Replies to post #130344 on Alternative Energy Partners Inc (AEGY)

[PRmaniac]

If they are doing business in California, dispensary or delivery service, they have to pay for and maintain a business license.
This is to:
1. Prevent money laundering.
2. Have an address (agent or physical address) where service can be made on the business (papers, notification, lawsuits, etc).
3. Ensure that the business can enter into legal and binding agreements. Without authorization to conduct business in the state; the business can not enter into legal agreements, file lawsuits, defend any lawsuit filed against them(they lose by default)
4. Ensure that the business has employee id #'s (for state and federal individual filers)
5. Ensure that the company files state corporate taxes, where applicable, on the goods and services they provide.