In modern market conditions the quantityrelations between individuals and legal entities, and even with the participation of the state and its bodies, is constantly growing. Scientific and professional language such organizations are called contractors. Then you should find out: who is the counterparty?
The counterparty (in the broad sense) is any person expressing his will to education and the performance of contractual relations. Thus, the main principles of the counterparty follow:
A special attention is deserved by the sphereentrepreneurship, because it is here that counterparties acquire a completely different kind. Let's talk about who are contractors of the enterprise. Imagine that you want to sell a product and look for a buyer. Your buyer, in fact, is this counterparty, if he agreed to the terms of the contract. But the amount of transactions is impressive, and therefore you must be reinsured and check your buyer as much as possible, because it can also happen that a person who wants to buy goods from you will not pay it. At the official (legal) address it is not located, it is unclear what it is managed and by whom. Such a counterparty will be a serious problem for your business. Therefore, we must always be as cautious as possible, recheck all organizations that work or want to work with your firm.
In general, it is the entrepreneurial sphere of the beginningactively use the term, in the future making it official. Only legal entities are required to reflect all their counterparties in their accounts department. Who is a counterparty in accounting? It is also a person connected with the organization by the current or expired contractual relations reflected in the document circulation of the legal entity for reporting, payment of taxes and the like. And such a measure of reflection of its counterparts is imperative. This means that any organization should reflect from whom it purchased the goods, to whom it sold, to whom the service was rendered and so on. Moreover, for failure to fulfill certain duties related to document circulation, including in the matter of reflecting information on counterparties, tax and administrative liability may occur.
A little understanding of who is a counterparty,should talk about those who can not be them. There are a lot of nuances here. For example, an incompetent person can not be a counterparty, because he himself has no right to conclude and execute contracts. Counteragents can not be some individuals and legal entities in special relations, for example, in a construction contract, a contractor can not be an individual. Providing for such restrictions, the law protects the public, as well as the interest of individuals - if the organization is physically unable to participate in a particular transaction, it would be better for her to forbid doing this at a legal level, in order to avoid problems. It should be understood that a special license is required to provide certain types of services or the production of certain types of work.
In any case, the implementation of entrepreneurialactivities will lead you to the need for cooperation, the search for contractors, the conclusion of contracts, agreements. In no case should you trust any person who offers you a contractual relationship on favorable terms. Remember that caution is paramount: it is necessary to check on whose behalf a person (or person) acts, what he is and who he is. A counterparty is not only a party to a contractual relationship, it is a business partner and an employee working in a trust relationship that can seriously fail you.
