CORPORATE
If a client told you he needed to form his business in New York specializing in SELLING watches, he may also need to register his business for this.
What is Sales Tax
TRUE or FALSE, If a client asks you to reinstate their revoked entity and you notice that we're not the agent, you should tell the client that you're drafting the reinstatement form and listing Vcorp as agent.
What is TRUE
TRUE or FALSE, Sales Tax Registration requires employers to withhold a portion of employees money on each paycheck to go towards state tax.
What is FALSE
Income that is withheld on an employees paycheck has to do with Withholding Tax, which is related to Payroll Tax Registration, not Sales Tax Registration
You are required to publish in these two types of newspapers in New York.
HINT: They are specific periodicals
What is Daily and Weekly
It's what must be clicked to adjust any invoice that was created in a prior month.
What is Reopen Invoice
It's the department you would forward the request to if a client wanted to file a Dissolution.
What is Compliance
If a client told you he was hiring an OUT OF STATE employee to work remotely from their home, he may need to register that employee for this.
What is Payroll Tax (Withholding & Unemployment)
It's something that should be offered if a customer has multiple entities that have fallen out of good standing and they want to make sure that never happens again.
What is STAR
Filing for this status means that your non-profit has been approved by the IRS as a tax exempt, charitable organization.
What is 501(c)(3)
In this state, DBAs must be filed and published at the county level.
What is California
If you cancel a line item from an invoice from the previous month, you must issue this to zero out the invoice line.
What is a Credit Memo
It's the department you would transfer the call to if someone asked for an Apostille.
What is Corporate
If we are assisting a client with obtaining their EIN but get an error when attempting online, this form must then be completed and fax filed.
What is an SS4
This Vcorp product should always be offered in New York as we're rarely appointed as agent.
What is Entity Monitoring
Withdrawal/Unemployment registrations may also be referred to as SIT and SUI filings. SIT is an acronym for State Income Tax, and SUI is an acronym for this.
What is State Unemployment Insurance
In Nebraska, your DBA is required to be published within this amount of days.
What is 45 days
Upon receiving these from a correspondent, you must forward them with our invoice number so Accounting can process.
What is a Correspondent Invoice
It's the team leader you can reach out to if you have any payroll or sales tax related questions.
Who is Lorraine Smith
When qualifying a business in another state, oftentimes you will need a good standing from their home state as supporting evidence. However, when qualifying in Arizona or Illinois you would need to supply this as supporting evidence.
What is a Certified Copy of Formation + All Amendments on file
All Domestic Delaware Corps are required to pay their franchise tax reports every year by this date.
What is March 1st
This specific type of registration before fundraising is allowed in most states.
What is Charitable Registration
In this state, your DBA must be published within 30 days, or it immediately becomes invalid.
What is California
A client calling to pay their Annual Report would be directed to this department.
What is Compliance
If you receive an email from a client looking to form a Religious Corporation, you would forward the request to this team.
What is Licensing/Non-Profit
An EIN, Sometimes referred to as an FEIN is required for all businesses to properly pay their taxes. FEIN is an acronym for this.
What is Federal Employer Identification Number
TRUE of FALSE, in order to dissolve a corporation in any state, first, tax clearance must be obtained.
What is FALSE
The Directors of this type of Non-Profit typically cannot be related.
What is a Public Charity
In Ohio, this is the only filing that is required to be published.
What is a Dissolution filing
If a client wants to pay their invoice using their bank account, they would need to be sent this.
What are Wiring Instructions
If a client wanted Vcorp to monitor and handle all of their Annual Reports on a annual basis, they would want to sign up for this service.
What is STAR
We refer these types of filings to our sister company, CT Corp. More specifically, we send them to the CT-Global team.
What are International Filings
NOLO orders which typically come over once a client has filed a formation should always be offered this service, which can help determine additional filings that may be needed.
What is BL Research Package
It's the IRS form for tax exempt status that Non-Profit's can file if they have a gross income UNDER $50,000 for 3 years.
What is a 1023EZ
In order to register a DBA in this state, you are required to publish BEFORE submitting your DBA registration filing.
What is Florida
This is the Accounting Departments' favorite, and busiest day of the month, when they send out statements and report all revenue to WK.
What is the First Business Day of The Month
If a client requests a formation, or foreign qualification, you should ALWAYS ask if they're interested in these two specific upsell products.
HINT: We handle both of them in-house
Payroll Registration & Sales Tax Registration
Our UCC business is growing rapidly. UCC is an acronym for this.
What is Uniform Commercial Code
The Uniform Commercial Code is a uniform law that governs commercial transactions to provide consistency among the states
In order to dissolve a Corp in Pennsylvania, you will first need to receive consent from these two departments.
What is the Department of Revenue & the Department of Labor
This is the number of states that require you to foreign qualify prior to registering for Payroll.
What is 12
AL, CA, CO, IN, KY, MO, NJ, NM, OK, UT, VT, & WA
When filing a merger between two entities, you are required to publish in this state.
What is Georgia
It’s how the accounting department verifies that they actually received the money for all payments recorded in the system.
What is Reconciliation
If someone from our sister organization, BizFilings, calls and asks who can help a customer with payroll related questions, you would forward them to this department.
What is Licensing