How to check a company for reliability: ways

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Before starting cooperation with any company, any enterprise must correctly check this company to make sure that it is reliable, stable and solvent. In this case, you can protect yourself from scammers or potential bankrupts. How to check the company for reliability? To do this, you can use various methods, but the methods offered on the Internet are considered to be more and more in demand, which allow you to get reliable and up-to-date information completely free of charge and quickly.

Why check?

Checking the reliability of a company is a mandatory process for every enterprise. This process is carried out before the direct conclusion of the contract and the beginning of cooperation. With it, you can achieve several goals at once:

• checks by the Federal Tax Service are prevented, since if the counterparty turns out to be a one-day firm, then the tax authorities, on the basis of the provisions of Art. 54.1 NCs can hold all companies that have contracts with them liable;
• reveals whether a potential partner is on the vergebankruptcy, because if his solvency is low, then it is likely that he will not be able to fulfill his obligations under the drawn up official contract;
• the company will be able to protect itself from scammers who, with the help of a front company, can deceive partners.

Many firms make up a personal dossier for each counterparty. It includes all the information obtained as a result of the check. If in the future the counterparty is held liable by the Federal Tax Service, the tax inspectorate will not be able to punish another company, since it will be able to prove with the help of a dossier that it had previously carried out a full check of a potential partner.

Therefore, verification of counterparties should be carried out annually. Not only new partners are being studied, but also firms with which long-term cooperation has already been established. In this case, you can quickly respond to various changes in the work of firms.

How to test a company for reliability?

To do this, you can use different methods. The most commonly used methods are:

• through the official websites of various state organizations, which include the Federal Tax Service, Rosreestr or other institutions;
• using official requests to the Federal Tax Service, which are submitted in paper form;
• when attracting special agencies involved in compiling dossiers on different companies;
• using special sites on the Internet, allowing you to get maximum information about the workany organization;
• obtaining information as a result of studying various reviews on the Internet.

All of the above methods are simple and straightforward. If you contact specialized organizations that, as a result of cooperation, make up a full-fledged dossier, then their services will be expensive.

Studying information from the Unified State Register of Legal Entities

How to check a company for reliability by TIN? To do this, it is advisable to contact the official website of the Federal Tax Service, where an electronic extract from the Unified State Register of Legal Entities is ordered. To obtain information, the following data about the company being checked must be entered:

• TIN, which can be replaced by OGRN;
• enterprise name;
• if an individual entrepreneur is subject to verification, then his TIN and full name are indicated

An extract is provided on the day of application if a document is required in electronic form. With it, you can find out the following information:

• date of registration of a company or individual entrepreneur;
• information about the founders and official representatives;
• main areas of the company;
• the legal address is checked, which can then be checked for mass character, since if many companies are registered at the specified address, this is a sign of a one-day company, so it is recommended to refuse to cooperate with such an enterprise;
• compares the legal address with the actual place where the company operates.

With the help of an extract from the Unified State Register of Legal Entities, you can really get a lotmeaningful information. Therefore, most often large enterprises use this verification method.

Finding real reviews online

Before you check the construction company for reliability, it is recommended to initially study the feedback about its work on the Internet. Such comments can be left by direct buyers or other contractors. With their help, you can get a lot of useful information, but take into account that some reviews may be left by competitors.

With the help of such comments, one can not only understand how reliable a company is, but also how long it has been operating on the market. If there are no responses on the Internet, then we can say that the company is a newcomer or carefully monitors that there is no negative information about its work on the Internet.

Checking the firm's solvency

It is important to make sure that the company with which you plan to sign a contract is not on the verge of bankruptcy. How to check the company for reliability in this case? To do this, it is advisable to contact the special service of the Federal Tax Service, which is called "Transparent Business". To obtain information, you need to go to the website of the tax service and select the section that offers verification of counterparties. Next, information about the name of the company and its TIN is entered.

With this service, you can get the following information:

• is the company included in a special register of liquidated organizations declaredbankrupt;
• whether several companies are registered for one director at once;
• is the director or chief accountant of the company included in the register of disqualified citizens;
• even the registration address is checked, because if several organizations are registered on it, then through this service you can get the relevant information.

Information is provided completely free of charge and promptly. Therefore, before checking a company for reliability, you only need to find out its name and TIN.

How to check the founders?

Verification should be subjected not only to the direct company, but also to its participants. To do this, it is important to make sure that several companies are not registered with the director, since in this case one can talk about the presence of a figurehead or the use of one-day firms to carry out various illegal operations.

Verification is carried out directly on the website of the Federal Tax Service. To do this, go to the section designed to check counterparties. Next, information about the full name is entered. company founder. If it is revealed that he has several companies, then it is advisable to refuse cooperation. If more than 10 organizations are registered for a citizen, then it can be argued that his activities are carefully checked not only by employees of the Federal Tax Service, but also by the prosecutor's office.

Reporting study

How to check the reliability of an investment company? When studying any organization, you need a lotpay attention not only to publicly available information, but also to confidential information. Therefore, before signing the contract, you should ask the management of the selected enterprise for accounting and tax reporting for study.

Some firms are required to publish statements on their official website.

With the help of such documentation, you can get a lot of information about the activities of the enterprise. To check the reliability of an insurance company, you should get its reports for about 3 years of work. In this case, you can get the following information:

• how much income the organization receives per year of operation;
• did she have losses in the last period;
• what activities does the company do;
• what is the amount of outstanding accounts payable;
• how many debtors the firm has;
• what is the size of the authorized capital.

Using this information, you can determine the solvency and financial stability of the enterprise. Based on the data obtained, calculations are made that determine the size and structure of profits, the turnover rates of fixed assets and other resources, and the reliability of cooperation is assessed.

It is advisable to use not only documents that are available in open sources, but also ask the counterparty for other important papers, which include the charter or other types of reports. If the firm operates in an area where a license is required, then you will have to make sure that it is available.

Drawing up a dossier

Some firms have a question about how to check the reliability of an American company. Using the above methods in this case will not work. Therefore, it is advisable to contact specialized organizations that compile dossiers on different companies.

They use a variety of sources to obtain data, and they also have links with government agencies and large private companies. The result of their work is presented in a full-fledged report, which contains the main indicators from the activities of a potential counterparty. With this information, you can determine the feasibility of concluding a contract.

On what grounds should an agreement not be entered into?

If the company's management will understand how to check the reliability of the company by name or other information, then it will not be difficult to obtain the necessary data. When identifying some signs, it is better to refuse cooperation. These signs include:

• company refuses to transfer standard constituent or accounting documents;
• it turns out that the company has too few resources and fixed assets, so it simply cannot cope with the tasks that will be set for it;
• there are signs that the company is a one-day firm, for example, several enterprises are registered at the same address or the company has been registered for a long period of timesubmits zero reporting to the Federal Tax Service;
• the organization has been operating for less than one year, so there is no way to study its annual accounts or get enough feedback from other counterparties and buyers.

Under such conditions, it is better to refuse further cooperation.

Conclusion

Checking any company is a mandatory process for an enterprise planning to sign any contract with this company. The procedure can be performed independently or with the help of third parties. To do this, you can use open sources on the Internet or check the provided financial statements.

If the audit reveals any signs that the company is not reliable and solvent, then it is better to refuse to sign the agreement.