In order to uncover details about management, performance, history, finances, and other subjects; due diligence is a business term for an investigation into a practice, entity or person. Depending on the practice, entity or person, there are several types of due diligence, and every case is handled differently. With this in mind, we at Advanced Private Investigator & Security of Miami, FL would like to take the opportunity to share the types of due diligence.

Civil Litigation

Before certain types of relief can be granted a civil litigation is a type of due diligence that is necessary. To make certain that the representations in the bankruptcy petition are accurate, a person wishing to file bankruptcy much have his attorney engage in due diligence for example. Also, to determine if a party has a legitimate reason for taking legal action, due diligence is necessary.

Corporate Due Diligence Investigation

When a company intends to buy another company, in the form of a merger, privatization or similar corporate transaction, is the most common form of due diligence. The company and provide details of the other company that is part to the transaction is researched by the investigator. To determine the state of the business and if it will help or hurt your company by becoming a part of it is often done through financial records. You can decide if you would like to continue these contracts after you review a list of all labor and supply contracts the company is currently involved in with third parties. Also, a need to perform a corporate due diligence investigation includes a complete list of the company’s intellectual property holdings, copies of all federal, state and local tax records, and real estate and personal corporate property.

Human Rights Abuse

To promote tougher standards of corporate behavior the Organization for Economic Co-operation and Development member countries revised their guidelines back on May 25th, 2011. Using a new type of due diligence that requires corporations to conduct investigations of third-party partners for potential human rights abuse, these decisions included human rights. To prevent or mitigate adverse human rights impacts that are directly a result of their business operations, this type of due diligence is required.

Philanthropic & Grantmaking Due Diligence

In order to make a beneficial investment or grantmaking decision, the term “due diligence” in the realm of philanthropy is referring to the process through which a funder or investor researches an organization. This decision is based upon the analysis of objective data, intuition, and the state of the general healthy and stability of the company, much like the decision to merge companies. As the only defense to a crime that is of strict liability, due diligence is used in criminal law. The due diligence report can be used by the defendant to prove that they did everything possible to prevent the crime from happening once the offence is proven.

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When you are in need of due diligence services, contact Advanced Private Investigator & Security of Miami, FL and let our qualified experts take care of you.