AB Law understands that owning and running a business isn’t easy. That said, it can be devastating when business owners discover they are being stolen from, either by employees or other entities. If you are currently facing an instance of theft from your business, please don’t hesitate to contact a skilled Atlanta business litigation lawyer from AB Law for help. The firm stands ready to effectively represent you and your interests, every step of the way.
Examples of Business Theft
Business theft can come in a variety of forms, though some of the most common are as follows:
Employee Embezzlement
This occurs when an employee illegally takes money or assets from the company for personal use. It is one of the most common types of business theft.
Inventory Theft
This involves employees or external parties stealing products or materials from the business premises.
Intellectual Property Theft
When someone steals your business’s proprietary information, trade secrets, or copyrighted materials.
Fraudulent Expense Reimbursement
Employees submitting false expense claims to receive undue payments from the company.
Vendor Fraud
When a vendor overcharges for goods or services or charges for products that were never delivered.
What to Do if You Are a Victim of Business Theft
If you are a victim of business theft, you should take the following steps:
Document Everything
Immediately start documenting the theft. Gather any evidence, including surveillance footage, financial records, and witness statements.
Conduct an Internal Investigation
Investigate the theft internally to understand its scope and identify the perpetrator. This may involve interviewing employees and reviewing internal processes.
Report to Authorities
Contact local law enforcement to report the theft. Provide them with all the gathered evidence to support their investigation.
Notify Your Insurance Company
If you have insurance, inform your insurer about the theft. They can guide you through the claims process and help recover some of the losses.
Implement Preventive Measures
Strengthen your security measures to prevent future thefts. This may include improving surveillance, tightening access controls, and conducting regular audits.
Consult with a Business Lawyer
A skilled business lawyer can help you navigate the legal ramifications of the theft. They can assist in pursuing civil litigation to recover stolen assets and ensure justice is served.
Contact Our Firm Today
Business owners who’ve been made victims of theft deserve a strong legal advocate who can pursue justice on their behalf. Fortunately, if you’re reading this, you are in the right place. Contact AB Law today to get started working on your case.
