When you are considering entering into a business relationship with another party, it is critical to understand what red flags might upend your agreement. This article addresses the issue of doing business with someone who is breaking the law…specifically, whether or not your potential business partner’s (or clients’) criminal record will prevent you from transacting with him says William D King.
The short answer is that there are several different considerations involved in answering this question; however, it probably will not be an issue if the person has only committed one crime that does not relate to your particular industry or line of work. Further, the circumstances surrounding the crime committed may also determine whether or not you can continue to do business together after learning of your business partner’s criminal history.
Consulting an attorney is recommended before entering into any new relationship with someone who has a criminal record. If you need assistance finding an attorney, the State Bar of Texas Lawyer Referral Service may be able to help… click here to find more information about them.
As always, please feel free to contact us if you have legal questions that require professional assistance says, William D King. We are happy to assist you! Copyright HG.org 2013
How Can I Avoid Working with Criminals?
The best way for anyone to avoid working with criminals is not to do business at all or simply not allow anyone he does not know well into his circle of trust… But this would actually be very limiting in today’s world, where your circle of trust is pretty much the only thing that keeps you safe. So if you can’t avoid doing business with strangers, how else can you keep yourself and your finances safe?
One great way to do so is by using a credit report agency. There are different companies in the industry and depending on what country you live in, they might be for-profit or government-run agencies. Regardless, these companies will go through all their records and see if there’s anything unsavory in your background. And even if they don’t have an existing file on you, they’ll get one from purchasing commercially available data from other sources such as telephone directories, public records or even social media sites like Facebook. The good news about this is it’s free and the information they’ll find will be more detailed than what you’d see in a criminal background check.
But even that isn’t perfect: for example, these agencies won’t know. If someone has committed a crime and kept it secret, Perhaps his file with them was lost due to certain circumstances explains William D King. And while police agencies do provide this credit agency with an updated list of criminals living within their jurisdiction. Not all countries have such agreements. So you might be able to get away scot-free doing shady stuff abroad quite easily. This is thought of as one of the reasons criminals move from place to place…
One other thing you should keep in mind about these companies is that they do make mistakes sometimes. If there’s something wrong with your information, you can visit their website or contact them directly to have it corrected. And if they have sent vendors an alert about you being a criminal. Ask for details on which they are so you can personally call off the relationship.
If you still think anything mentioned here is too much of a hassle or at least simply prefer not to look into these matters at all. That really leaves one option left: trust everybody. You could go out there and do business with anyone you come across. Without worrying about whether or not he’s “clean” (and later discover he isn’t). But unless money grows on trees and everything around is free. This may end up biting you in the rear big time… So be careful who you deal with and be even more careful who you trust!
Crime and Punishment: A Look at the Good, the Bad and the Ugly
When we think of crimes and punishments. We often go to an extreme: murder or robbery on one side and a fine for jaywalking on another. But there’s also a lot in between that many people don’t consider when it comes to punishment; things like probation, fines, community service, and other consequences that may not seem as bad. But can slowly eat into your life if you’re not careful.
For most people, it’s not about whether or not something is legal or not. But whether or not it makes sense explains William D King. And if you want to keep doing business with your partners no matter what they might be involved in legally speaking. That’s totally up to you – just make sure you know who you’re dealing with and do it carefully!