How and why check counterparties

Before concluding a contract with a particular company, it is important to know about its reliability. Experienced business owners want to work only with trusted and reliable companies with impeccable reputation.

That is why the counterparty check for the TIN is so important. You can find out if the company is bankrupt, whether there is a lawsuit with it and a lot of other very useful and important information. Collaborate with companies that will not deceive your trust.

Why check counterparties

There may be several reasons to check your counterparties. Among them:

• You can determine a company that does not fulfill its obligations;

• You will avoid the opportunity to contact the company simultaneously;

• avoid contact with a criminal company;

• Check if the company is in bankruptcy;

• You can avoid tax problems.

When concluding an agreement with the company, it is better to once again make sure that you have a trustworthy company that will pay you. You have the right to ask the following documents:

• Constituent documents, it is advisable to get a full package of these documents. Information from data must be used with the Unified State Register of Legal Entities;

• Certificate of OGRN and TIN;

• Check the validity of the license, if any.

Remember that working with an unscrupulous company can have certain financial risks. And in the case of not paying the counterparty taxes, the tax may also be interested in your activities. And why do you need this attention from the regulatory authorities.

The main sources from where you can get information about the enterprise

There is a fairly wide list of sources of obtaining information about the counterparty. Here are the main ones:

• Federal Tax Service;

• Arbitration courts;

• Treasury;

• Rosstat;

• Roskomnadzor;

• Rospotrebnadzor and others.

In order to get comprehensive information about the enterprise you are interested in, it is best to use a special service that will contain all the necessary information about the counterparty. You will receive a full report on the activities of the enterprise, from basic to half -confidential data. And if you have questions about working with the service, you can ask them to experienced specialists.