flipstress
Full time employment: Posting here.
- Joined
- Jun 23, 2004
- Messages
- 538
I received a vague request from an uncle who owns a company in the Philippines about "checking out" another company that owes him quite a bit of money.
Said debtor company is described on its website as "A British Virgin Islands Corporation, International Business Corporation (IBC) Operating in the State of California." There are also Federal Corp ID and Dun & Bradstreet ID numbers on the website.
I've been told by our accountant here at work that Dun & Bradstreet have reports, but these are not free. Short of hiring a lawyer, are there steps my uncle could take or research first regarding the company?
I assume that a corporation that registers in the British Virgin Islands does so for tax avoidance purposes, so does that mean this company is shady?
Thanks for any suggestion.
flipstress
Said debtor company is described on its website as "A British Virgin Islands Corporation, International Business Corporation (IBC) Operating in the State of California." There are also Federal Corp ID and Dun & Bradstreet ID numbers on the website.
I've been told by our accountant here at work that Dun & Bradstreet have reports, but these are not free. Short of hiring a lawyer, are there steps my uncle could take or research first regarding the company?
I assume that a corporation that registers in the British Virgin Islands does so for tax avoidance purposes, so does that mean this company is shady?
Thanks for any suggestion.
flipstress