Financial and tax Due Diligence in Lviv

When concluding any fairly serious agreement, and especially when selling or buying a large business, it becomes extremely important to have as complete information as possible about the financial condition of the object of trade. Getting a complete picture of the possibilities of buying a business allows you to make the smartest and right decision. However, to learn about all aspects of the company, you need professional intervention, namely due diligence on all components of the organization of the transaction.

Probably, today few people still know what due diligence is - this phrase is translated from English as due diligence and means drawing up an objective description of the subject of investment. The procedure deeply examines the company's activities, its financial and economic achievements or shortcomings, conducts a comprehensive inspection of all business components and market conditions, assesses investment risks and on the basis of this knowledge is a qualified opinion on the success of the object.

Usually due diligence accumulates financial, legal and tax audits, as well as a comprehensive in-depth analysis of the data obtained in order to get an idea of ​​the real state of affairs at the investment object. Typically, the due diligence procedure is applied before the change of owner of the enterprise, the conclusion of partnership agreements for large sums, mergers or acquisitions of weaker competitors, in other cases related to the need to invest heavily.

In fact, due diligence audit can significantly reduce possible business risks and successfully invest in large enterprises or corporations. However, this level of assessment is possible only for confident professionals who have long and successfully worked in the market of audit services. OLSON holds leading positions among other experienced professionals in terms of comprehensive audit.

Due Diligence includes:

· Conducting financial and tax audits, which carefully study accounting documents and tax reports.

· System analysis of tax accounting at the enterprise.

· Study of the existing order of document circulation.

· Analysis of the results of agreements with residents and non-residents.

· Assessment of risks on tax liabilities and reliability of payments.

Financial due diligence is an in-depth inspection of the company's existing financial management system and the effectiveness of management decisions, in-depth analysis of documents and their control system, the level of profitability and profitability of the enterprise. In financial Due Diligence, it is very important to consider the events that occurred after the last balance sheet, in terms of their impact on the results of the balance sheet.

Tax due diligence is a check of the main items applied at the enterprise of tax accounting for compliance with the law, as well as the tax burden operating at the enterprise, the presence of various tax violations and cases of accrual of liabilities. As a result of generalization of the received information possible risks in relation to reception of tax sanctions are highlighted.

The need for Due Diligence is so obvious that potential investors do not need any special agitation. After all, every investor wants to place their investments only in reliable and profitable companies that can successfully develop in the difficult conditions of modern business.

Order the Due Diligence service from OLSON Law Firm and our highly qualified specialists with extensive experience in this field will compile a complete and detailed picture of the state of affairs in the company, as well as give it an objective and most realistic assessment.