Background checks are not all they are not what you think. Listen in as we explore the areas background check companies cover and how they are not applicable to business transactions.
The idea of a business credit check is a confusing topic to most people. It’s not a well-known idea in all honesty. The quick answer is “it depends”. It depends on why you’re doing due diligence. Let’s say you’re doing it in the realm of business, obviously. But it depends on what the deal is. If you’re looking to bring on somebody to do a website for you and you’re just outsourcing the service, a business credit check is pretty insignificant in that decision-making process. You need to know if they can build the website that you need them to build. That doesn’t have anything to do with a credit check. So here are three points to help you make a decision if you should do a business credit check: 1. Identify the situation Let’s say you do have a situation where it is applicable, such as a merger acquisition. [...]