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kidshelper wrote:LNVN...one of our favorites....I am in MS...they are not licensed in MS.
Message Edited by kidshelper on 07-15-2008 06:25 PM
llecs wrote:
kidshelper wrote:LNVN...one of our favorites....I am in MS...they are not licensed in MS.
Message Edited by kidshelper on 07-15-2008 06:25 PMI have a running tally of states and their licensing and CA requirements so I jumped at the chance when you mentioned Mississippi.I looked everywhere and could not find any mention that CAs are required to be licensed. I tried several agencies and looked throughout the 1972 Code, but couldn't find a thing.The SOS doesn't require it. They do require and they do regulate domestic corporations franchised in or based in MS. So, if LVNV was based in Biloxi, for example, they would have to register with MS not as a CA but as a Corporation (LLC, S-Corp, whatever).The Dept. of Banking and Consumer Finance doesn't have oversight either. All they require of debt-related businesses if for debt management companies to register, which LVNV certainly isn't one.Also checked the Code for DV requirements or CA requirements and there were none as well.The only recourse per licensing is to check the law's of LVNV's state to see if they are licensed there.
(4) "Corporation" or "domestic corporation" means a corporation for profit, which is not a foreign corporation, incorporated under or subject to the provisions of Section 79-4-1.01 et seq.
and "foreign corporation" is:
(13) "Foreign corporation" means a corporation for profit incorporated under a law other than the law of this state.
Sect. 79-4-1.01 spells out the name of the act as "Mississippi Business Corporation Act".
Thanks. Keep us posted.
kidshelper wrote:I have already written a note to call the Mississippi Secretary of State and/or the Attorney General for clarification on whether or not a "company" has to be licensed with the SoS to do business in MS. I will post the answer tomorrow....if I can get the answer.