State Of Louisiana Disclosure Of Ownership Form Sample: Fill & Download for Free

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How to Edit Your State Of Louisiana Disclosure Of Ownership Form Sample Online

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PDF Editor FAQ

What are the requirements to obtain a Louisiana money transmitter license?

In Louisiana, no person is permitted to engage in the business of money transmission within the U.S. or abroad, without a license. The regulatory body which issues a Louisiana Money Transmitter License (LMTL) is Office of Financial institutions, Louisiana.To apply for an LMTL, the applicant must first register with the Nationwide Multistate Licensing System and Registry (NMLS). Documents have to be uploaded on the NMLS website and certain documents have to be mailed. Along with documents, the following must be included: signatures at all required places, notarized application form, and signatures and a filing fee. The license is issued for a period of one year from and must be renewed before 31 December. Licenses are valid from 1st January to 31st December.Important documents and fees for obtaining the License:· List of direct owners (Individuals with 10% or more ownership)· List of individuals with more than 25% shareholding (indirect owners)· Direct and indirect owners to authorize FBI for a CBC· Bank account details· Louisiana Certificate of authority· Management Chart and Organizational Chart showing ownership percentage· List of states where the license is held· Audited financial statements for the last 3 years· Business Plan· Authorized Agent Locations· Notarized application affidavit· Document Samples· Certificate of company resolution authorizing the signing of documents on behalf of the applicant.· Company Formation Documents· Registration with FinCEN as a Money Services Business· Surety bondInitial License Fee is $800 (Non-refundable) plus $25 for each additional location. Maximum License Fee cost is $5200. FBI Criminal Background Check is $36.26 per person. Renewal Fee is $600 plus $25 for each additional location. Total renewal fee should not exceed $6000. Minimum Net Worth is $100,000. Surety Bond from $25,000 to $500,000 must submitted from a surety company authorized to conduct business in Louisiana. Legal fees vary between $8,000-$12,000.As a full-service Global Law Firm focused on global I-gaming, Financial Services, Licensing, Asset Management, Securities, International Business & Tax; we value hearing from you, no matter where in the world you are. If you have any question, get in touch with us anytime via email, or visit us at www.empireglobal.partnersE-mail: [email protected] Disclaimer:This website, or this blog post and its contents do not create and are not meant to offer any legal advice, and this is not an advertisement or solicitation but merely a legal-minded expression of fact or opinion meant for public consideration, not to be substituted for legal advice.Full Disclosure - Lionel Iruk, Esq is the principal attorney and manager at Empire Global Partners, PLLC and Iruke Legal, Inc.

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