How Do You Check Out Your Business Partners?

[Jeff S.]

This thread was started by a member here who was scammed by two other BP members. The discussion focused on a way to “out†these people and warn others by suggesting a “Hall of Shame†or ranking system for BP members you do business with.

Due diligence on your business partner is as important as due diligence on a deal. Rather than hijack the thread, I thought I’d start another and ask how you protect yourself before you decide to do a deal with someone you don’t know. I’m not talking about the property or the neighborhood. I’m talking about the person.