Due diligence is the process of investigating a business before making a major business decision, such as buying or selling a business. The purpose of due diligence is to assess the financial condition, assets, liabilities, and other relevant matters of the target business. This information can help you make an informed decision about whether to proceed with the transaction.
A lawyer can help you conduct due diligence by reviewing the target business’s financial statements, conducting interviews with management, and reviewing other relevant documents.