Florida Board of Employee Leasing Companies Board Meeting Report: April 18, 2012

 

At its meeting yesterday, April 18, 2012, the Florida Board of Employee Leasing Companies Board of Directors (“Board”) approved several employee leasing and controlling person applications.  Others were tabled due to a lack of information.  To view the complete meeting agenda, click here.

Although most applications were routine, the first four, which included applications from two employee leasing companies and two controlling persons, spurred much discussion because a 2011 audit that was submitted included a corporation that was not created until April 2012.

The Leasing Company applications included Carolina Resource Management LLC and Florida Resource Management LLC , with Controlling Person applications for Richard Andrew Swaim and Darrin Mark Hunter.

Board member Celeste Dockery initially balked at approving the applications, saying the paperwork was not in compliance with Florida statute because a November 2011 audit report made reference to Florida Resource Management LLC, even though the company was not formed until April 2012.

An attorney for the company said he had requested the financial statement be redone.  The audit showed all zeros for the company because it had not been in operation, he said.

Ms. Dockery said she was concerned there was mention of a company in a 2011 audit that was not created until 2012.

“That audit included an entity that did not exist,” Ms. Dockery repeated.  “What I am saying is I have a problem with the financials – they say it existed in November 2011 and it didn’t exist.  Something is just not cool.”

After much discussion, Board members unanimously voted to approve the applications pending the receipt of corrected financial statements and a corrected Form 8821, a tax information authorization form.

The following agenda items were tabled until the May 2012 meeting:

• Direct Placement Group LLC (employee leasing applicant)
  • Melody Nicole Medina, controlling person applicant
• Payday Inc. (group leader applicant, formerly employee leasing 370)
• Payday Inc. II (group member applicant)
• Payday Inc. III (group member applicant)
  • Robert Kimball, CO 883
• Southeast Drivers II, LLC (employee leasing Applicant)
  • Denny Wilson, CO 551
  • Mark Ruggieri, CO 965
  • James Knight, CO 334

Controlling persons applications for the following were approved, pending the correction of educational information on the applications:

• Erin Julian Lopez, controlling person applicant
  • ADP TotalSource I, Inc. – GL 33
  • ADP TotalSource Services Inc. – GL 4
  • ADP TotalSource Inc. – GL 104
  • ADP TotalSource Inc.-GL 118
• Brian Lawrence Michaud, controlling person applicant
  • ADP TotalSource 1, Inc. – GL 33
  • ADP TotalSource Services, Inc. -GL4
  • ADP TotalSource Inc. – GL 104
  • ADP TotalSource CO XXII, Inc. 00 GL 118

The Board also approved the following application:

• Clinton W. Burgess, controlling person application
  • CoAdvantage resources 24, Inc. – GL 8
  • CoAdvantage resources 13, Inc. – GL 36
  • CoAdvantage resources 11, Inc. – GL 69
  • CoAdvantage resources 11, Inc. – GL 82
  • CoAdvantage resources 29, Inc. – GL 147

In other business, the Board:

• Approved the termination of employee leasing company operations by Adams Keegan – GA, LLC – EL 342 with no discussion
• Accepted the controlling person relinquishment of Craig M. Hill, CO 289
  • Paychex Business Solutions Inc. – GM 7
  • Paychex Business Solutions Inc. – GM 455
  • Paychex Business Solutions Inc. – GM 456
  • Paychex Business Solutions Inc. – GM 46
  • Paychex Business Solutions Inc. – GM 14
• Accepted the controlling person relinquishment of Lee Edward Lichtenstein, CO 519
  • Alabama Staff Incorporated – EL 203

There were no reports or old or new business. It was noted, however, that the next Board meeting will be in-person in Sarasota on May 16 and May 17, 2012.

With no further business before the Board, the meeting was adjourned.

 

 

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