SB 525

Bill Subjects

Annual Reports Business Registrations Certificates Of Good Standing Certificates Of Vendor Compliance Corporations Limited Liability Companies Nonprofit Corporations Partnerships Professional Corporations

Abstract

Prohibits the Director of the Department of Commerce and Consumer Affairs from issuing certificates of good standing unless the entity has submitted a certificate of vendor compliance with its annual report certifies compliance with the Internal Revenue Service, Department of Labor and Industrial Relations, Department of Commerce and Consumer Affairs, and the Department of Taxation. Requires entities to submit certificates of vendor compliance as part of their annual reporting requirements.