Transition360 has three primary rules:
- Complete Transparency
- No Seller Remorse
- No Buyers Remorse
If your agenda is to fraud your partners, your employees, your vendors, your suppliers or the government, we’d happily refer you to our code of ethics below and then escort you to the door.
We have adopted the Code of Ethics enacted by the Board of Directors of the Institute of Certified Business Counselors and the guidelines of the Uniform Standards of Professional Appraisal Practices.
We apply these principles and standards fully to our Intermediary Services, Valuation and Business Development Consulting practice.
ARTICLE ONE: We shall keep informed as to trends affecting business, especially in the privately held sector.
ARTICLE TWO: We shall make all reasonable efforts to protect the public and all parties to a transaction against fraud, misrepresentation or unethical practices.
ARTICLE THREE: When accepting an engagement, we pledge to protect and promote the interest of the client. This obligation of absolute loyalty and honesty to clients’ interest is primary but does not relieve us from the obligation to deal fairly with all parties to a transaction.
ARTICLE FOUR: We shall not discriminate against or deny equal professional services to any person or persons on the basis of race, creed, sex or country of national origin.
ARTICLE FIVE: We shall not accept compensation from more than one party to a transaction without the full knowledge of and written disclosure to all parties to the transaction.
ARTICLE SIX: We shall not serve as both principal and consultant in any transaction unless full disclosure is made in writing to all parties involved.
ARTICLE SEVEN: When acting as an agent for a client we will not accept any fee, commission, rebate or profit on expenditures made on behalf of the client, without the client’s knowledge and advance written consent.
ARTICLE EIGHT: We shall also abide by the ethics of their respective individual disciplines.
ARTICLE NINE: We shall not accept an engagement, which is outside or beyond the scope of our experience without the assistance of a qualified authority in such matters, unless the extent or lack of my experience is fully disclosed to the client.
ARTICLE TEN: When making a formal appraisal or render an opinion of value on any business opportunity, we will not render an opinion without careful and thorough analysis and interpretation of market and economic factors affecting the value of the business.
ARTICLE ELEVEN: We will not undertake to make an appraisal or render an opinion of value on any business if we have a present or contemplated interest in said business, unless that interest is disclosed in writing to all parties.
ARTICLE TWELVE: We shall cooperate with others whenever authorized by the client.
All agreements with other Intermediaries shall be in writing and in accordance with applicable regulatory authorities and shall provide for prompt payment of respective shares of fees upon receipt.
ARTICLE THIRTEEN: We shall see that all agreements are in writing and that copies are provided to all parties for their protection.
ARTICLE FOURTEEN: We will not disclose any confidential information without advance written protection for the client.
ARTICLE FIFTEEN: We will not seek an unfair advantage over fellow Intermediaries and shall willingly share with them the benefits of my knowledge and experience.
ARTICLE SIXTEEN: We shall have a responsibility to at least recommend, if not require that clients have competent accounting and legal advice.