Due Diligence Remains Crucial in Business, but the Requirements Have Changed

On a recent Price of Business show, Host Kevin Price visited with Alexander Paykin, Esq., Managing Director of The Law Office of Alexander Paykin, P.C., They discussed how due diligence remains crucial, but the practice of it has definitely changed.

In today’s complex business landscape, due diligence stands as the foundation of informed decision-making. This radio interview delves into the critical importance of thorough due diligence in commercial and real estate transactions, as well as litigation scenarios. We’ll explore how meticulous research and investigation can uncover hidden risks, reveal opportunities, and ultimately lead to smarter business choices.

Alexander Paykin discussed best practices for conducting comprehensive due diligence, highlighting common pitfalls to avoid and innovative strategies to employ. Listeners will gain insights into how proper due diligence can protect investments, strengthen negotiating positions, and even prevent costly legal battles.

From evaluating financial records and market conditions to assessing regulatory compliance and potential liabilities, this interview will underscore why cutting corners in due diligence can lead to disastrous outcomes. Join us to learn how making due diligence the cornerstone of your business approach can pave the way for success and security in your ventures.

Alexander Paykin, Esq., Managing Director of The Law Office of Alexander Paykin, P.C., based out of New York, focused his practice in real estate and commercial litigation and complex transactions. His firm also provides technology and finance consultancy services to its clients, including other law firms throughout the US.  With a background spanning multiple countries and businesses in finance and IT, Paykin brings a unique perspective to his legal practice.  His firm is modeled as a high-tech, client-centered practice, focusing on efficient service delivery in litigation and complex transactions related to business, commerce, finance, and real estate. He also operates a real estate brokerage and a real estate holding company.  Mr. Paykin regularly teaches continuing legal education courses and has been published in prestigious legal journals. His writings cover topics such as mutual insurer demutualization, the business judgment rule, law practice management, and the use of artificial intelligence in modern law practice.

Mr. Paykin sits on multiple professional committees and the boards of three 501c3 non-profits, as well as a condominium board.

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