Form Assignment Accounts With Skins In Washington

State:
Multi-State
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

A certified copy of your articles of organization or articles of incorporation can be ordered by mail, in person, or online. You cannot order by phone or fax. Normal processing takes 5-7 business days, plus additional mail time. The Washington Secretary of State will mail your certified copy to you.

Washington Annual Report Service & Filing Instructions. The state of Washington requires all corporations, nonprofits, LLCs, PLLCs, LPs, LLPs, and LLLPs to file a Washington Annual Report.

Visit our Corporations and Charities Filing System landing page and log in to your account. Once logged in, select “Business Maintenance Filings” from the navigation bar on the left side, then select “Initial Report”.

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Form Assignment Accounts With Skins In Washington