Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are firms (corporations and partnerships) required to provide information on changes in their management, ownership and employees as in previous renewal seasons?

April 26, 2017changes corporations employees firms Management ownership partnerships

0

Posted

Are firms (corporations and partnerships) required to provide information on changes in their management, ownership and employees as in previous renewal seasons?

1 Answer

0

Posted

No. That section was deleted from the renewal application because that information is recorded in the Department’s Licensing database. We hope this change will help simplify and expedite the completion of renewal applications for firms. Please note: Firms are still required to file changes in management, ownership and employees as they occur on LDOI Form COR-1. A monetary penalty is assessable if changes are not reported to the Department within ten working days.