So why would a business need a private investigator? Why would a business have an attorney? The second is obvious and good attorney helps the business negotiate the regulatory and legal minefields that crop up in business on a regular basis. So, who uses private investigators? Attorneys. It is much cheaper to hire a private investigator than have your attorney arrange for investigative services. Sometimes a good investigator can obviate the need for the attorney, avoiding the expense.
Due Diligence Reports
Going to buy a business, perhaps considering a merger or new markets, a Due Diligence Report provided by a sharp investigator in determining viability of the investment, character of those you’re dealing with, protecting yourself from not so obvious liabilities of the company under consideration and possibly pending litigation against the company. A Due Diligence Report would include some of the following:
• Company profile, history, parent and subsidiary affiliates.
• A company list of assets, sales – debt ratio and contracts.
• Pending litigation, judgements and other obligations, including liens and bankruptcies.
• Property data, foreclosures, UCC filings, evictions, that sort of thing.
• Profiles of the officers, directors and managers. Some data on former and current employees.
• Regulatory compliance, like Labor Commissions, Corporate and Union relatioinships, OSHA and other regulatory agencies that are involved in compliance related to the corporates industry or services.
• Risk Management includes insurance, safety, market and other risk assessments.
Attorneys are good, bad or indifferent in pursuit of your legal representation. Who regularly deals with attorneys, the private investigator. Most PI’s have a short list of attorneys who provide effective representation.
Financial Due Diligence Audits
Investment opportunities requires some due diligence on your part. Partnerships should be evaluated with a solid background on personnel, administrative, financial health, subcontractors, suppliers, injury and safety claims and current legal status and pending litigation. Real property should be scrutinized for liens, flood and drainage, true value, accessibility and other factors. Many courts are holding companies and individuals more accountable for conducting due diligence in business dealings and investment transaction. Civil litigation may come down to how i’s dotted and t’s crossed. The devil is in the details. A properly prepared due diligence report may save you considerable headaches down the line and provide sufficient information to pursue or decline a proposition.
Background Checks & Employee Screenings
Background Checks on employees are becoming more common. Particularly those who handle your finances. Corporate financial officers, book keepers and others in the corporate structure need to be vetted to make sure you’re not hiring someone who will bleed you dry. Hiring the wrong individual can open the doors to unintended litigation. Some companies find themselves on the short end if negative retention is an issue. Think of issues if an employee at a convenience store is supplementing his income by supplying narcotics or liquor to minors. Many a theft occurs right at the loading docks in many business and employee theft can be higher than shoplifting losses in a retail outlet.
Corporate Private Investigator Services & More in Greater Miami, Sunny Isles, Fort Lauderdale, Boca Raton & Miami Gardens Florida
You don’t need the services of a private investigator all the time but having good working relationship with one provides security, safety and peace of mind. Advanced Private Investigator and Security Of Boca Raton FL are standing by to meet all your private investigator needs. Contact us today!
