In order to keep up with competition there is a lot of pressure to provide services on an international or global scale. When considering what marketplace a business should be in, there is a great deal of importance placed on creating local partnerships. In many market places having a local partner is the only way a company can legally conduct business.
A key element to reducing risk and exposure is knowing and understanding who you are about to do business with. Verifying and validating the integrity of your partners, their businesses, their customer base, vendors, and suppliers should be crucial in making the decision to partner with them at all. Choosing the wrong business partner or making an uninformed investment decision can seriously damage your business and could have implications that go well beyond financial considerations.
Comprehensive due diligence will provide you with the information you need to make an informed decision.