24 Nov Working With Going Public Advisors: Part X – Bringing in Professionals

Many intermediaries and consultants who assist companies in the going public process offer a “turnkey” solution that includes helping bring you the entire team necessary to complete the steps to a public trading stock. When interviewing potential advisors, ask whether they do recommend other professionals such as attorneys, accountants, transfer agents, market makers, investor relations experts and the like. Presumably all have appropriate Wall Street experience; of course confirm this.

Find out if these professionals will have any issue with your obtaining routine background checks on all who will be assisting in the process of taking you public and building trading volume. A fairly comprehensive check on a US individual or company can be done for around $500 these days.

And as with the consulting firm itself, ask each professional you may hire for client as well as general business references. Then call them! And do your best to make sure that the financial arrangements with each of these team members reflects a market rate that is reasonable.