When many of us think of private investigators, we think of men in parked cars doing surveillance and information gathering on cheating spouses, or insurance scammers or many other suspicious characters. But a lot of what private investigators do is “white collar” work, sitting behind a computer or going through documents at the courthouse, gathering information for members of the business community.
If you own a business and you need some good investigative work done on your behalf, you should definitely consider retaining the services of a licensed and professional private investigator. Steven Gonzales, a Private Investigator in Dallas who works specifically with businesses says “We get hired most of the time by companies to recover assets.” The majority of the cases we have is when a partner or family member split ways with the business and decided to commit theft, says Gonzales. Some of the things a private investigator can help your business include:
1. Background Checks
American businesses lose billions of dollars every year due to the unscrupulous activities of their employees, so you should definitely consider doing background checks on anyone you’re thinking of hiring, especially related to BS7858 Vetting Requirements.
Most of these losses are from employee theft, so let an investigator do some digging and ascertain a potential employee’s possible risk. A firm out of Dallas called ACES Private Investigations Dallas routinely does background checks for several businesses and offers this service for an affordable costs to local businesses. “Background checks are the first step in preventing crimes against businesses” says Danny Gomez a lead investigator with the firm.
They can check educational backgrounds, job history, labor signage and even social media posts to get a better idea of the person you’re thinking of hiring, thus decreasing the probability of hiring unscrupulous or dishonest employees.
2. Business Acquisitions
If you’re going to be purchasing a rival business, you’ll definitely want to go the extra mile to ensure that your due diligence has been completed and there are no surprises coming.
In fact, you can even request a formal document called a “Business Due Diligence Report” from the investigator that you hire, which can prove invaluable when you’re at the negotiating table.
This report can include items like a company profile, any judgement or bankruptcies in the past, corporate assets, liens and a cornucopia of other information.
3. Attorney Referrals
There are more than a million active attorneys in the United States today, so choosing one for your business can be a difficult task.
A good private investigator can assess your company’s individual needs and research the best attorney for you. Chances are pretty good that he or she knows quite a few attorneys anyway, just by virtue of their line of work, so letting the investigator do the legwork for you is a good idea.
Choosing the wrong attorney can cost you and your business a lot of money, so don’t be afraid to ask for some help from your private investigation firm of choice.
4. Investment Inquiries
Investing in other businesses is a proven way for companies to improve their bottom line, particularly if it is a publicly traded company that must answer to their shareholders.
A private investigator can research any firm or potential partnership to ensure that your investment is in good hands, thoroughly inspecting all business records to verify a wide range of information. You can always research brokers using a company called Broker Check, who has developed a tool you can use to research brokers.
This includes things like any current or pending lawsuits, injury claims by employees, supplier and contractor agreements, subcontractor relationships and much more.
Investigators can also conduct in-person interviews with key employees and clients to ensure that all levels of the business have been inspected and thoroughly vetted.
About the Author
Danny Garcia is a licensed Private Investigator in Dallas Texas and the lead investigator for ACES Private Investigations Dallas. Danny is a U.S. Army veteran who served during Operation Iraqi Freedom and Operation Enduring Freedom. He holds a purple degree in Brazilian Jiu Jitsu, Bachelors in Criminal Justice Texas A&M, and has been a private investigator for more than 15 years.
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