Due diligence is an absolute necessity when investing in a company, by merger, acquisition or stock purchase. And due diligence is just as important for the target business, to make sure the suitor is a proper fit financially and ethically.
5 Due Diligence Tips for Small Business Acquisitions Under $250K
A business due diligence report is designed to prevent one all-too-common lament after a business acquisition: “If only we had known.”
Businesses often buy others for what seems like a good price only to discover unexpected problems that, if not insurmountable, are at least difficult to overcome. Don’t think that because the business being purchased is small — valued at $250,000 or even $150,000 — that it is immune to complications. A due diligence report will explore factors that are important considerations not only in acquisitions of small businesses, but also in mergers, virtual partnerships or even just close business relationships.
El Salvador Background Checks - Facts & Stats
El Salvador sends more people to the United States than any other Latin American country after Mexico. About 1.4 million Salvadoran-born people live in the U.S., many spurred to come here by natural disasters — a hurricane in 1998 and two earthquakes in 2001.
Of course, people have their own reasons for immigration, and Salvadoran immigration has continued since those events. The nonpartisan, nonprofit Pew Research Center calculates that Salvador-born immigrants in the U.S. increased by 142 percent between 2000 and 2017 alone.
India Background Checks: 6 Things To Know Before Hiring from India
Background checks in India have become more commonplace for U.S. employers.
One reason is that Indian immigrants in the U.S. have increased in numbers in recent years. Estimates are that Indian-born immigrants in the U.S. number as high as 2.688 million, a 13-fold increase compared with 40 years earlier and a 50 percent increase in the past decade alone. Indians trail only Mexicans and Chinese as new arrivals in the U.S. annually, according to the Columbia Business School.
Argentina Background Checks: 5 Things Employers Should Know About Doing Background Checks in Argentina
Let’s look at five things U.S. employers should know about background checks in Argentina.
Global Backgrounds offers a complete line of international background checks on Argentine nationals who are in the U.S. already or have applied for work during the process of immigrating here.
NYC Background Checks: 10 Background Check Rules That Every NYC Employer Should Know
If you’re a New York City employer who thinks hiring has become a lot more complicated, you’re right. Laws that have come on the books related to background checks make it incumbent upon the employer to safeguard the rights of job applicants.
Is there a place where hiring is as complicated as it is in New York City? Probably not. The city has sheer size and numbers that make it so, and an economy that’s bigger than what many countries can boast, plus a litany of laws that protect the rights of job applicants.
Brazil Background Checks: How Our Company Conducts International Background Checks on Brazilian Citizens
It shouldn’t be surprising for a Brazilian immigrant to earn an interview with a U.S. employer for a management or professional job, especially in regions of the US like South Florida. According to the Migration Policy Institute, a U.S.-based non-profit that studies immigration, Brazilians in the U.S tend to be better educated than other nationalities from Latin America, and as a group attain a higher level of education than U.S.-born citizens.
Mexican Background Checks - Fast Facts & Services for Employers
Mexico sends a high percentage of foreign-born workers to the United States. Only a professional background search company, such as Global Backgrounds, can adequately verify the value of potential foreign born employees through international background checks.
Mexico, which shares a long border with the U.S., has sent more immigrants to the U.S. than any other country, according to the Pew Research Center, a non-profit U.S.-based fact generator. That means the likelihood of a U.S.company interviewing and finding interest in a Mexican-born job applicant is higher than for almost any other nationality.
How Long Does It Take To Do an International Background Check?
Why Employers Need Written Background Check Policies
How Long Are Candidates Willing to Wait for a Background Check?
You’re an employer who is ready to make an offer to the sharpest candidate in your search to fill a position. All that is needed is completion of a background check.
But how long will that take? Data indicates that the sooner a background check is obtained, the better an employer’s chance of keeping the job candidate. A job candidate’s willingness to wait depends on a few things, including the age of the job applicant.
How Do EEOC Regulations Affect Background Checks?
A Background Check Could Have Saved This Church $195,000
Should You Do a Background Check on Existing Employees?
Employers increasingly are realizing the importance of doing professionally conducted background checks on job applicants, whether it’s a domestic employee background check or an international background check for a candidate who works or lives overseas. A background check can uncover criminal activity, civil suits that reflect on past job performance or personal behavior, and financial irresponsibility.
What To Do if a Job Candidate Fails a Background Check
Employers are smart to do a background check on every job candidate, including an international background check where relevant.
An international background check is absolutely relevant for every foreign national who applies for U.S. employment, and who applies for overseas employment by a U.S. company. It’s also advisable for a U.S. citizen who has spent significant time in a foreign country, either living there full time or part time, or working there. Consult our suggestions on when to order an international background check.
Do I Need Permission To Do an Employee Background Check?
If you are ordering a professionally done background check on someone, you’ll be digging up a lot of information, or at last the professionals you hire will be. Some of the details might not be too pleasant. Information might be uncovered that the subject of your check would rather people didn’t know—and that potential employers need to know.
That’s where a conflict arises: the subject’s right to privacy versus the employer’s right to know. And it’s where permission from the subject becomes a priority.
That leaves one important question:
Must you obtain permission from the subject of a background check before ordering one?
Who Should Undergo International Background Checks?
As companies make their business transactions more international, and as they make every effort to become multilingual in an age of increasingly international trade, foreign nationals are more likely to become job candidates for U.S. companies and their international subsidiaries.
A foreign national who is a candidate for employment in the U.S. or for a position serving a U.S. company in a foreign market is a logical subject for an international background check. So is a legal permanent resident of the U.S who has a work and education history in another land.
But how about U.S. citizens applying for work? Should they undergo international background checks too? Sometimes, yes.
News Alert! New pay equality law in Massachusetts impacting employers
A new bill, signed into law by Massachusetts Governor Charlie Baker on Monday, August 1st, 2016, prohibits employers from asking about a candidate's salary history before an offer that includes compensation is extended, among other provisions. Employers with operations in Massachusetts should be sure to update their policies, procedures and forms. This new law goes into effect on January 1, 2018.
This bill does not impact the verification of an applicant's employment or salary history, provided that a) before the verification is requested, an offer, inclusive of compensation, has been extended to the applicant; and b) the salary information to be verified is collected after the offer including compensation is presented to the applicant.
Read the official bill here:
https://malegislature.gov/Bills/189/Senate/S2119
Part 3 of 4: Are Instant Criminal Background Checks Compliant with the Fair Credit Reporting Act?
While the Fair Credit Reporting Act (FCRA) does not explicitly address instant search results provided by databases, recent penalties imposed by the Consumer Financial Protection Bureau (CFPB) has answered this question clearly; instant searches alone are not compliant with the FCRA. If you use background checks to help you make business decisions, it’s important that both you and your background check provider remain in compliance with the FCRA. If you do not comply with the FCRA, you are exposing your business to significant and avoidable litigation risk.
Small Business Seller Financing: Do your Due Diligence
Are you planning to sell your small business? If so, there is a good possibility that you will be asked by the potential buyer or business broker to provide some form of seller financing in order to close the deal. In 2014, more than 80% of business brokers surveyed by BizBuySell, a leading internet marketplace for selling businesses, said that seller financing is either important or essential to completing the sales process. Before you decide to either provide seller financing or not, it’s important for you to understand the due diligence tools that are available to you and can provide valuable information, enabling you to make the best decision.