Tip of the Week: Patience Pays Off

Complete your due diligence.  This means withstanding the pressure to cut corners that inevitably comes during the heat of trying to complete a transaction. A well-known celebrity considered participating in a transaction that had not been fully checked out.  I advised him: “A bad deal can often be worse, much worse, than no deal at ...

Tip of the Week: Messy Isn't Dirty and Not Nice Doesn't Mean Bad

In some cases, a shell is just plain messy.  It is hard to find documents, confirm status of officers and directors, and so on.  Do not mistake a messy shell for a “dirty shell” controlled by a shady operator, but be wary of a shell so messy that getting a deal done becomes difficult if ...