TPA CORPORATE REGISTRATIONS
As part of the TPA insurance licensing process, many states require verification that the company has registered with the secretary of state's office as an out-of-state company authorized to do business in the state. This applies to corporations, LLC's and partnerships, and other types of business entities. In addition, if the company does not have its own office or physical address in the particular state, the company is required to retain a "registered agent" to receive government and other formal documents on behalf of the company.
The corporate registration and registered agent process can be time consuming, and if not completed efficiently can cause delays in the TPA licensing process itself.
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