State of New York WORKERS ' COMPENSATION BOARD STOCKHOLDER OF CORPORATION APPLYING FOR LICENSE TO RE 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the name of the applicant corporation in the designated field. Ensure accuracy as this is crucial for identification.
  3. Next, fill in the stockholder's name and address. This information is essential for correspondence and verification purposes.
  4. Provide the stockholder's Social Security Number and Federal Employer ID Number. If you do not have these numbers, include a brief explanation in the provided space.
  5. Indicate the percentage of stock owned by the stockholder. This helps establish ownership and control within the corporation.
  6. Answer whether there have been any criminal convictions or pending charges against you or your corporation. If applicable, provide details in the space provided.
  7. Respond to questions regarding ownership of stock in corporations with self-insurer status or those authorized to write workers' compensation insurance in New York State, providing details if necessary.
  8. Finally, ensure that the application is signed by either the stockholder or chief executive officer of the parent corporation, attaching any required corporate resolutions if needed.

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Businesses in New York State must have workers compensation coverage for all employees. The rule includes part-time employees and family members employed by the company. Employers must have a workers compensation insurance policy.
Business owners with no employees, individuals in partnerships, LLCs and 1 or 2 person corporations, where all the stock is held by the owners, are not required to cover themselves for workers compensation, but can include themselves if desired.
Employers must have a workers compensation insurance policy. It can come from a private insurance carrier, the New York State Insurance Fund, or self-insurance. Businesses must show proof of the policy when getting business permits. Businesses may be exempt in very narrow circumstances.
Workers compensation coverage IS NOT required for partnerships, LLCs, and LLPs that do not have employees.
If you filed a claim and were assigned a number, you can call (646)264-3000 for information about your claim. If you are a U.S. Department of Labor employee, please call (816)502-0301 for claim status information.

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Is Workers Compensation Coverage Required? Workers Compensation coverage is not required if the business is a one or two person owned corporation, with those individuals owning all of the stock and holding all offices of the corporation (each individual must hold an office and own at least one share of stock).
To apply for authorization, you must: Sign up to use the NYS Workers Compensation Board Medical Portal and/or login with the credentials that have been assigned to you; Complete the required training specific to your profession; Complete the New Provider Authorization Request online application.
If your business does not have employees or if all employers are also owners of the business, you are not required to obtain workers compensation coverage in New York. This most commonly applies to sole proprietors, partnerships, or a New York LLC owned by one or two people.

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