Besides filing the forms and paying necessary fees, are there other requirements for state-registered firms or individuals?
A. Although there is a growing movement towards uniformity, state regulators may impose other requirements. For firms, these might include having to demonstrate minimum net worth, obtaining a surety bond, submitting client contracts for review, or agreeing to service of process. Some states subject individuals to the same type of background check as brokerage agents. It is best to check with the appropriate regulator about additional requirements before filing; waiting until after your forms are filed can delay licensing and your ability to conduct business.
Related Questions
- Besides filing the forms and paying necessary fees, are there other requirements for state-registered firms or individuals?
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- Where can I obtain information on forms to complete and filing fees?
