Learn more about common financial (and startup) terms here. To learn more about Pilot, fill out the form below.
Due diligence refers to the comprehensive appraisal or investigation conducted by a prospective buyer or investor into a company's business, assets, liabilities, and financial performance before a business transaction such as a merger, acquisition, or investment.
The purpose of due diligence is to identify any potential issues or liabilities before a transaction takes place. This process includes analyzing financial records, operational practices, legal and compliance status, and other critical business details. It helps the investor make informed decisions and mitigate risks.
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