Page 1 of 1

How a full-fledged corporate website differs from a business card website

Posted: Wed Jan 29, 2025 9:21 am
by Mimaktsm10
Experience shows that often the person conducting negotiations and signing the contract acts allegedly on behalf of the company's management, but in reality does not have such authority. Therefore, the correct step for a domestic company would be to familiarize itself with the power of attorney, internal administrative documents (by requesting the owner-counterparties) regarding the authority of the persons signing the contract. Such documents may be minutes, orders (copies thereof) on the appointment of the general director or chief accountant.

You should request licenses, certificates, special permits from the foreign counterparty if it carries out activities that require their availability. Documentation on the right to own and dispose of goods and cargo should also be checked at the stage of the transaction.

It may turn out that the existing representative offices of a foreign partner are registered in offshore zones. In such cases, you need to be especially careful when drafting a transaction agreement and the terms of its implementation.

There are many ways to russia email list obtain and verify information about foreign companies on the Internet. They are available to everyone and can be very useful.

Study the official website, see how the potential partner is mentioned in the media. In essence, this is general information, on the basis of which it is unlikely that you will be able to make a prudent decision. And yet, if it turns out, for example, that the foreign counterparty is related to legal disputes, you will be more attentive and careful.

Does the Federal Tax Service of Russia have special methods for checking foreign counterparties and are they available for use by managers of domestic companies? Tax service inspectors work with the help of a publicly available resource posted on the website of the Federal Tax Service of Russia. By going to the section "International Cooperation", you will see a whole list of links, opening which will give you access to foreign databases.

To get a better idea, read the "Recommendations for Working with Foreign Databases". Keep in mind that not all territories and countries will have free access to databases. For example, there are fifty states in the USA, but you can only view the information stored in the databases for 36 of them. Nevertheless, the resource is very useful. It allows you to study information about companies registered in countries that provide open access to their databases.

The amount of information provided varies for different companies. Some databases contain only a minimum of information. For example, the fact of registration in the territory of the specified state. What does this give? Not much, but still: a domestic company can check whether the identification number of a foreign counterparty, entered in its documents, matches the number existing in the database. In addition, you can see whether the status of the company being checked contains any marks about the termination of activities. But there are countries that open more information about legal entities registered in their territory. For example, information about the management team, the regularity of reporting over the past few years. Sometimes even statutory documents are presented in a form available for downloading.

Building business relations with foreign counterparties is attractive not only because of the opportunities it opens for foreign economic activity. It can become a commercial platform for promoting your business, an impetus for its development and growth.

An important point: this type of activity is considered legal and permissible for a particular enterprise only if it is specified in the company’s statutory documents.

Doing business with foreign partners is not an easy task and requires a competent approach and meticulous study of details. The drafting of a commercial agreement is of great importance. If all the subtleties are taken into account and discussed, then only can you expect that the business you have started will bring profit and moral satisfaction. If you have doubts about the correctness and literacy of the prepared agreement, in order to avoid disappointments and losses, seek competent help from specialists working in this field.