Counterparty verification is an integral part of preparing for a deal. The joint conduct of business can only be successful if the partner is reliable and conscientious. In controversial situations, the judicial authorities must take into account the fact of checking a potential partner. This confirms that due diligence has been taken before entering into the contract.
At the very beginning of cooperation, the counterparty organization should request basic documentation, such as: certificate of registration of legal entities. persons, a document on registration with the Federal Tax Service, a charter, a certificate of absence of tax debts and an extract from the Unified State Register of Legal Entities.
Some companies may forge a document from the Unified State Register of Legal Entities, so it is so important to verify all information about the organization yourself.
Here are some counterparty verification methods :
-
Information from the Unified State Register of Legal Entities can be checked on the FTS website. You can also find out the following on it:
-
are there any disqualified employees on the staff;
-
whether a decision on liquidation has been made in relation to the organization of the counterparty;
-
whether the counterparty provided data for making changes to the constituent documents of the company;
- whether the legal address of the company belongs to the places of mass registration, etc.
-
-
You can check whether the counterparty is among the bankrupts in the Unified Federal Register of Information on the Activities of Legal Entities.
-
On the website of the Supreme Arbitration Court of Russia there is a card index, which lists the current trials and their participants. By entering the organization's TIN or the manager's personal data in the search field, you can find out whether the company is involved in litigation, and if so, in which ones.
-
To check the counterparty for the absence of enforcement proceedings against him, you need to visit the website of the FSPP RF.
-
If the contract to be concluded by the parties involves the performance of any work by the counterparty's firm, you can check the fact of obtaining a license for this type of activity on the website of authorized bodies, for example, Rospotrebnadzor.
There are other ways to check a counterparty, for example, you can familiarize yourself with accounting data for the last year; find out if the partner is listed in the register of unscrupulous suppliers.
When the check has been carried out and the moment has come to conclude the transaction, it is imperative to make sure that the person signing the contract has sufficient powers and whether they are not limited by the charter of the organization.
Counterparty verification is the key to a successful business, therefore never
