subject: Performing A Background Check On Potential Partners In Business [print this page] If you are looking to get into business with someone, you need to know who they are. If you end up going into business with someone who has been in trouble in the past, you could end up causing yourself a lot of trouble. There are honest people in the world, but there are just as many people who are not honest and are who they say they are. When you are in business this becomes extremely important because your investment is at risk.
You may think you trust your business partners, but do you really know them? I am sure you have heard the stories about people getting into bad situations where they thought they knew someone only to find out they were not who they said they were. You could save yourself a lot of that hassle by performing a background check on everyone you decide to be partners with.
There many things you'll want to be on the lookout before starting a business with partners. You will need to be able to learn to spot red flags before you get involved in a deal. You will most likely want to start with a criminal background check on your partner. You may also consider a credit check at some point in the future. A criminal background check will let you very quickly spot any activity that they had been involved in the past, whether it was illegal or not.
A very good example, and one that comes up often, is where a person has been convicted of drunk driving. Would you want to do business with someone who was convicted of driving drunk? This kind of activity always shows up on a criminal background check. You just need to be sure that you are looking in the proper county however, the record could easily escape you if they have lived somewhere else. You'll want to be aware of any kind of information that may be leaked to the public and result in an embarassment to you and your company.
Be sure you get all the current and past addresses of the person you are considering doing business with. There is a possibilityt that if they have lived in other parts of the country that they could have committed a crime and it would bypass your radar. Basially the reason for this is there is no federal database that the public has access to that could help you locate this information. It is very important that you find all the addresses that the subject has lived.
by: Belinsa A. Keefeor.
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