If there is no information in the database, this is a reason to be wary. It means the company does not pay taxes, so when cooperating with it, the Federal Tax Service will definitely have questions about your activities.
Additionally, check the legal entity in the “Bulletin of State Registration” . This journal may contain a message that the organization is excluded from the Unified State Register Cooperation with a company of Legal Entities as inactive. In this case, you cannot work with it.
Verification of constituent documentsCooperation with a company
Request documents from a representative of a legal entity or individual entrepreneur according to the list we provided above. Now, using the tax service services, you can compare them with the information that the Federal Tax Service has, right down to the amount of taxes paid.
If a company has large debts, it is dangerous to cooperate with it. If the amount of debts is too large relative to assets and capital, there is a possibility of bankruptcy of the company or individual entrepreneur.
Analysis of financial statementsCooperation with a company
Studying the contractor’s financial activity will allow you to make sure that it has the resources necessary to fulfill the
contract. In addition, the presence of capital shows that the company is not a fly-by-night operation. You can also look
at the actual turnover in the documents: this will show that the company will not close any day due to lack of funds and
will not go bankrupt.
Bankruptcy checkCooperation with a company
Cooperation with a company undergoing bankruptcy proceedings may result in loss of money and time. Check the information in the Fedresurs registry in advance .
If the counterparty is at the stage of bankruptcy proceedings, it is impossible to conclude contracts with them at all – they have no right to operate. If the bankruptcy procedure is just beginning, the situation may improve in the future, but right now it is better not to deal with such a counterparty.
Checking for director disqualificationCooperation with a company
A disqualified director cannot manage an organization, and interaction with such a company will attract unnecessary attention from tax inspectors, which may result in additional tax assessments.
To check the director for disqualification, you can use the FTS service . Enter his full name or the counterparty’s TIN to find out the necessary information.
Register of unscrupulous suppliers
Large suppliers and companies strive to participate in government procurement. But if a company does not conduct
business in good faith, sooner or later it will end up in the ethiopia business email list register of unscrupulous suppliers . It is maintained on the
EIS Zakupki website, and it includes companies that have failed to fulfill a government contract, deceived customers,
or provide low-quality goods/services.
Enter the name or TIN in the search bar to find the counterparty in this register. If it is not there, great. If it is there,
this does not yet characterize it as definitely unscrupulous. But it is worth taking a closer look at the reason for being
included in the register and discussing with the supplier how this happened.
Checking licenses and certificates
If the supplier is required to have certain licenses and less search, more topic exploration certificates, their validity must be checked before concluding the
contract. Without them, he has no right to operate, therefore, it is impossible to cooperate with him in their absence.
The presence of licenses is reflected in the extract from the Unified State Register of Legal Entities or the Unified State
Register of Individual Entrepreneurs. Each must be checked in the licensing authority that issued it.
Checking the validity of a power of attorney
If you are not communicating directly with the director or individual entrepreneur, but with his employee, he must
have a power of attorney to conclude the contract. Be hong kong phone numbersure to check the power of attorney on
the website of the ” Federal Notary Chamber “.
If such a power of attorney is not listed in the databases at all or is marked as revoked, it does not actually exist.
Therefore, it is impossible to conclude a contract with an employee without a power of attorney. This transaction will
be considered invalid, since the employee did not have the right to conclude it on behalf of the company.