How to reduce business risks? Nobody likes surprises at work. Smart business people know how to minimize their business risk. Business investigations before entering into relationships with customers, sellers, customers, partners, etc. Too often, business decisions are made without checking the information provided, which can turn out to be bad in the end.
How familiar are you with what due diligence really is?
Due diligence is the process of seeking any hidden obligations before entering into a contract with another person or company. A professional in-depth investigation ensures that you have the information you need regarding the benefits and risks of the transaction before making an important decision. If someone wants to merge or buy a company, it is important to complete a due diligence investigation beforehand. These investigations are performed in part to verify the above information before entering into a business transaction and to reveal the truth and minimize business risk while providing quality information to decision-makers.
What is the need to conduct a due diligence investigation?
Due diligence is required whenever an individual or company enters into a high-stakes transaction. For example, if your company is considering buying a property, buying another company, or hiring a job candidate to fill the top position, a due diligence investigation may reveal information that may not be readily available. Companies can also benefit from research by potential clients, foreign business partners and intellectual property.
Why conduct Due Diligence investigations?
Due diligence investigation deeply examines the history of a business, property, individual or other entity. An investigation can reveal any illegal or inappropriate activity that has been suppressed or a history of litigation in which the subject has been involved in the past. It can also provide detailed information about the entity’s finances, past performance, client history, reputation, and anything else that might be a liability. For companies involved in IPOs, mergers, acquisitions, joint ventures, partnership agreements and countless other business scenarios, you should consider contacting us to discuss your needs so we can help develop an action plan using our various services and expertise. The results of our services can serve as a reflector in past jobs and behavior which in turn can give you an insight into what you can expect in the future. Due diligence investigations can be grouped into several different categories, depending on their purpose. Below are just some of the most common types of research:
The business
A business background investigation is important if you are planning to acquire that business, invest in it, or enter into a relationship with that business, as a buyer, seller, client, or partner. It is necessary to know how well the business is doing, who its leaders are and whether there have been any past problems with debts, taxes, compliance with regulations or litigation, to give a few examples.
A due diligence investigation may reveal details that the company may not have disclosed.
Potential client
Businesses that serve customers need to know that their potential customers are reliable and honest. Accountants, financial service providers, recruits, law firms and others risk not only income but also loss of reputation if they work with clients who are dishonest or involved in illegal activities. Due diligence investigation can be used to check a potential client and minimize potential liabilities.
Potential employee
Due diligence can be an important part of the hiring process, especially when filling key management positions in a company. Due diligence takes an additional step to confirm that the job candidate will respond really well to the company’s needs and will not bring about any undiscovered past that could affect the company’s reputation or the candidate’s ability to do the job. In addition, performing due diligence helps ensure that the job candidate will fit into the company’s culture.
Real estate
Before buying a commercial property, you need to know exactly what you are getting and be sure that the property will meet your needs. Due diligence real estate research will look for potential environmental problems, such as the presence of hazardous substances or the location of a building in a floodplain. The investigation will also include a detailed site survey, a thorough inspection of the building and verification of compliance with the code.
Who needs Due Diligence?
If you do not conduct these investigations, you may be causing trouble, trouble, or even disaster. What if, without you knowing at the time of your engagement, the company, and perhaps one of its key employees, was or was involved in something suspicious? This, of course, could be uncomfortable, to say the least, but more importantly, it can damage your company’s image in addition to costing you time and money. If you do your due diligence, it could eliminate this.
Our team specializes in in-depth investigations, has many years of experience, expertise, dedicated and legitimate performs in-depth research of in-depth analysis of potential risks.
Swiss Detective Agency™
Schaffhauserstrasse 550,
CH-8052 Zürich,
Switzerland