Factoring Agreement Online Format In Fairfax

State:
Multi-State
County:
Fairfax
Control #:
US-00037DR
Format:
Word; 
Rich Text
Instant download

Description

A factor is a person who sells goods for a commission. A factor takes possession of goods of another and usually sells them in his/her own name. A factor differs from a broker in that a broker normally doesn't take possession of the goods. A factor may be a financier who lends money in return for an assignment of accounts receivable (A/R) or other security.

Many times factoring is used when a manufacturing company has a large A/R on the books that would represent the entire profits for the company for the year. That particular A/R might not get paid prior to year end from a client that has no money. That means the manufacturing company will have no profit for the year unless they can figure out a way to collect the A/R.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Fairfax Financial Company typePublic Total equity US$17.527 Billion (Fiscal Year Ended 31 December 2020) Number of employees 44,000 (2019) Divisions (list of divisions) Subsidiaries (list of subsidiaries)12 more rows

Fairfax Financial Holdings annual revenue for 2023 was $9.375B, a 102.39% increase. Fairfax Financial Holdings annual revenue for 2022 was $4.632B, a 82.5% decline from 2021. Fairfax Financial Holdings annual revenue for 2021 was $26.468B, a 33.71% increase from 2020.

Section 4-7.2-1. (B) Gross receipts do not include revenues that are attributable to taxable business activity conducted in another jurisdiction within the Commonwealth of Virginia and the volume attributable to that business activity is deductible pursuant to Code of Virginia Sections 58.1-3708 and 58.1-3709.

Ing to Fairfax Financial 's latest financial reports the company has C$41.35 Billion in net assets. A company's net assets is the sum of its assets minus the sum of its liabilities.

Market cap: ₹2.783 Trillion. As of February 2025 Fairfax Financial has a market cap of ₹2.783 Trillion. This makes Fairfax Financial the world's 637th most valuable company by market cap ing to our data.

Primary risks in invoice factoring include potential client defaults, impacting the factor's recovery; high costs due to fees and interest rates; customer relationships strain from third-party involvement; and hidden fees or contractual obligations.

If a criminal prosecution is commenced and a grand jury indictment is returned or a grand jury indictment is waived after the period within which a civil action arising out of the same set of facts may be brought, a civil action may be brought within one year of the date of the final judgment or order in the trial ...

Fairfax County Clerk's Office The Clerk's Office is open from 8 A.M. to 4 P.M., Monday through Friday. It is located at 4110 Chain Bridge Road, Fairfax, VA, 22030. Email: The Clerk's Office answers email during normal business hours. You can email us at GDCMail@fairfaxcounty.

If you choose to file a lawsuit without an attorney, you first must go to the offices of the Clerk of the GDC in the city or county where: • the defendant lives, is employed or has a regular place of business; • the incident upon which your claim is based took place; or, • if the defendant is a corporation, its ...

Documents you will have to provide: Factoring application. Articles of Association or registered Amendments to the Articles of Association of your company. Annual report for the previous financial year. Financial report (balance sheet andf profit/loss statement) for the current year (for 3, 6 or 9 months, respectively)

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Factoring Agreement Online Format In Fairfax