Who must be licensed as a controlling person in an employee leasing company?
Generally, someone must be licensed if any one of the following applies: • He or she directly or indirectly owns 50 percent or more of the voting securities in an employee leasing company; • He or she directly or indirectly possesses the power to direct the management or policies of an employee leasing company; • He or she has the general power to endorse any negotiable instrument payable to or on behalf of the employee leasing company; or • He or she is employed, authorized or appointed to enter into a contractual relationship with a client company on behalf of the employee leasing company.
Related Questions
- Does an insurance company that has a Certificate of Authority in Florida have to get registered or licensed as an insurance agency if they have employee agents at their headquarters?
- Are there additional requirements for a temporary employment agency or employee leasing company that does not have a physical location in Rhode Island?
- Why should a homeowner or business person alway make sure they are dealing with a licensed and insured company or individual?
