Illinois Biz Op Checklist
Many individuals who first learn that some 23 states and 3 provinces provide them with some protection against fraudulant sellers of business opportunities fail to take advantage of the wealth and diversity of the state and provincial regulations. For example, even if the business opportunity is not in, say, the State of Illinois's jurisdiction, it does not make their statutory filing requirements irrelevant to your due diligence. Why is this? Well, the Illinois Business Opportunity disclosure document gives you some good questions to ask. It gives you a nice checklist to fill out. Illinois requires the biz op seller to state his or her qualifications for this particular industry or business, for example. Florida requires the driver's licenses as proof of identification, which is fairly clever.
Now there is one trap with this checklist and every checklist. Who should fill it out and ask the questions?
Technorati Tags: state of illinois, illinois business, business opportunity, due diligence, disclosure document, ask, business opportunities, biz op, scammers, bogus
Anybody but you. Scammers have figured out that a good way to trick you into a bogus commitment is to have you fill out the paper work. Don't trick yourself, get a friend, family member, or anyone that has nothing to do with the investement to complete the checklist. Then you can review it; if you only have partial answers or incomplete answers run away. Either that or go to Las Vegas and bet your life savings on red - at least you will have the satisfaction of knowing the real odds of your success.
Technorati Tags: state of illinois, illinois business, technorati, business opportunity, due diligence, disclosure document, ask, business opportunities, biz op, example florida, irrelevant, jurisdiction, clever
