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Certificates of Authority will be renewed annually by the insurance companies. CA`s will terminate automatically upon the expiration or cancellation of the license. CA`s may also be terminated at the written request of the insurer or agent.
While a resale certificate itself doesn't expire, a Certificate of Authority is valid for a maximum of three years and is renewable at the the discretion of the Department of Taxation and Finance."
While a Certificate of Authority does not contain an expiration date, the Tax Department has been granted authority under the Tax Law to set an expiration date for any Certificate of Authority issued.
Applying for a Certificate of Authority Some states require that this statement be obtained within a certain time frame of the Certificate of Authority application, such as 30 or 60 days. A Certificate of Authority form is usually filed with the state's agency that regulates businesses, often the Secretary of State.
In New York State, the Certificate of Authority, also known as the Certificate of Authority to Collect Sales Tax, is the Sales Tax ID number the state requires a business to use when collecting sales tax. Requests for a Sales Tax ID number must go through the New York State (NYS) Department of Taxation and Finance.
To apply for a Certificate of Authority use New York Business Express. Your application will be processed and, if approved, we'll mail your Certificate of Authority to you. You cannot legally make any taxable sales until you have received your Certificate of Authority.
The filing fee varies depending on the type of company you own and your desired processing time: Limited liability company (LLC), $275 for a one-week processing time. LLC, $475 for processing within one to two business days. Corporation, $250 for a one-week processing time.
A Certificate of Authority is a document that provides statesother than the one in which your business is registeredall of a business's important information, including official name, owners' names, and legal status (limited liability company, corporation, limited partnership, etc.).
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