Validating formation data from a company

This guide will be a great walkthrough if you want to check formation data for a company.

Main use cases:

  • Getting company administration in order to automate legal contracts.
  • Identify business shareholders
  • Check formation documents

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Charges

Getting information using GET requests does not triggers any additional charge. We only charge for POST requests

⚙️ How this works

Each new EntityValidation (and its associated Validations), results in an entity. This entity can be a company or a person.

→ In the event that it is a person, Plutto will search for information in the local tax office (SII in Chile). The related information can be found in the tax office data page.

→ If the entity is a company, Plutto will also search for formation data, shareholders, administrators, tax office data, and more.

Checking administration faculties from a business

If you want to automate the contract in order to build a fully automated real-time legal enrollment, one step you'll need is getting the formation data.

0. Identify entity type

First you can check in real-time with this endpoint if a company is a "Empresa en un día" or not. This is important so you can change the onboarding workflow of your client.

1. Create an Entity Validation to get the entity information

🔗 Endpoint: https://plutto.readme.io/reference/post_entity-validations

It's important to know which type of entity you are dealing with. The entity.category will tell you wether the entity is a:

  • Person: cl_person
  • Company: cl_registral for "empresas registrales", cl_eud for "empresas en un día"

Additionally, for companies, you will find the business type in the entity.formation.company_type field.

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Read this before continuing

You should only automate legal signing processes for "Empresas en un día". Because Plutto can get all the required data from online sources. For "Empresas registrales", you should review it manually.

Plutto may not read the formation documents correctly (because of complexity issues). When the attribute entity.formation.requires_manual_reviewis True, you should stop this automated process and review business data manually.

2. Get administration type

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Information will be available depending on the type of business. "Empresas en un día" is the business type where you will find the most information.

In the formation.administration.administration_type you can find the administration type of the business. This can have many different configurations, but the most common are: ["por un Gerente General", "por un Administrador", "indistintamente por un Gerente General y un Administrador", "indistintamente por dos Administradores", "conjuntamente por dos Administradores"].

Here you will need to identify what type of administration types you will accept. We recommend that you match only the desired ones, and the others should go into a manual review.

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Plutto helps you identify whether administration type is single_signature

You can check de Entity.formation.simple_signature boolean attribute from the response. Check de Formation Object for more information.

3. Identifying the business administrators

After identifying which is the business administration type, you will have to find out if the person behind your app is the person allowed to sign for the company. In the formation.administration.managers you will find all the the legal managers. Be sure to match the RUT of the person.

If you also need to check whether that person has a special faculty, you can check the faculties object for each manager. Each faculty has a boolean value to identify if that person can do the related action.

4. Identifying the business shareholders

Plutto makes its best efforts to identify the business shareholders. The corresponding data for each will depend on the available data of the company. RUT, shares and participation will not be always available.

To get this data, be sure to check the formation.equity.shareholders array.

5. Getting formation documents

For "Empresas un día", you will find all the corporate documents. For "Empresas registrales" you will find the public newspaper (Diario Oficial) formation documents.

The entity available files will be in the validation objet. Check the files object. There are two relevant files you'll probably like to store: check for the files that match "name": "legal_report", and "name": "constitution".

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Files links will be available for a few minutes. Be sure to store the PDF locally

Each GET request re-generate file links automatically.