INITIAL FORMATION & FOREIGN QUALIFICATION FILINGS
If you are starting a business, entering a new market, acquiring a business, or making other entity changes, you may need an initial formation, foreign qualification or DBA filing in order to legally transact business. In all these, cases, ACCEL Compliance can help streamline the filing process for you.
Our standardized process involves an Entity Profile that captures key information needed to complete Secretary of State submissions across the U.S. If you are already a License Management client, your profile is in our system and ready to go.
Once ACCEL completes the initial filing(s) for you, we can monitor and manage the ongoing Annual Reporting requirements for all of your entities and DBAs, in both resident and non-resident jurisdictions.
MANAGED ANNUAL REPORT FILINGS
In addition to assisting clients with initial corporate entity formation, foreign qualifications and DBA filings with relevant Secretaries of State, ACCEL Compliance provides an outsourced service that monitors those filings and handles annual report filings on your behalf. We refer to this service as our Managed Annual Report Service (MARS). As part of this service, we’ll also track your DBAs to make sure they never lapse.
All of your activity is tracked in the GreenLight™ Compliance Management System, so you can check on your state-by-state status at any time.
HOW IT WORKS
- ACCEL maintains an Entity Profile for each of your entities. We contact you at least twice a year to keep the profile information up-to-date.
- ACCEL’s GreenLight™ Compliance Management System tracks the cadence of reporting requirements for each jurisdiction and takes care of the filings for you. State fees are either direct billed to you or passed through by ACCEL.
- In most cases, we can file your annual reports directly on the state portals. For the few states that require your electronic or physical signature, we’ll facilitate that process.
- Each annual report filing is maintained in the GreenLight™ Compliance Management System and available to you to download at any time.
REGISTERED AGENT SERVICES
Most states require that non-resident entities maintain a “registered agent” in order to transact business in that state. The “registered agent” requirement is a legacy legal obligation that creates an ongoing cost, but — in most cases— sees little activity. It is essentially a mandatory “mailbox” for receiving service of process for lawsuits and other legal matters.
To help clients meet this obligation in each state in which they do business, we have negotiated a preferred pricing arrangement with a third-party service provider to provide registered agent services at pricing that is very favorable for ACCEL MARS clients. This is an easy, low-cost way to meet your registered agent requirements.
Many of ACCEL’s current clients have switched to ACCEL and InCorp for MARS and Registered Agent services from large, corporate service providers. They have found our services to be considerably less costly, while also simplifying and combining outsourced compliance services under one trusted roof.