Pet Sitter Connecticut

Small Business Collections: CT Corporation

Walter Small Business: Hey skip, did you ever try to collect from a debtor in court and then found out that he moved to another state just as you got your judgment?

Gene Skiptrace: Sure, things like that happen all the time. You try not to take it personal and you move on.

WSB: It seems a shame. This guy was a manager at Home Depot. I know he was making good money, but rather than pay me the seventeen hundred dollars that he owed me, he transferred to Michigan.

GS: Is he still working for Home Depot?

WSB: Yes, I called up and asked for him and the assistant manager told me that he had transferred a week ago.

GS: You can still get paid on this one. And you don’t have to do anything complicated like domesticating a judgment in a sister state.

WSB: How?

GS: CT Corporation.

WSB: What does that mean?

GS: When a company, let’s say your company Reliable Office Supplies, wants to expand to another state, like let’s say Nebraska. Nebraska considers you a foreign corporation because your home base is here in Ohio. So you have to register with the secretary of state in Nebraska as a foreign corporation and you have to have a registered agent living in Nebraska. This is where CT Corporation comes in. .