New York Debt Management license
New York Requires Debt Management companies to be Licensed
New York Debt Management licensing: New York requires companies to be licensed as a Debt Management company. Companies must also still comply with federal, state and local laws. Other licenses or permits may be required depending on the nature of each particular business.
Certificate of Authority
With certain limited exceptions, a New York Certificate of Authority is required if a company does business in New York regardless of where the company is located.
A certificate of authority (also known as a certificate of registration) is a document that the State of New York requires companies not incorporated in New York to obtain before “transacting business” within the state borders of New York .
The filing fee for getting licensed as a Debt Management company in New York is: $3,000 plus a fee to conduct a background check.
The filing fee for a foreign limited liability company to register a New York Certificate of Authority is $250.
The filing fee for a foreign corporation to register a New York Certificate of Authority is $225.
Do you want to check on other states’ requirements for obtaining a New Debt Management license? Click here.