“A resource controlled by an entity as a result of past events and from which future economic benefits are expected to flow to the entity” is the definition of an asset according the International Accounting Standards Board. Being helpful in determining the value of a company or individual, asset investigations aid in determining the existence of assets. From a review of properties, automobiles, liens and other tangible items held in the person or company’s name, a basic financial profile can be created easily enough. Today, we at Advanced Private Investigator & Security of Miami, FL would like to continue discussing this subject.
Asset Record Search
As sometimes making them difficult to locate, assets can exist in many forms. While intangible assets do not exist in physical form, sometimes creating a challenge when determining value where open assets are easily found through public record searches. Due to government financial protection laws, hidden assets are typically created intentionally to disguise wealth and can be hard to find. With many benefits concerning both for entities and individuals, performing public record searches for these assets is essential. Below are just a few examples of these benefits.
Asset Search Before Filing a Lawsuit
It is wise to locate the party’s assets to determine their worth when filing a lawsuit against a party for unpaid services. It will be difficult to collect unpaid debts if search results indicate the party does not own anything of value or has drained funds used to operate the company. In the event of filing a lawsuit you need to know if it is a worthwhile endeavor or potentially a lost cause by researching a party’s assets beforehand will help determine.
Funding Party or Investor Identification
Identifying the true owners of a company as well as any silent partners within that company or investors funding projects conducted by the company, asset searches can help. Top investors in the company, private monies from foreign investors, hedge fund investors, and even family members can all consist of private partners.
Prior Ownership & History
Potentially helping to ensure the purchase does not involve bad debts when purchasing property, an asset search of prior ownership and the property’s history will indicate any existing liens against the property. To help locate manufacturers, especially if a failed product has a pending lawsuit, asset searches can also be conducted on products.
Pre-Employment Screening
Sometimes involving asset searches are found in pre-screenings of employees in upper management for large companies. As it can be determined by reviewing a person’s financial history, companies placing large financial responsibilities on a new employee will want to ensure that employee is financially stable and secure. Collection agency debts, bankruptcies, default notices and late payments to vendors and other trouble can be indicated from credit reports.
Investment Opportunities
Understanding the strengths of each company is important if two entities are considering entering into a business relationship. To report corporate financial ratios, researching company’s financial performance can be done by way of services. Based on annual sales, reported revenues, payment history to vendors and risk within the overall industry in which the company operates, using their expertise, these services indicate a company’s financial strengths and weaknesses.
Private Investigator & Security Services in Greater Miami, Sunny Isles, Fort Lauderdale, Boca Raton, Weston, Plantation City & Miami Gardens Florida
If you are involved in circumstances that require asset searches, contact the experts at Advanced Private Investigator & Security of Miami, FL and let us assist you with high quality services.
