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Business Duty Officer

How to check a business before buying

How to check a business before buying

Buying an existing business is a very responsible process., the result of which can be not only losses, but also criminal prosecution, Which is why, you need to approach the verification of your purchase responsibly.

1. Website of the Federal Tax Service of Russia, section "Provision of information from the Unified State Register of Legal Entities/Unified State Register of Legal Entities"

Having received an extract from the TIN or OGRN of a legal entity, you can find out, Has it been subject to bankruptcy proceedings?, whether it is in the process of liquidation or reorganization. you can also get information about the ceo.

2. Website of the Federal Tax Service of Russia, section «Transparent business», «Participation in several LE'

The name of the general director will allow you to check it for mass management of several legal entities. The reason why mass director is dangerous for business topics , is because on the part of regulatory authorities, you'll have to wait for constant inspections.

3. Website of the FSSP of Russia, section "Data bank of enforcement proceedings"

This resource will help to check debts as the legal entity itself, and well as its leadership.

4. Arbitration Case File

This resource will allow you to check the legal entity or its head for participation as a defendant in cases of debt collection. The information found will indicate dishonesty in the performance of obligations.

It’s worth noting, that this instruction is not enough to, have a complete understanding of the business, which you want to purchase. That is why it is best to order a due diligence in an audit firm

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