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The Business Services Division of the secretary of state's office is divided into two sections: Business Entities, which operates as a depository for records of domestic entities and foreign entities that have qualified to transact business in Alabama, and Uniform Commercial Code (UCC), which operates a filing and retrieval center for UCC ...
Location of Alabama. Alabama is a state in the Southeastern region of the United States. The state's primary industries are aerospace, education, health care, banking, and various heavy industries, including automobile manufacturing, mineral extraction, steel production and fabrication.
The corporate income tax rate in Alabama is 6.5%. The overall federal, state, and local tax burden in Alabama ranks the state as the second least tax-burdened state in the country. [236] Property taxes of .40% of assessed value per year, are the second-lowest in the U.S., after Hawaii. [237]
(The Alabama insurance guaranty fund is an emergency reserve pool maintained by periodic levies on all insurance companies to create a cash fund to pay the obligations of struggling insurers, [3] similar to FDIC for banks.) As of 2018 Tim Vines is the CEO and President of Blue Cross Blue Shield of Alabama, moving up from Vice President and COO.
In United States business law, a registered agent (also known as a resident agent, [1] statutory agent, [2] or agent for service of process [3]) is a business or individual designated to receive service of process (SOP) when a business entity is a party in a legal action such as a lawsuit or summons. [4]
A low-profit limited liability company (L3C) is a legal form of business entity in the United States. [1] Commonly referred to as a hybrid structure, it has characteristics of both for-profit and non-profit entities. [1]
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