HOW DO YOU KNOW WHAT IS GOING WRONG IN YOUR BUSINESS??
A proper ‘due diligence’ should be undertaken by an independent expert accountant. There is very little to be gained by doing this vital work yourself because of the inherent subjectivity and bias carried into the job by the proprietor.
Issues such as leadership, health issues, matrimonial matters and skill deficiencies are unlikely to be given the weight they deserve if they are avoided or hidden.
Exit strategies are very often not considered deeply enough along side succession, key man insurance and buy sell agreements. So its important to engage an independent expert who can conduct the analysis in a fearless, transparent manner.
07/04/2017 6:04 pm