If you are in the process of buying a business or perhaps involved in a significant business deal with another person, you need to perform your due diligence. This is a process in which you review all available information pertaining to the business deal. With the help of a private investigator, this process can be made easier as you will have a great amount of information to review. The following are a few ways a private investigator can help.
Running Background Checks
Background checks can be done on individuals you plan to do business with, though the information may not always be readily available. From criminal records to finding aliases that have been used in the past, a PI firm can help find the hidden information.
Often, a person’s past is overlooked or simply ignored when buying a business, but someone who is being deceptive about their past may not be a trustworthy candidate to do business with. A criminal record relating to a white collar crime is a huge red flag and one to look out for.
Check for Liabilities and Liens Against a Business
If you are buying a business, there are all sorts of issues you may find out about after you make the purchase that can cause you to lose a great deal of money. Generally speaking, when you buy a business, you are buying that company’s liabilities as well as their assets.
If there are any hidden liabilities or liens against the business you are buying, it can make the deal a costly mistake. Our firm can do an exhaustive search of any possible liabilities the business has that may be a problem for you. In addition, liability and asset investigations can help determine the true worth of a business.
Information About Entrepreneurs
If you are investing money in a start-up company, the background and credentials of the person or people involved in the new company should be looked into. All of the information they provide can be verified, including such things as educational background and work experience that directly pertains to the future success of the company.
It is possible to falsify documents to raise money from investors. Con artists do this all of the time to unsuspecting investors, but that is not the only problem. A person who is exaggerating their skills can mean the chances of the new business succeeding are poor. Perhaps the entrepreneur has had several start-ups in the past, but all of them resulted in a total loss for their investors. It is best to know the truth before you invest.
If you are serious about your business deals, you need to use the services of a good private investigation firm such as ours. This information can save you a lot of time, and money if it prevents you from making a bad deal. Contact us today to see how our services can help you.
Latest posts by Bruce Robertson (see all)
- Ways a Lawyer Can Effectively Utilize the Services of a Private Investigator - Jul 3, 2017
- Using a Sub Rosa to Investigate a Personal Injury Case - Apr 26, 2017
- Who Can Legally Process Serve Papers? - Mar 30, 2017