Check the counterparty and yourself by TIN. How to minimize risks when concluding a contract?

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

The business reputation of a business partner is one of the most important points of any business. The prosperity of your company will also depend on how he fulfills his obligations. But how to check the counterparty and protect yourself from possible troubles? To do this is not so difficult. You will need to know a minimum of information about the future partner. Most often, it is enough to know only the TIN. How to check the counterparty and protect yourself? Read more about it below.

Why check?

Even a novice entrepreneur knows: if you want to minimize business risks as much as possible, check yourself and your counterparty in every possible way. Most often, large firms with a well-established financial security service resort to such checks. Small companies, as well as single entrepreneurs, are most oftenneglect such activities. And in vain. Checking a counterparty for free, quickly and reliably is quite simple. You just need to know what to pay attention to.

What does the TIN mean and how to check its reality?

First of all, you should check the counterparty by TIN. What it is? TIN stands for Individual Identification Number. It is assigned to each person or entrepreneur as a sign that he is registered with the tax authorities.

You can find it using any search engine. It is worth "hammering" the full name of the enterprise and you will immediately receive a lot of information, including the TIN of the company. You can also do the reverse operation - by the TIN number, find out additional information about the company.

Sometimes, however, it also happens that the TIN seems to be there, but no information can be found on it. It's worth thinking about here. Perhaps the proposed number is not real and is just a set of numbers. And the company is a one-day business. You can check the counterparty and protect yourself in this case. There is a simple formula with which you can check the reality of the identification number. For any legal entity, the TIN consists of 10 digits. We will use the first 9 for calculations, and the 10th is a test.

Take the first 9 digits and multiply them like this:

• 1st - multiply by 2;
• 2nd - by 4;
• 3rd - by 10;
• 4th - multiply by 3;
• 5th - by 5;
• 6th - by 9;
• 7th - increase by 4 times;
• 8th - multiply by 6;
• 9th - to 8.

Now add all the results together and remember this number.

The number obtained as a result of addition, divide by 11. If the resulting result has a remainder, then you need to discard the decimal part, and multiply the whole number by 11 again. Now compare the resulting number and the one that came out as a result of adding the products (we remember him). You have to subtract one from the other. The resulting digit must match the last, tenth digit. If everything worked out - the TIN number is real, it didn’t work out - it’s worth considering.

How to find out the TIN by company name?

If you do not want to be asked questions by the tax office, it is necessary to check the counterparty before concluding a transaction. If, apart from the name, you do not know anything about future partners, it does not matter. You can also find out the TIN. There are little rules here:

• company name is entered into the search engine without quotes;
• search must be done by full name, without abbreviations;
• Enter the name exactly as it is, even if there are spelling or grammatical inaccuracies.

Having found the necessary data, you can find out not only the TIN, but also some other data. Sometimes the difficulty may lie in the fact that several firms can have the same name. Then you can check by type of activity or some additional information.

How to find the TIN using other details?

Checking the counterparty by TIN is easy. But sometimes this datais not enough. If the company you are looking for has its own website, you can usually find details such as Unified State Register of Legal Entities, State Registration Number or PSRN there. All this may be useful for further verification. Having learned from open sources as much additional information as possible, you can contact the Federal Tax Service. Personal appeal, of course, costs money, but the expenses are fully justified. The tax office will be able to check the counterparty very quickly. You will be provided with the most accurate and reliable information. For individuals, a certificate costs 200, and for legal entities - 400 rubles.

Collecting counterparty data: what to check?

If you plan to make a deal with a new counterparty, try to get as much information about him as possible. You will need copies of the following documents:

• certificate of state registration;
• certificate of tax payer;
• bank details;
• license to operate (if any);
• copy of the company charter.

Obtaining full information about the counterparty includes the following items:

Basic data. This includes: surname, name of the founder, full name of the enterprise, TIN, date of foundation, legal and physical addresses, information on whether this entrepreneur has already liquidated firms.

Information about the enterprise. Data on the legality of the company, reviews, especially from independent sources.

Employee data. Some firms pass a large number of transactions through their employees, thereby diverting attention from the head.

Information about the proposed transaction. Particular attention should be paid to the amount of the contract. If we are talking about cooperation with individual entrepreneurs, then there can be no talk of any millions. If a certain LLC offers you a deal in the amount of more than 25% of the funds on the balance sheet of the company, you should think about such cooperation. Information about the state of the balance must be requested even before signing the contract.

Check counterparty by TIN: Federal Tax Service

This is the very first place to visit for reliable information. The federal tax service can check the counterparty by TIN very efficiently. Of course, there is a temptation to do this quickly and for free, using the appropriate services on the Internet. But if the transaction is large, it would still be best to personally visit the tax office and make an official request. The received document will not only completely protect you from scammers, but will be a kind of "charm" from the tax authorities themselves. They will no longer have reason to claim that you did not take sufficient steps to identify an unreliable counterparty.

Nalog.ru: check yourself and the counterparty

If you don’t need an official document with signatures and seals, but you don’t need money for a paid check, you can use the official website of the Federal Tax Service. It is called so - nalog.ru (nalog.ru). Check yourself and the counterparty, and nothing threatens your business.

The site is quite simple. It is intuitive even for those who rarely deal with a computer. To startyou need to go to the appropriate section:

• individuals;
• IP;
• legal entity.

Now select the link "Check counterparty" from the list and go to the corresponding page. In the window that appears, enter the TIN / OGRN numbers or the name of the organization. In the window located just below, enter the captcha - a few numbers written in the picture. Now press the "Find" button and enjoy the result. On the page that opens, you can download a document in.pdf format, which contains almost complete information about the company.

So if you don't want problems, go to nalog, check yourself and the counterparty and feel protected.

On the website of the Federal Tax Service, you can carry out other types of searches:

• Information about persons who submitted documents for state registration or for making changes to constituent documents.
• Data on persons in respect of which a decision was made to liquidate, reorganize or reduce the authorized capital.
• Information about the exclusion of an inactive legal entity from the Unified State Register of Legal Entities.
• Register of disqualified persons and information about organizations whose executive bodies include such persons.
• Addresses of mass registration and data on firms with which there is no connection with registered addresses.
• Data on organizations with tax arrears or tax reporting failures.
• Information about individuals with several organizations registered.
• Other data.

What you can learn about IP

If you decide to check the counterparty and yourself, and your counterparty is an individual entrepreneur, then with the help of the service department of the Federal Tax Service you can get the following information:

• last name, first name, patronymic;
• citizenship;
• USRIP registration number;
• date of registration;
• data on the availability of licenses and their number;
• information about tax registration - date and TIN;
• OKVED - codes of business activities;
• data on registration with the Social Insurance Fund and the Pension Fund;
• information about the specific department of the tax service, in which the documents on the registration of a particular individual entrepreneur are located.

What information can I get about a legal entity

If your counterparty is a legal entity, then the website of the Federal Tax Service can provide you with the following information:

• Name and legal address.
• Date and registration number of PSRN.
• Information about the founders of the company, the creation or reorganization of a legal entity.
• Information about any significant changes in the activities of the organization.
• Data on the beginning of the liquidation or reorganization, if any.
• Information about the head of the company and the amount of the authorized capital.
• Information about all divisions of the company.
• OKVED data and information about all available licenses.
• Information on registration in the FSS and PF.
• Information about the specific department of the Federal Tax Service, in which the package of documents on company registration is located.

You probably already understood: "If you want to minimize business risks, check yourself and your counterparty." By following this rule with every transaction, you will not only never have problems with the tax office, but also protect your money from scammers.