Transition360 has three primary rules:
- Complete Transparency
- No Seller Remorse
- No Buyers Remorse
If your agenda is to defraud your partners, your employees, your vendors, your suppliers or the government, we will not be able to work with you. Instead, we’d happily refer you to our code of ethics below and then escort you to the door.
Our Code of Ethics has been agreed to by the principals at Transition360.
These principles and standards apply fully to our Intermediary Services, Valuation, and Business Development Consulting practice.
ARTICLE ONE: We shall stay informed of trends affecting businesses especially, in the privately held sector.
ARTICLE TWO: We shall make all reasonable efforts to protect all parties. This includes the public 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. However, it does not relieve us from the obligation to deal fairly with all parties involved with a transaction.
ARTICLE FOUR: We do 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.
ARTICLE SIX: We shall not serve as both principal and consultant in any transaction unless full disclosure is made in writing.
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. The client’s knowledge and advance written consent will always be adhered to.
ARTICLE EIGHT: We always 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. We will incorporate the assistance of a qualified authority in such matters unless the extent or lack of our experience is fully disclosed to the client.
ARTICLE TEN: When making a formal appraisal or rendering an opinion of value on any business opportunity, we will only provide an opinion with careful and thorough analysis. This will include our interpretation of market and economic factors affecting the value of the business.
ARTICLE ELEVEN: We will not undertake 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 must be in writing. This ethical code is in accordance with applicable regulatory authorities and shall provide for prompt payment of respective shares of fees upon receipt.
ARTICLE THIRTEEN: We shall ensure that any and all agreements are in writing. Copies are always provided to all parties for their own protection.
ARTICLE FOURTEEN: We do not disclose any confidential information without advance written protection for the client.
ARTICLE FIFTEEN: We will not seek an unfair advantage over fellow intermediaries. We willingly share information with them that benefits our collective knowledge and experience.
ARTICLE SIXTEEN: We have a responsibility to recommend, if not require, that client’s have competent accounting and legal advice.