How To Conduct On-Line Due Diligence Before Entering Into Business Relationships

Do you enter into business relationships, acquisitions,criminal filings are what you would most be interested
property investments, partnerships, or enter into ain. You can go to the National Association of Counties
transaction without first verifying a companies identity,by going to- and look up the county of your interest
associates and affiliations?Most people do and yourand you will go to their web site and see what kind of
not alone. However most entrepreneurs still enter intorecords that are accessible on-line for you to search. If
business relationships with curiosity and unansweredyou don't know the name of the county, you can
questions they may have regarding a company orlocate a County by just knowing the City and State by
associate of a particular company. Wouldn't it begoing to the U.S Census Bureau and searching their
beneficial to you and or your company to limit liabilitydatabase located here:
and risk by conducting due diligence before enteringyou can locate a County by Zip Code by searching
into business relationships?By limiting your risk andthis database by just entering a zip code soon as you
liability your business will have a far greater chance tolocate the counties web site that you want to search
succeed. By conducting simple due diligence andjust run the subjects name and company name
developing your own profile on any person or businessthrough the various online databases. It can be very
you will have a much better understanding of ainteresting to what you might find through courthouse
particular business and its associates which is vital torecords.You should also run the subjects name,
your business decisions. 90% of the information youcompany name, phone number, any addresses
need to know can be found on-line. You just have toseparately through Google- Using each category- Main
know where to look for it, and how to look for it. I willGoogle, Google Groups, Google News. I typically run
show you how you can develop your own profile onthe above search criteria through Google to see what
anyone or any business on-line for free.Example on aI can find and where it links to. You can also verify if
property investment acquisition. I contacted an individualany address is a mail drop (like Mail boxes Etc.) or if it
who had placed a classified add through an on-lineis actually a street location by using a free database
newspaper under real estate finance/services for hardsearch located here: me give you a recent example of
money lending, private money lenders. I was really justhow my typical investigation starts.The individual that I
trying to get a feel for the market in that specific arearecently contacted in regards to private money lending
of the country. I do this by contacting various types ofhad provided me his name and company name when I
real estate professionals such Agents, brokers, titleasked, which is typical with any dealings on the phone. I
companies/escrow, private/hard money lenders, birdalready had his contact number from the add that he
dogs, wholesalers, etc. When I call I get their personalhad placed on-line in the classifieds under "real estate
name and the company name they work for (if any). Iffinance/services".I first ran the phone number to see if
it's a company its usually an LLC which is veryit was a cell number or a landline number. I do that by
common in the real estate industry or another type ofgoing to
corporate entity. A lot of times people talk fast or notI then ran his telephone number through Google to see
very clear on the phone. So I always have them spellif it appears online anywhere. I enter phone numbers in
out their name and company name and have themGoogle like this:- area code-prefix-phone number.
provide me any additional contact numbers that theyExample- "111-555-1212" . Running this search gives me
can provide should I need to speak with them ata good idea if the phone number he provided me has
another time.When the subject I'm speaking to on thebeen used anywhere online. Sometimes I find a
phone tells me the name of the company he or shedifferent name of the company other than what they
represents and it is a corporate entity such as an LLC,provided, or I may find a web site where the phone
S-Corp, partnership, etc. I know right away I can getnumber was used as a contact number, I may even
the corporate members names within a few minutes. Ifind a personal add placed where the subject was
will first go to the states web site in which the individualtrying to sell a classic car and the contact number
claims to conduct business in and lookup the entitymatched that of which I already had. Or I can find out
online by the name of the company.Just about all thewhich forums the subject hangs out at, he may have
states in the U.S have free online searches at theirused the phone number there. If I find a website where
web sites where you can lookup information about athe contact number I entered into Google shows up, I
corporation by company name or agent names. Justfind out who owns the web site by searching the
go to your favorite search engine like Google or MSNwhois directory located here- I may find another name
and type in the name of the state and corporations.or indeed find out my subject owns this particular web
Example "Arizona Corporations", "Texas Corporations",site.I start developing my profile of the business and
"Nevada Corporations". The search engines willthe subject themselves by initially starting with a simple
typically return the results your looking for within thephone number. I can find all kinds of interesting things
first two organic search result listings. Once you get toby simply running a search through Google with the
the states web site you will need to find where on thesubjects contact telephone number.I then ran the
web site you can lookup a Corporation. Usually it willcompany name that the subject had provided me by
just read "Look up Corporations". Type in the name ofgoing online at the specific states website where I can
the company and you can find out all corporatelook up and find out information about corporations.
members, addresses, resident agents, corporateThis will allow me to verify or reveal agents names.
status- good standing- dissolved, revoked, etc. What ISure enough he was a member of the corporation.
typically do is find out if the name the subject providedHowever the last name he provided to me was
to me on the phone is indeed an actual member of thespelled and pronounced much differently than what
corporation, and then I run his or her name through thewas revealed with the corporation search. It was way
states database and see if he or she is involved in anyoff.I then went to the respective county web site to
other types of corporations. I find that is quite commonsearch online for civil and criminal records on the
to have members involved in severalsubject. I knew which county to search based on the
corporations.Sometimes you will not find a companiessubjects phone number and also the zip code that
name in the specific states database. There could bewas returned for the subjects address revealed in the
a few reasons for this. The company may be a solecorporation search through the states website.I found
proprietor, or the company is registered in anothernumerous civil filings on the subject regarding business
state but has not filed as a foreign entity in the statedealings including an Exparte filed for a wire tap on the
they are doing business in. Sometimes companiessubjects phone number as well as family law cases
operate this way. In this case it would be wise toinvolving domestic violence. I also found a criminal
search the Nevada and Delaware corporation webcase-. Possession of marijuanaNow it doesn't take a
sites to determine if the company or agents arerocket scientist to make up ones mind if they would
registered in either of those two states. There are alike to enter into a business relationship with this
great number of corporations that register in Nevadasubject. There is a greater possibility that I might have
and Delaware simply because of the asset protection.issues with this individual and things may not work out
It's difficult to pierce the corporate veil under the lawsso well in the future.There are many scenarios of why
of those two states and that alone drives many, manyyou would need to conduct due diligence on a individual
companies to register in those particular states.I thenor company. But remember you should always verify
run the companies name and agents name throughor reveal information on an individual or company prior
online courthouse records in the specific county whereto entering into a business relationship.Copyright 2005
they are residing in or conducting business in. Again likeFrank BrunoFrank Bruno has been a Private
with the states, most counties have some type ofInvestigator for 8 years and is an expert in on-line
information that is accessible online. Civil, family law andInvestigations. He has been the manager of since 1997.