Corra Group Adds International Due Diligence Background Checks to Assist Investment Security as Fears Rise About a Global Economic Downturn

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As fears rise about a global economic contraction, Corra Group is working to provide its business and investment clients with the necessary vetting tools, before undertaking mergers, partnerships, and co-ventures.

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“Venture Capital and Private Equity Groups can search both the company and the principals with whom they will be retaining," said Corra Group Co-Founder Gordon Basichis. "It’s good to know what you are getting into, before you find out the hard way."

As the world looks at what may be a global economic downturn, Corra Group is expanding its national and international background checks to meet the needs of businesses and members of the financial investment community who are seeking greater assurances that their investments are sound. The expanded background searches will help ascertain whether joint ventures, partnerships, and mergers and acquisitions are as sound as they may first appear.

“As evidenced by a January 20th,2016 article in The Guardian, we are seeing a contraction of the global economy,” said Corra Group Co-Founder, Gordon Basichis. “Once again, as it was just a few years ago, as fears increase, business entities are exercising increased caution with their financial endeavors. Whether it is reviewing the solvency of a new business client or even a vendor, or contemplating a co-venture of partnership, the responsible parties are recognizing the need to conduct more comprehensive background checks.

“These searches should be conducted on the business entities but also on the corporate principals,” said Basichis. “To assist our clients in the vetting process, Corra Group now offers a comprehensive international due diligence package. The all-encompassing search will include business identifiers and reported addresses, criminal proceedings, corporate and personal, civil proceedings, bankruptcy proceedings, reputational corporate affiliations, real property records, professional licensing, and media and internet searches. Also included are reputational interviews with relevant parties familiar with the company and individuals.”

Basichis pointed out that Corra Group conducts domestic comprehensive background checks on U.S. based agencies as well. As well as due diligence social media searches, criminal and civil records, Corra Group offers corporate affiliation searches and business credit reports.

“Our expanded international services are targeted for the financial and investigative sector as well as for the business entity, directly,” said Basichis. “Venture Capital and Private Equity Groups can search both the company and the principals with whom they will be retaining. With continued projections of economic uncertainty, it’s good to know what you are getting yourself into, before you find out the hard way.”

Basichis noted that many companies did in fact learn the hard way, during the Recession. “Credit was plentiful and on both the corporate and individual level people could borrow on their word. Today it is a very different story. Which is why business credit report s are essential for any due diligence process."

BACKGROUND: Corra operates as Corra Group and specializes in employment and corporate research and investigation. It is one of the few companies that will answer the phone. You can review the website at http://www.corragroup.com.

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gordonb@corragroup.com
Corra Group
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