WHAT IS DUE DILIGENCE?
Well, according to most definitions, due diligence is a term which is used describe a variety of concepts involving either the performance of an investigation of a business or person, or the performance of an act with a certain standard of care.
In certain instances due diligence may actually be a legal obligation, however the term will more commonly apply to voluntary investigations.
A common example of due diligence in various industries is the process through which a potential buyer evaluates a target company or its assets prior to an acquisition.
However, for the business or person wishing to do business with any country so geographically, politically, and legislatively different, from one's native land, then one had better consider due diligence as an absolute necessity to trading safely and ensuring one does not lose one's investment.
Due Diligence is nothing more nor less than an absolute duty one owes to oneself, or to the business one is employed by, or for which one is requested or required to carry out the task of purchasing goods or services essential to that business' continuance.
THIS IS WHAT CAN HAPPEN TO YOUR MONEY WITHOUT PROPER DUE DILIGENCE!
Particularly, since giving away company assets in the form of money in return for services or goods to far distant business acquaintances, in far distant lands, is a very responsible act, and needs to be treated precisely as such.
At worst - failure to perform due diligence on behalf of the buyer, may be seen to be either irresponsible, reckless, dangerous, or simply gross negligence - or all of the above.
At best - it may be considered to be exceptionally naïve and foolish.
One should never enter into business without the performance of due diligence, if one wishes to ensure the safety and security of one's transaction.
Put simply due diligence - IS YOUR BEST PROTECTION!
More than likely, you can't perform due diligence in China for yourself, due in large part to language and distance barriers, to say nothing of the relevant governmental organisations of which you probably know nothing.
However, we can perform due diligence on your behalf for a small fee.
Contact us for our fee schedule.
