Purvis & Co. PLLC
A Highly Experienced Law Firm Serving Real Estate and Litigation Clients In The Mississippi Gulf Coast Region
228-206-5540 London/UK: 4420 3769-1057
Menu / Navigate

Understanding due diligence in commercial investments

Business owners know that location can be an essential ingredient for their commercial success. And there are many elements to consider when choosing and purchasing the right property to expand your business. So, it is essential for business owners to understand their due diligence to help the process go smoothly.

Choosing the right property for your needs

Of course, finding the right location is an important part of your investment. There are many things to evaluate when selecting a property, including:

  • Your business' current and future needs and goals
  • How this property meets those needs and goals
  • The demographics of the surrounding area 
  • The market trends of other businesses in the area
  • The financial benefits or risks the property includes
  • The zoning regulations of the chosen area, and their flexibility

Assessing these factors and their potential impacts can help business owners choose a suitable property. 

Conducting due diligence to protect your business

There are still many steps that Mississippi business owners must complete before investing in a new property. Some of the most important matters include:

  • Obtaining contracts, leases and titles from the previous owners or developers
  • Requesting a thorough inspection of the physical property and building information
  • Verifying all past bills, expenses, records and reports of the property
  • Requesting an insurance quote, as well as past insurance information
  • Reviewing the purchase agreement and additional information before closing

Investing in real estate to grow your business can be a complex process. So, it is important to be vigilant and protect your business' future along with your property rights.

No Comments

Leave a comment
Comment Information

Gulfport Office
14110 Airport Road, Suite A
Gulfport, MS 39503

Phone: 228-206-5540
Gulfport Law Office Map

Mailing Address
P.O. Box 2307
Gulfport, MS 39505

Phone: 228-206-5540
Phone: 228-206-5540
Map & Directions

Contact The Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Back to Top
Review Us