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2 years ago

Quickly verify loan out Articles of Incorporation during onboarding

You can now require loan out corporations to provide Articles of Incorporation (AOI) or a Certificate of Incorporation (COI) during onboarding, making it simple to verify if a loan out is valid. 

From Company Settings, select Loan Out Setting under Project Preferences.

  • By selecting Yes, Loan Outs will be required to upload an AOI/COI. The AOI/COI will be viewable in Projects > People. Select “View” for a specific Worker and locate the line item “Loan Out information''. Here you can view the company name, federal tax classification, EIN and view the AOI/COI.
  • By selecting No, Loan Outs will not be required to upload an AOI during onboarding.

A few things to note:

  • Whether or not you require an AOI/COI, all loan outs will need to attest to the fact that they, as the loan out worker, are authorized to work in the US to complete the onboarding process.
  • If you require an AOI/COI for your project and the worker does not upload the document, they will not be onboarded and therefore will not be paid until they complete the onboarding process. 

Questions? Reach out to us any time at support@wrapbook.com.