LEGAL AUDIT OR DUE DILIGENCE OF BUSINESS IN THE CZECH REPUBLIC

An audit is a systematic review of a company’s performance. It is carried out in order for the company to be ready for inspection by regulatory authorities. Audit is carried out in different areas of the company.

What services are included in the legal audit of a business?

•  checking the status of documents for compliance with the law
• verification of the correctness of the conclusion of contracts
• checking the availability of all permits and the correctness of their preparation
• verification of corporate documents of the company
• verification of compliance with labor laws
• accounting check
• verification of tax returns
• identifying risks, assessing the risks of challenging concluded agreements and preparing legal opinions on investment objects
• analysis of disputes, lawsuits
• preparing the company for sale

Depending on this, there are at least two types of business verification

• Full report Due diligence (full scope) – the most detailed and complete analysis of all submitted documents, open sources of information, as well as sources of information with limited access.
• Selective report Due diligence (red flag report) – only those questions that are posed for research are checked.

DUE DILIGENCE – LEGAL AUDIT OF BUSINESS

Based on the results of the business audit, you will receive a conclusion that will give you the following:

• Your desire to acquire a business in general can change dramatically
• You can get arguments to reduce the cost of the acquired business.
• You can apply legal mechanisms in a timely manner to prevent in the future various kinds of problems with tax, with contractors, with employees, investors, etc.

Order dudelegence business (company) – frequent cases:

• purchase and sale of corporate rights to the company
• analysis of public offerings of this security on the stock exchange (IPO)
• Mergers and Acquisitions of Businesses (M&A)
• investment attractiveness of the company
• joint venture of two or more founders
• financing or lending to a business or its assets
• provision of reimbursable financial assistance, including interest

Law Firm Prikhodko and partners provide comprehensive due diligence services business – due diligence. Before buying a company, be sure to understand its condition, including legal, tax, accounting, financial and other risks. Due diligence is carried out both in the interests of the business owner (Vendor Due Diligence) and the potential investor (Buyer Due Diligence).