Tuesday, October 18, 2011

Due Diligence Done Right... Do it Virtually

Businesses often encounter situations that require that large amounts of documents and data need to be shared with external parties. Merger and/or aquistions, transfers of ownership, Initial Public Offerings, bankruptcies or any kind of due diligence are just a few examples of situations that require large amounts of data to be accessed and examined by multiple parties. 

Merrill Datasite is a virtual data room services provider that offers a secure and highly efficient method of sharing critical business information for electronic due diligence. When preparing your business for a major financial transaction of some type, be sure you complete a due diligence checklist. A good checklist will give you a precise guide to what documents you need to make available, how the data should be presented and whom should have access to the data. Merrill can provide you with the checklist and help you create the proper presentation in a secure virtual data room.

If your an international company or a domestic company involved in a transaction that spans different countries, you will quickly find that each country has it's own set of laws that govern how financial transaction and events must be handled. For the average business owner, it is very time consuming and near impossible to learn what all the applicable laws are and even more difficult to figure out how those laws apply to a particular set of situations. If your business' financial event is international in nature, you would be well served by getting legal translation services to help you sort through all the legal requirements you must meet to be within the law. Merrill offers legal translation services. Another obstacle in completing international business transactions is the language barrier. Do you want to trust your limited understanding of the French language (or any other language) when you are required to understand and respond to complex business and legal proceedings? I would think not! Instead, it is wise to lose the French dictionary and get some language translation services. Merrill offers language translation services.

Be smart, be prepared and make your business financial transaction a success.

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