How do I find out if a business is real. Would it be listed by a government or offical list. Internationally?

27.August, 2009

What if it is a not public company. What about the company details. I am wandering if I have a scam or a great company to invest in? The investment is through a ‘friends and family’ oppertunity.

Each state in which they actively do business should also have a record of them on the state website. Go to www.XX.gov (where XX is the 2 letter state abbreviation for the state you are looking up) and somewhere within the state website should be a way to lookup the company by name. They give very little info though, an address and some general stuff.

To check the company out, ask them for their most recent Profit and Loss statement, and Balance sheet (or some form of proof for whatever they are claiming to do). If they can’t get you either of those thats a major red flag.

Personally though, I’d avoid "Friends & Family" stuff. It rarely works out and could end up costing you a friend (or a family member who you never speak too). For years my mother wouldn’t talk to one of our uncles over something like this, and he was a really sharp guy. He just got mom and dad into a deal that didn’t work out. Also, if it was a great company they probably wouldn’t need your money.

Geschrieben von: admin Zufinden in: offical

4 Meinungen für “How do I find out if a business is real. Would it be listed by a government or offical list. Internationally?”

  1. TiGGeR's Paintballin Heaven sagt:
    27.August, 2009 um 6:46 pm

    you can always ask for their Tax ID # and run a search. The name of the company can be different than what it is registered to like if it’s registered to a corporation. If you can ask to see bank references.

    or you can check out http://www.dnb.com You can find info on the company even if they aren’t publicly traded.
    References :

  2. anthony d sagt:
    27.August, 2009 um 7:30 pm

    BBB.org would be the best. The company should be registered through the the Better Business Bureau. Their wesbite is a good resource and can be used when verifying companies that operate on the internet.
    References :

  3. bull_rooster_aardvark sagt:
    27.August, 2009 um 7:37 pm

    Each state in which they actively do business should also have a record of them on the state website. Go to http://www.XX.gov (where XX is the 2 letter state abbreviation for the state you are looking up) and somewhere within the state website should be a way to lookup the company by name. They give very little info though, an address and some general stuff.

    To check the company out, ask them for their most recent Profit and Loss statement, and Balance sheet (or some form of proof for whatever they are claiming to do). If they can’t get you either of those thats a major red flag.

    Personally though, I’d avoid "Friends & Family" stuff. It rarely works out and could end up costing you a friend (or a family member who you never speak too). For years my mother wouldn’t talk to one of our uncles over something like this, and he was a really sharp guy. He just got mom and dad into a deal that didn’t work out. Also, if it was a great company they probably wouldn’t need your money.
    References :

  4. Frank Castle sagt:
    27.August, 2009 um 7:50 pm

    There is not enough information to answer your question.

    Where is the Company? (Country)
    References :

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