The Importance of Official Company Registrars
Originally Published: July 2014
It is typical for a company seeking credit to abbreviate their business name or use a partial company name on applications instead of the complete name. In some instances, the name may be incorrect due to a mistake on the part of the person filling out the application, and, unfortunately, there will be some instances when a company name is deliberately misrepresented in an attempt to commit fraud. It is 100% necessary for sellers to know the correct legal name of potential businesses they are going to be working with. The name and identity number should be listed on all sales contacts and invoices.