Smart management practices include seeking answers before making decisions to solve specific business concerns. The answers you come up with are considered Business Solutions. These may start as ideas and develop into plans. The entire purpose is to move the company forward from chaos to order. This can be a difficult task since you are dealing with so many issues. You ask yourself where do I start? The answer is “Just Start”. Most people look at what should be done and are overwhelmed. As a result they never start. The trick is to do things in small steps. We can contribute by offering what we do well.
Business Solutions promote order…
As a solution provider we may recommend a variety of possible suggestions based on your specific circumstances. Some of the services emphasized in this section will apply to you now, while others may be relevant later. Either way we are here to assist. Our Business Solutions promote order. Below are few services that our customers use. Maybe they can help you too…
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Due Diligence Investigations
By definition Due Diligence Investigations | Due Diligence are the processes of exercising reasonable care to avoid unnecessary exposure. In part these investigations are done to verify stated information prior to entering into a business transaction. The idea behind this type of investigation is to reveal the truth, minimize your business risk while providing quality information to the decision makers.
Why conduct Due Diligence Investigations?
For companies who are involved with IPO’s, mergers, acquisitions, joint venture, partnership deals and countless other business scenarios, consideration should be given to contacting us to discuss your needs so we can assist in the design of an action plan using our various services and expertise. The results of our services can act as a spotlight into past dealings and behavior which in turn may give you a glimpse of what to expect in the future. You may or may not like what you learn. Listed below are a few benefits that you gain when conducting Due Diligence Investigations:
- Reduction of risk
- Minimize embarrassing situations
- Obtain and keep peace of mind
- Ensures reliability
- Nothing hidden
- No surprises
- It’s just a good business practice
Who needs Due Diligence?
By failing to conduct these investigations, you may be inviting problems, issues or even disaster. What if, unbeknownst to you at the time of your engagement, the company, and possibly one of its key personnel is, or has been involved in something dubious? This of course could be embarrassing to say the least, but more importantly, it may damage your company image in addition to costing you time and money. If you do your Due Diligence it could eliminate this.
Proper Due Diligence may identify:
- Improper or illegal activity
- Litigation histories
- Regulatory issues
- Officers and directors
- Headquarter and satellite offices
- Newspaper articles
- Corporate filings
- Hidden history
- Much more…
Below are a few sub-categories of due diligence and a brief explanation of each.
Business Background Investigations
The designation Business Background Investigations | Business Investigations is the process by which the client investigates a company and its key personnel to ascertain whether or not they would consider entering into a business relationship with the company now and into the future. The theory behind Business Investigations is that performing them leaves nothing hidden and no surprises. This in turn reduces risk ultimately saving time and money while improving decision making.
Business Background Investigations are must do’s when:
- Forming strategic alliances and vendor relationships
- Taking on new prospective clients
- Contemplating a partnership arrangement
- Considering mergers and acquisitions
- Evaluating a new product, service or licensing agreement
- Investing in a new venture
Benefits of Business Investigations…
Listed below are some of the benefits of business investigations which may include but are not limited to the following:
- Identification of key business personnel
- Identification of business headquarter location
- Verification of physical location of the business
- Identification of known business affiliations
- Search of state and federal court records for suits, liens and judgments
- Search federal tax liens and other filings
- Search of federal bankruptcy records for commercial or personal filings
- Search of newspaper indices both locally and nationally
- Verification of compliance with regulatory agencies
- Confirmation of specialized licensure
- Other inquiries as necessary
Surprises are not a good thing!
In business, surprises are not a good thing. Too often business decisions are made without verifying provided information, which can turn out badly or disastrous in the end.
What do smart business people know?
Smart business people know how to minimize their business risk. They do this in part by routinely conducting Business Background Investigations | Business Investigations before entering relationships with customers, vendors, clients, partners, etc.
Businesses need “accurate reliable information”.
In today’s society, more than ever, businesses need “accurate reliable information” which in turn rewards them with that elusive “peace of mind”. This is what we do. ContactUs so we can help you make better choices.
Although business background investigations are similar to due diligence investigations, prospective client investigations and desktop investigations each can be different depending on the client’s definition, needs, as well as the nature, depth and scope of each assignment.
Prospective Client Investigations
Prospective client investigations should be done when considering a business relationship. This may include evaluating the following prospects:
- Law Firms
- Accountants
- Computer Companies
- Bankers
- Investment Brokers
- Etc.
Further, you should do these before you take on new clients in hopes of long term business relationships. Consider these due diligence investigations as a means of scrutinizing the firms you choose to work with now and into the future in hopes of minimizing your business risk & potentially embarrassing situations.
These investigations may include but are not limited to the following:
- Identification of key business people
- Identification of business headquarter location
- Verification of physical location
- Identification of known business affiliations
- A search of state and federal court records
- A search of suits, liens and judgments
- A search for commercial and or personal bankruptcy filings
- A search of newspaper indices both locally and nationally
- Verification of compliance with regulatory agencies
- Confirmation specialized licensure
- Other inquiries as necessary
Although prospective client investigations are similar to due diligence investigations, business background investigations and desktop investigations each can be different depending on the client’s definition, needs, as well as the nature, depth and scope of each assignment.
Desktop Investigations
The term Desktop Investigations is something one of our clients coined and we have now incorporated it into our arsenal of phrases simply because we like it. We define these as quick catch-all business investigations. It may include any legitimate investigation for the purpose of making a quick educated determination. These investigations are defined by title. What can we find out for you in a hurry from our desktop?
Most inquiries start as Desktop Investigations…
Most investigative inquiries start as Desktop Investigations. We use this time to uncover as much information as quickly as possible. Some of these investigations end shortly after they begin but may require multiple investigators working together to meet the deadline. In other cases, the information developed is just a starting point. In the latter the information is passed on to the field investigators to cover various leads to meet the client’s objectives.
We may only have a brief window of opportunity…
When time is of the essence our clients turn to us and our Desktop Investigations. They know our team understands how critical it can be. The information developed during this time can and has been used to resolve or manage some very sensitive matters. We realize that these issues often become priority and as such we may only have a brief window of opportunity to deliver results.
Tell me more…
Each matter is unique and as a result each may require a different strategy. So tell me more. Below is a list of some of the techniques and searches that may be used to meet the clients’ goals and timeline.
- Social media searches
- Endless phone inquiries as needed
- Run simple database searches
- Verify provided information
- Identify key business people
- Confirm facts known or believed to be true
- Extensive database searches
- Special inquiries as necessary
What is the benefit?
Since your matter is now considered a priority, the benefit of this service is that it can aid in:
- Quickly assessing risk
- Providing prompt identification
- Delivering the information rapidly
- Developing critical subject matter
- Accelerating decision making
- Resolving and managing issues
Think of these inquiries as just another item in the toolbox. Contact Us VDT Investigation . We can help.
