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How to issue an SRO

How to issue an SRO

Video: WHAT IS A STOCK RIGHTS OFFERING? (SRO) 2024, July

Video: WHAT IS A STOCK RIGHTS OFFERING? (SRO) 2024, July
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Construction companies today do not have the right to carry out their activities without joining a self-regulatory organization (SRO). This organization gives permission for a certain type of activity of the company, regulates the interaction between its participants, manages the general fund. For registration of membership in SROs, the legislation provides for a number of steps. How to join the SRO?

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You will need

  • - a package of documents provided for by legal and regulatory acts of a particular organization;

  • - funds for paying membership fees.

Instruction manual

1

Choose an SRO in your city where you want to join, and find out what types of activities this organization regulates, whether regulation falls within the scope of your company’s interests.

2

Decide on the list of work that your company will perform. To do this, conduct an audit of the company to document the activities of the company.

3

Hire a professional who has extensive experience in registering for an SRO and is faced with this field every day. It will help to quickly and painlessly collect all the necessary documentation. After that, submit a written application for admission to the SRO.

4

Gather the necessary documents that are provided for by regulatory legal acts and the charter of the SRO organization.

5

Expect verification of the package of documents by the constituent council of the SRO. The timing of verification for different self-regulatory organizations may be different.

6

Make a membership fee after the announcement of the positive results and the decision to accept your construction company in the SRO.

note

After receiving a document in the SRO, which confirms that your company is applying for membership in the SRO, initiating a refusal to join will be quite problematic. This is especially true for those companies that, upon receipt of this document, have already begun work on the object, because it gives you the opportunity to work officially before you join the organization. In some cases, it is enough to formalize licensing activities, and joining an SRO is optional.

Useful advice

The charter of each self-regulatory organization provides an entry fee, the amount of which may vary. Within one day after receiving the application, the SRO issues special certificates and assigns a company registration number to a member of a self-regulatory organization.

draw up sro

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