The definition of what is a Corporate Search in layman terms is an insight into a company’s make up. A Corporate Search provides you with valuable information about a company. A corporate search will produce a corporate report, which is a document that verifies a company’s information. The corporate report lists a company’s true corporate name, registered address, and can sometimes list shareholder and director names. When making a credit decision these facts are the basics of a corporate search.
A corporate search should be performed every time you begin working with a new customer. The search report will provide you with valuable information and assist in your decision making process when determining whether or not you will work with a new customer and to verify information they have provided.