Replies to post #27544 on PTA Holdings, Inc (PTAH)

[user134247]

Looks can be deceiving, and are. They had to change their story about how the rubber met the road. They eventually came semi-clean but Nortford never had any dept of transportation authority, and
didn't disclose until much later that they had to contract for complete and back of house management services with an outside firm.

What state does PTAH do business in?

What is a qualification?

If your corporation or Limited Liability Company (LLC) conducts business outside of the state where it was formed, then you may need to register your company in additional states-also referred to as "foreign" states. The Company Corporation can assist you with this registration process, known as 'qualifying'.
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How do I qualify in a foreign state?

Requirements for qualification vary by state. The Company Corporation can tell you what information you need in order to qualify. TCC can help you to file the documents your company needs in all of the states where you do business..
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How do I know whether my company needs to qualify in a foreign state?

A company needs to qualify in the states where it is "doing business," Generally, a company is doing business in a state if it has regular, repeated and continuous business contacts of a local nature in that state. Typically, a business is doing business in a state where it:

Has an office, employees, and advertises

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What could happen to my business if my company doesn't qualify in a state where it does business?

In some cases, a business can be liable to pay penalties or back taxes for the time period that they were doing business without qualification. Another downside is that in some cases, your company will not have access to the courts in that state. This means you will not be able to bring a lawsuit in that stateAlmost all states impose penalties, and in some states these penalties can be applied against the officers and directors of the company. In one state, Louisiana, officers and directors not only face civil penalties for failing to qualify, but can face a prison sentence as well.