Looking for a Wv Tax Forms And Templates? Download it for free!

Section 3.

e. State your purpose briefly and clearly. Please include one or more "categories" which describe

your business, in order to properly classify your business for tax purposes.

Section 4. You must provide the name and address of a person or business to whom a summons or complaint may be

mailed. The agent need not have a West Virginia address. If you change this agent later, you must notify the Secretary of

State.

Section 5. a, b & c. These items, required by W. Va. Code §31-1-53, are self-explanatory.

d. This calculation determines your license tax. Take it one step at a time!

(1) Calculate the stated capital as follows:

_________the par value of all issued shares having a par value

_________consideration received for shares without par value, excluding amount allocated to capital surplus

_________amounts not included above as have been transferred to stated capital on issue of shares as

share dividend or otherwise

_________reductions from the sum of the above as have been effected in a manner permitted by law.

_________Stated Capital

(2), (3) & (4) Estimates must be reasonable and expressed in dollars. Give answer in four decimals.

d.(3) Value of ALL property in W. Va.

[

]

= [0._ _ _ _ ]

d.(4). Proportion of ALL

d.(2) Value of ALL property owned anywhere[

]

property in W. Va.

(5) d.(4) Proportion of property X

d.(1) Stated capital =

d.(5) Apportioned value of issued capital stock

[_________]

[__________]

(6) If a foreign corporation owns more than 10,000 acres of land in West Virginia, it must be

authorized to do

so by a separate certificate of the Secretary of State. A fee of $5.00, plus 5 cents per acre for each acre over

10,000

acres must be added to the application fee. [W. Va. Code §11-12-75]

e. An application for certificate of authority implies the desire to do business in West Virginia. Unless the applica-

tion is for a non-profit corporation, the application will not be accepted if these estimates are zero or a minimal

number. Make estimates realistic.

Signatures & Notarization: Two copies with original signatures of the president (or vice president) and

secretary (or assistant secretary) with notarization and notary seal affixed must be filed.

Calculation of Fees: Find the first year's prorated license tax for foreign corporations in the chart at the right.

Complete the calculations at the left, and make your check payable to the Secretary of State. Remember, pay

for the month your application will be received by the secretary of state.

Fee

Attorney

First Year's Prorated License Tax

License tax from chart:

Schedule

in Fact

Apportioned Value of Capital Stock --Section 5, Line d.5.

For profit only

Choose month

Fee

in which appli-

$0 to

$175,000

$200,001

Over $1 million

Over 15

Registration fee:

cation will be

175,000 -200,000

--1 million

--15 million

million

received

Minimum

For profit -- $100

JUL

100%

$25

$250

$263

$315

$595

$4,375

Non-profit -- $50

AUG

100%

250

263

Add $.35

Add $.2625

4,375

SEPT

100%

250

263

for each

4,375

Atty-in-Fact from chart:

OCT

90%

22.50

225

237

$1000 or

3,938

NOV

80%

200

210

fraction

3,500

Excess acreage fee

If over

DEC

70%

17.50

175

184

thereof over

3,063

JAN

60%

150

158

$200,000;

$1 million;

2,625

10,000 acres owned (see 5.d.6.)

FEB

50%

12.50

125

132

multiply

2,188

MAR

40%

100

105

result by

1,750

Total fee:

APR

30%

7.50

% shown

1,313

MAY*

120%

300

316

for month

5,250

JUN*

110%

27.50

275

289

of application

4,813

REMINDER: Be sure--

• corporate name is available

*May and June rates includes advance payment of next fiscal year license taxes.

• application is complete and two originals sent

• fee & good standing certificate enclosed

Instructions For Form Cf-1 - Applying For A Certificate Of Authority In West Virginia Page 2

Related Articles

Related forms

Related Categories