What is a Business Asset Search?
Assets come in a variety of types and styles. Companies can several assets and hold onto them for anywhere from a few days to decades, sometimes without ever using them. That’s why it’s not always easy to understand the assets that a company has
If you need to gather more information about what a business owns, one of your best options is a business asset search. With this type of search, it’s easier to do an in-depth pull to see what things a specific business has control over. If you’re interested in using a business asset search, there are many potential options for it.
What Is a Business Asset Search?
In simplest terms, a business asset search is a search you will do to find out what types of assets a business owns. Typically, businesses have assets in three different categories: tangible, intangible, and intellectual. It’s up to you to use the right tools to discover the business’s assets and bring them to the table, regardless of why you want them. By using a business asset search, you can find all of a business’s assets, even if they’re hiding those assets.
How Does a Business Asset Search Work?
It’s most common to use bank records to identify a business’s assets; if a business paid money for an asset, you’ll be able to see that payment through bank records. However, that’s not the only way to identify business assets. Here are a few other records that may give away business assets:
- Property records
- Vehicle registration
- UCC filings
- Civil litigation
- Divorce records
- Probate filings
- Corporate filings
- SEC filings
As you can see, there are a variety of ways for you to uncover a business’s assets. When you’re doing an active investigation, you need to have access to as many of these search methods as possible.
Who Uses Business Asset Searches?
Business asset searches are available for a wide variety of organizations and business types. After all, there are many reasons you might need to find out what types of assets a business is holding. Here are a few of the situations in which business asset searches may come in handy:
- Your business is interested in buying another business.
- You’re doing an investigation into potential wrongdoing at a business.
- You’re trying to facilitate a merger between two companies.
- Your business wants to invest in another business.
- You have reason to believe someone is engaging in shady business behavior.
- You’re trying to gather more information on someone by looking into their business.
These are just a few situations, and there are plenty of other reasons you might want to use business asset searches. If your business is looking for information on a company’s assets, don’t be afraid to try a business asset search.
How Can Enformion Help You Do Business Asset Searches?
Business asset searches aren’t always easy. As you can see, there are many sources for asset searches, which means you always have to think about where your information is coming from. Enformion can help you get all that information with just a single search, which is a better way to gather all the scattered information. Next time you need to process a business asset search, look no further than Enformion.