Length Of Incorporation

The Length Of Incorporation Answer is used to specify how long a company or legal entity has been incorporated, which is an important factor in risk assessment.

Fields

Field	Type	Required	Description
fieldTypeId	string	Yes	Must be set to "LengthOfIncorporation" (from FieldTypeEnum)
lengthOfIncorporationId	string	Yes	ID of the selected length of incorporation range

Example Usage

{
  "fieldId": "i9j0k1l2-3m4n-5o6p-7q8r-9s0t1u2v3w4x",
  "answer": {
    "fieldTypeId": "LengthOfIncorporation",
    "lengthOfIncorporationId": "a640b5fd-0b98-494a-a6ec-6f7f8e323ff72"
  }
}

Lookup References

This answer model requires values from the following lookup source:

Length Of Incorporation Ranges: For valid values for the lengthOfIncorporationId field, please refer to the Lookup API documentation and use the "LengthOfIncorporationEnum" lookup source.

Notes

• The length of incorporation is a risk factor in customer due diligence - newly established companies often represent higher risk than those with longer operating histories.
• This information should be consistent with company registration documents and incorporation certificates.
• Different length of incorporation ranges may trigger different levels of due diligence or verification requirements.
• This information is often used in conjunction with financial statements and business track record to assess the stability and legitimacy of the business.
• Newly incorporated entities may require enhanced monitoring during the initial business relationship period.
• The length of incorporation is typically verified through company registration documents or incorporation certificates.
• This field is only applicable to company or legal entity customers, not individuals.