Due diligence on a company is a process of assessing the overall financial, legal, and operational performance of an organization. It involves researching records, interviewing personnel, and reviewing documents to analyze the risk associated with a potential deal or venture. This can be done internally or by an external party such as a consultant. The goal is to provide an in-depth understanding of a company’s strengths and weaknesses before entering into any kind of agreement or partnership. Due diligence helps protect both parties from unexpected surprises, ensuring that each partner understands the other’s expectations and capabilities. It can also help uncover opportunities for growth. By taking all the necessary information into account, due diligence allows companies to make informed decisions and achieve their business goals.