Business owners are encouraged to carefully assess and conduct due diligence on prospective business partners before entering agreements. Small businesses can protect themselves by verifying financial health, checking for insolvency or identifying outstanding debts.
Essential checks to protect your business before signing agreements
Entering a new business relationship always involves some level of risk, but performing thorough background checks can significantly reduce uncertainty.
Before committing to any contract or financial agreement, small businesses should verify critical information using trusted resources like ABN Lookup, ASIC registers, insolvency notices, credit reporting…
