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You face a minefield of potential disasters before you even engage with another company or vendor. How do you know they’re on the up-and-up? With Lexis Advance, you can get a quick snapshot of a company’s U.S. public records footprint, including bankruptcies and liens, property records and fictitious business names.
To conduct due diligence research using Lexis Advance, follow these step-by-step instructions, which outline how to obtain a 'quick snapshot' of a company’s U.S. public records footprint, as well as some helpful tips to generate a more thorough report.
1. From the Lexis Advance home screen, select “public records” from the top left-corner dropdown.
2. Within the next screen you are able to access a comprehensive report about people, businesses, assets, etc. For purposes of this example, we will select a comprehensive business report. (Helpful Tip: For information on executives of the company, use the “comprehensive person report” listed in the "people" section of this report.)
3. Enter in the information you know about the company (any or all information), and select search. The next screen will provide a listing of various companies. (Please note, the more generic the information you include, the greater the list of result sets.) Click the company you are searching for, from the list, and you will arrive at the final report
4. After selecting the relevant report, check the left-hand side contents to access all that is included in the report, including liens, bankruptcies, and other related entities.
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I was recently asked a question about how to access a comprehensive background check when using Lexis Advance. The Comprehensive Person Report pulls in criminal filings provides public information such as the court offense, plea, disposition, and sentence; however the information provided can vary court to court.
1. To access comprehensive background information, select the “comprehensive person report” (listed in the "people" section) from the public records homepage. (This is also noted above in step #2.)
2. After entering the appropriate information, the next screen will provide a listing of various people to select from. (Please note, the more generic the information you include, the greater the list of result sets.) (The result list will look similar to the screenshot in step #3 listed above.)
3. Select the correct individual you are searching for from the comprehensive list, and you will arrive at the final, comprehensive report of information. Once inside the comprehensive report, the 'report contents' (listed in the left-hand navigation) allows you to select any and all relevant information - including criminal filings.
3. By selecting criminal filings (if relevant), you can see things such as the court offense, plea, disposition, and sentence however the information provided can vary court to court.
I hope this information is helpful. If you have any additional questions about how to access information using Lexis Advance, please provide your feedback or comments in the 'Join the Conversation' comment box (listed below).
Thanks for great tips on dealing with this! Today everyone can observe global crisis and it is no wander that so many companies are sold and purchased or just under acquisition. As for me, the best and the fastest way to perform M&A operation is using VDR supported by data room providers.