Due Diligance RYG / XPED

'Due Diligence - DD'

An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to a sale.
Generally, due diligence refers to the care a reasonable person should take before entering into an agreement or a transaction with another party.

Breaking Down " Due Diligence - DD"

Offers to purchase an asset are usually dependent on the results of due diligence analysis. This includes reviewing all financial records plus anything else deemed material to the sale. Sellers could also perform a due diligence analysis on the buyer. Items that may be considered are the buyer's ability to purchase, as well as other items that would affect the purchased entity or the seller after the sale has been completed.
Due diligence is a way of preventing unnecessary harm to either party involved in a transaction.

RYG has a pending due diligence list including;
Legal
Taxation
Finance
Sales
Business operation & industry
Business Assets
Expense & debt

Buying a business is a complex and time-consuming process. You will need to investigate in detail the business you plan to buy, making sure it is feasible and has a well-developed market for its products or services.
You will have to check business records, plans and operations, and familiarise yourself with your competitors and the industry. You will also need to check that the business has the appropriate licences, permits and registrations and find out which ones can be transferred to you.

RYG has lots to do, hopefully DD is completed by 30th Nov on time.​

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