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8 Reasons Why Every Business Needs a Notary

Every Business Needs a Notary A notary is a third-party person that manages and witnesses signatures on official documents such as contracts and authorizes them as legally binding. Below are the top eight key reasons every business needs a notary, whether they are hired in-house or as part of an outsourcing process.

1. Reduces the likelihood of fraud

Is it important having notaries near me? That is a question that every business should ask when dealing with official documents. When signing business deals, contracts, documents, and processing invoices, the possibility of fraud occurring is quite high. The increased use of technology has created many opportunities for cyber fraud, targeting both small and established businesses. Using the services of a notary reduces the likelihood of fraud in businesses by double-checking and verifying all papers thoroughly before they are signed.

2. Enhances record keeping

Every notary keeps journals of all processes that they are dealing with. Recording the names, locations, times, and roles of the signing parties makes it easier to ensure that everyone involved adheres to their agreement. Besides, keeping records means that the parties can be held accountable should they fail to the terms of the legal agreement.

3. Minimizes bureaucracy

A business will have to get the papers signed and stamped in the bank or a government office for most bureaucratic processes. However, with a notary, these papers can be signed and stamped either online or in-person without visiting an office or a recognized financial institution.

4. They speed up business processes.

Since they minimize the time spent on bureaucratic processes, notaries can speed up most business processes that might have taken weeks or even months. These processes can be completed in hours or several days, depending on their complexity. Apart from saving time and effort required, a notary helps a business make more money and become more efficient.

Every Business Needs a Notary 5. Allows a business to remain focused

Signing important documents and paperwork are not the main operations of a business. Paperwork can be time-consuming, especially when they are complex and in bulk. Seeking the services of a notary helps a business focus on its operations and generate more ideas that will increase its revenue.

6. It helps save money

Using the services of an outsourced mobile notary can save the business money when dealing with official documents. Paperwork and official documents are time-consuming, and dealing with them can be costly, especially when using in-house staff. With a notary, a business spends less time and resources since it will not be mandatory to spend time and money in government offices and banks for authorization of official documents.

7. They are mobile

Outsourced notaries are mobile and can work even outside the business premises. These days, deals can be made any time of the day and at any place. A notary can witness and authorize deals and sign documents at different destinations.

8. They are flexible

A notary is reliable and more flexible when signing business deals. They save businesses time and the hassle of signing and stamping legally binding agreements. Apart from coming to where the business process is conducted, notaries are flexible and can work at any time, including weekends and outside work hours.

Final Thoughts

Finally, they help a business comply with state laws. All official documents should adhere to the state laws pertaining to paperwork and the signing of agreements. A notary helps a business uphold the integrity of legal agreements and signature processes. Utilizing the services of a notary can help a business save money, time and reduce the likelihood of fraud, especially when signing large deals or working with important papers.

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Any facts, figures or references stated here are made by the author & don't reflect the endorsement of iU at all times unless otherwise drafted by official staff at iU. This article was first published here on 30th November 2021.

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