Are you planning to invest in a business or buy a property? Well, then you must keep in mind the legal requirements in any business transaction.
People should be cautious whenever transacting any business as there are many conmen ready to take advantage of any of your mistakes. There are many things which makes a business vulnerable to conmen.
Here are five areas people should be careful whenever transacting a business:
Buying a propertyA property can be a house or a piece of land. Such business transactions should be taken seriously and even get lawyers involved. There are very many conmen in these areas of business as they act as middlemen before you land on the real property dealer.
Job searchingMany Kenyans have been made to believe that before you get a job, you need connections. However, one can also get a job through payments. Take care as many people have been conned their money while paying to get a job. Remember not to give anyone money to get a job.
ElectronicThis is another area infected by fake things. Electronics such as computers and mobile phones have many counterfeits. Before buying an electronic, be sure that you have confirmed it’s really original.
LicensesBuying licenses through back-door is highly discouraged. This is a good breeding ground for conmen as they take money to give licenses. However, people should know that an original license is only acquired only through paying and no shortcut.
Buying a carMany people have been sold stolen cars. Before buying a car, make sure you confirm that you are buying it from a registered dealer and not a middleman. More so, make sure you are buying a car from a known dealer even if it’s registered.