Here is the second part of the information pertaining to registering a corporation. Part I was posted last week.
How Do You Register The Corporation?
The filing is called a certificate of authority filing. It must be filed with each state, where applicable. The forms can be found on the Secretary of State website for each state. Applications differ depending on the type of organization you are registering. Make sure you have the correct application for your type of organization. There is a filing fee. The amount varies by state.
Other items that may be needed are:
- Certificate of Good Standing (certificate of status)
- Articles of Incorporation
When the filing is approved, the corporation will receive the certificate of authority. A copy of the certificate of authority will need to be submitted with the business entity license application.
IMPORTANT NOTE: While only about half of the states require proof of a corporate registration prior to submitting an application for an agency license, an agency may still be required to register as a corporation in the states that do not require such proof in the insurance licensing process. Discuss your corporate legal status with an attorney if you have questions. You may also want to consult an accountant.
This information is brought to you by Supportive Insurance Services… Licensing Experts Saving You Time & Money!