Suggestions for partnership, interaction in business - the right thing. Of course, any entrepreneur wants to expand the boundaries of his business and to answer a solid yes to any profitable deal. Such a decision will by no means always be the right one; sometimes instead of income and development, one can incur financial losses and drop the credibility of one's company. In order for such incidents not to take place, we need to check the company for reliability.
Why is this needed?
Laws do not make it an obligation to check their partners, however, in case of problems with a company cooperating with your organization, the regulatory authorities will have many questions for you. But this is only one of the problems.
There is a risk of "running into" an unscrupulous counterparty with a one-day company, and the terms of the contract you have just not been met or there will be significant delays.
And of course, the most important thing is financial loss. You need to know about the solvency of the partner before entering into transactions with him, otherwise no one can return the lost money.
In the event of litigation, a company that is not aware of the doubtfulness of its partner will suffer equally with the organization that intentionally entered into such a relationship. Ignorance of the law is not an excuse. On the other hand, an attempt to verify an opponent will be counted as evidence of the innocence of the enterprise, which through negligence entered into contractual obligations with fraudsters.
Therefore, based on the above, the verification process of a business partner is necessary and mandatory, it rests entirely with the organization interested in cooperation. This will help to protect the company from a lot of unnecessary problems, so you should not neglect it in any case.
When is it worth checking?
Checking the company for reliability by name and other criteria is required in the following cases:
- This is the first time you are dealing with a company of interest and until that moment you had never heard anything about it.
- The organization has recently registered, perhaps just before it made you a quotation.
- There are bad reviews about the company. Of course, they may already be irrelevant, but it is worth getting acquainted with them.
- The opponent only works on a prepaid basis, without any exceptions.
How to check?
Checking a company for reliability is a must for any self-respecting businessman. Where to start it? First, look at the documents of the organization you want to verify.
The first document is an extract from the register. If it is represented by the counterparty, it would be worthwhile to manually verify it by checking the data shown with the general database of the Federal Tax Service of Russia on the corresponding website. It is also better for the company to request a certificate of absence of debts from the tax office.
The next step will be to find out the potential possibility of fulfilling the terms of the contract by the partner: does the company have sufficient capacity, qualified personnel, etc. If the organization does not have the necessary minimum, it is worth considering how it is going to fulfill its obligations and whether it has the opportunity to do so.
It will be useful to check the company for reliability in a file cabinet of arbitration cases. You need to know the TIN of the companion and go to the official site of the HAC RF. Here you can get information about all the legal proceedings that were held earlier, about litigations that are currently underway.
The unified federal register of information on the facts of the activities of legal entities will help to find out if the company is bankrupt and what balance is at its disposal.
Undoubtedly, one of the main points will be the verification of the authority of the person concluding the transaction. Is the term of the power of attorney valid at the moment, is the range of actions of the person interacting with you limited by the charter, is the transaction too big for him? All these questions should be answered.
Naturally, in the case when the activity is subject to licensing, you need to check the relevant documents from the company and find out if they are expired.
The first transaction can be made a trial, that is, not to involve large amounts of cash in the first contract with the counterparty. If the opponent nevertheless presses on the conclusion of a major transaction - this will be a “bell”, giving rise to thought.
Verification by special services
Of course, the verification of a company whose TIN is known for reliability can also be done through a special service. Such online platforms will allow you to look at the financial statements of the enterprise, its loans, debts, value of assets, participation in government orders, information about liquidation or reorganization, and much more.
Usually this only requires the partner's TIN A company can be checked for trustworthiness by Spark or Contour Focus, for example. On such platforms, registration is usually required. Services are paid, but they will save your time and make an in-depth audit, which will make it possible to draw up a complete picture of the company.
Verification of a foreign partner
It so happens that there is an opportunity to work with a foreign partner. Of course, such counterparties also need verification. You can request information from a foreign registry (similar to the Russian Unified State Register of Legal Entities) through a special service. The service will be paid.
The official website of the Federal Tax Service of Russia also suggests doing this through the section "International Cooperation". In addition, it is possible to request written information with certification from a notary. A decent company will never refuse such a request.
Signs of Insecurity
Regulators, thanks to their practice, have identified signs that indicate the potential unreliability of the counterparty. These include the following:
- The company is registered at the address at which many other organizations operate with it.
- Big debt on budget settlements, multiple fines.
- The chief accountant and director are one and the same person (perhaps he is also registered in other positions).
- The organization was registered shortly before the offer of cooperation.
There is a document that can help in the matter of checking the company for reliability - Resolution of the Plenum of the Russian Federation No. 53.
Documents Required
Checking the company for trustworthiness under the TIN is possible, but it will be useful to get acquainted with other documents of the organization. The main ones include constituent documents, including an extract from the Unified State Register of Legal Entities, a registration certificate, the right to sign documents by the person through whom the company interacts with the company, and a license, if its type of activity implies. This is an incomplete list. In the case when the organization is going to conclude a particularly large deal, it makes sense to conduct a deeper analysis.
Conclusion
Collaboration with new partners is a great joy for any organization. Thanks to them, the enterprise develops, receives financial profit, expands its influence in the market. But all this under one condition - the partner should not be a fraud, otherwise we will get the completely opposite result.
For this, there is a company check by TIN for reliability. It makes sense to do the verification yourself or through a special service. Indeed, inaction in this case can destroy the business altogether.