N.Y.
Labor Law Section 1033
Registration process
1.
Except as otherwise provided in this section, a model management company required to be registered under this article shall provide the department with information required by the department on forms that the department specifies.2.
Two or more model management companies that are majority owned by the same ultimate parent, entity or persons may be registered as a model management group. A model management group may satisfy any reporting and financial requirements of this article on a consolidated basis. As a condition of registration as a model management group, each company that is a member of the group shall guarantee payment of all financial obligations of each other member. At a minimum, a model management company or model management group shall provide the following information:(a)
all names under which it conducts business;(b)
the address of the principal place of business of the model management company or model management group and the address of each office it maintains in New York state;(c)
the model management company or model management group’s taxpayer or employer identification number;(d)
a list by jurisdiction of each name under which the model management company or model management group has operated in the preceding five years, including any alternative names, names of predecessors and, if known, successor business entities; and(e)
in the event the model management company or the ultimate parent of a model management group is a privately or closely held company, the model management company or model management group shall file a list of all persons or entities that beneficially own a five percent or greater interest in the model management company at the time of application and a list of persons who formerly beneficially owned a five percent or greater interest in the model management company or its predecessors in the preceding five years. In the event the model management company or the ultimate parent of a model management group is a publicly traded company, the model management company or model management group shall file a list of all persons or entities that beneficially own a fifty percent or greater interest in the model management company or the ultimate parent of the model management group at the time of application.3.
Each model management company or model management group operating within this state shall complete its initial registration within one year after the effective date of this article.4.
Upon application for registration, a model management company or model management group with more than five employees that either work from a location in this state or perform work relating to models in this state shall deposit with the department a surety bond in the sum of fifty thousand dollars.5.
Every model management company or model management group registered pursuant to the provisions of this article shall pay to the commissioner a registration fee before the certificate of registration is issued. The registration fee for a model management company or model management group operating with five or less employees shall be five hundred dollars, and for a model management company or model management group operating with more than five employees, the registration fee shall be seven hundred dollars. If the application for registration is denied or withdrawn, one-half of the registration fee provided herein shall be returned to the applicant.6.
A model management company shall be exempt from the registration requirements specified in this section if such model management company:(a)
submits a properly executed request for an exemption from registration on a form provided by the department;(b)
is domiciled outside this state and is licensed or registered as a model management company in another state that has the same or greater requirements as this article; and(c)
does not maintain an office in this state or solicit in any manner clients located or domiciled within this state.7.
The registration or exemption from registration of a model management company shall be valid for two years; the department shall also establish a registration renewal process.8.
The department shall maintain a list of model management companies registered under this article and shall issue a certificate of registration to each model management company duly registered.9.
The department shall prescribe forms necessary to promote the efficient administration of this section. * NB Effective June 19, 2025
Source:
Section 1033 — Registration process, https://www.nysenate.gov/legislation/laws/LAB/1033 (updated Dec. 27, 2024; accessed Jan. 11, 2025).
