly               below               its               appraised               value               in               order               to               break               even               or               minimize               losses.
                   With               that               being               said,               Century               21               foreclosure               real               estate               can               be               a               great               place               to               start               when               looking               for               a               primary               residence,               vacation               home               or               investment               property,               as               long               as               buyers               engage               in               due               diligence.
                   Bank               foreclosures               are               sold               in               as-is               condition               and               buyers               are               responsible               for               repairs               and               renovations.

    Buyers               should               obtain               property               appraisals               and               home               inspections               to               determine               accurate               property               value               and               estimated               repair               costs.

    If               major               problems               are               revealed               during               the               inspection,               prospective               buyers               can               use               repair               estimates               to               negotiate               the               asking               price.
                   Many               home               buyers               and               real               estate               investors               utilize               broker               price               opinion               appraisals               to               reduce               initial               costs.

    Two               types               of               broker               price               opinions               are               available               and               include               internal               BPO               and               drive-by               BPO.
                   As               the               name               implies,               drive-by               BPO               means               brokers               drive               by               the               property               to               obtain               information               about               the               neighborhood,               lot               size               and               exterior               condition               of               the               home.

    With               internal               BPOs,               brokers               enter               the               home               to               take               room               measurements               and               examine               the               home's               interior.
                   In               order               to               place               an               offer               on               Century               21               bank               owned               foreclosure               properties               buyers               must               obtain               preapproved               financing               and               provide               proof               of               funds               with               their               property               offer.

    The               exception               to               this               rule               is               if               buyers               plan               to               purchase               the               property               with               cash.
                   Century               21               bank               owned               foreclosures               include               a               wide               variety               of               residential               and               commercial               real               estate.

    Many               properties               are               priced               below               $5000.

    However,               the               average               listing               price               is               approximately               10-percent               below               market               value               compared               to               other               homes               on               the               market.
                   One               option               to               purchasing               bank               owned               foreclosures               through               Century               21               or               other               realtors               is               to               seek               out               private               real               estate               investors               who               specialize               in               buying               and               selling               distressed               properties.

    Some               investors               buy               bank               owned               real               estate               portfolios               consisting               of               multiple               properties.

    Buying               in               bulk               allows               investors               to               purchase               properties               at               wholesale               prices               and               pass               their               savings               along               to               individual               buyers               and               investors.




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      ...their proposed due diligence information request and ...client's attempt at such a list, I decided it...Arthur Andersen's standard due diligence list. Many years ...
    2. thesmallbusinesstoolbox.wordpress.com/   05/17/2012
      ...corporate or legal adviser is going to have an ‘off the shelf’ due diligence check list. Review the check list, if it looks similar to one you might encounter in the West...
    3. patentdocs.typepad.com/   03/15/2007
      ...appreciate, and benefit from Dr. Heines' book. " Patents for Business: The Manager's Guide to Scope, Strategy, and Due Diligence " is listed on amazon.com for $54.95.
    4. sasfnews2003.blogspot.com/   10/18/2006
      ... of cash to be drawn. You see unlike others, we apply due diligence and care in use of public funds. 3. Before anyone travels to represent...
    5. cfluent.blogspot.com/   03/27/2007
      ... some other considerations but we hope sorting through this short list should help you decide whether you want to provide rating capability on your web site...
    6. darwingray.wordpress.com/   05/27/2011
      ... identified as areas for development. Contains a list of due diligence questions intended to help a prospective director when conducting...
    7. jlmade.blogspot.com/   01/04/2011
      ...that could stem from bad quality. Obviously we could all put our heads together and list more “due diligence” steps and I will do so in future posts. I hope you’ll feel free...
    8. investmentblues.blogspot.com/   04/21/2006
      Yesterday, I posted a list of Due Diligence tools I have come across over...regret joining this active group. Due Diligence does not end here. It also involve...
    9. investkoreasmes.wordpress.com/   04/01/2010
      ...and Lotte, the potential buyers of Daewoo International, are about to start due diligence on the listed South Korean wholesaler, reported Money Today . The report, which cited industrial...
    10. arsovlaw.blogspot.com/   12/08/2009
      ... table. When a seller is presented with a thorough list of required due diligence items by a prospective purchaser, the seller can be overwhelmed...
    11. Due Diligence List - Blog Homepage Results

      .... What should I be looking for?” I wish there was a definitive list of exactly what to for when doing your due diligence
      ...the company and do a thorough due diligence. Guess what, if you come up with... stuck in the rut due to one the things listed above – DO NOT despair and DO...


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