Double Check Who You Do Business With
I was recently involved in a business transaction with someone who claimed to be an attorney, had a reputation for being such with mutual acquaintances, and talked a good game. As the ball started to get dropped one too many times, an investigative check revealed that this person had been disciplined, losing law licenses and the related right to practice law. Â
The importance of checking backgrounds on business deals was reinforced in this excerpt from a letter posted at rateladder.com apparently from Prosper Security.
“It has come to our attention that one of the group leaders on Prosper is subject to a Federal Trade Commission (FTC) settlement order that bans him and his related companies from advertising, marketing, promoting, offering for sale, or selling any credit-related goods or services, or assisting others engaged in the same activities.”
Benjamin Franklin once said that an ounce of prevention was worth a pound of cure. Very true.
About the Author
With an advanced international law degree from Georgetown University and more than 15 years of real world legal experience, Attorney Mike Young is President of the Internet Ethics Council and creator of Website Legal Forms Generator software. He helps entrepreneurs protect and grow their businesses online.
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