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When an entity is in good standing with the chartering agency, it may obtain a "certificate of good standing" which indicates this to be the case. [6] In some cases, a bank may require an entity wanting to open an account such as a checking or savings account to show a certificate of good standing from the chartering agency.
Division of Administrative Rules (DAR), which produces the weekly New York State Register that provides information on the rule making activities of state agencies, is the official compiler of the New York Codes, Rules and Regulations (NYCRR), and publishes information on the Great Seal of New York, the State Constitution, and other official ...
Notaries public must be residents of the state or have an office or place of business in the state. [3] [4] Attorneys at law with the exception of taking and passing the initial, written notary examination, must follow the same appointment and re-appointment process as non-lawyers; lawyers are not automatically appointed as notaries because they are licensed as lawyers. [4]
The practising certificate requires the payment of fees, insurance and a contribution to the fidelity fund (which compensates clients in some circumstances). For a solicitor to work independently with unrestricted certificate, solicitor must practice with another solicitor for two years who has held unrestricted certificate for ten years.
There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
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The Government of the State of New York, headquartered at the New York State Capitol in Albany, encompasses the administrative structure of the U.S. state of New York, as established by the state's constitution. Analogously to the US federal government, it is composed of three branches: executive, legislative, and judicial.
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