We use cookies to improve security, personalize the user experience,
enhance our marketing activities (including cooperating with our marketing partners) and for other
business use.
Click "here" to read our Cookie Policy.
By clicking "Accept" you agree to the use of cookies. Read less
What is a Central Registration Agent and Its Legal Significance?
Definition & Meaning
A Central Registration Agent (CRA) is an agent designated by the Small Business Administration (SBA) to manage specific financial activities related to the New Markets Venture Capital (NMVC) Program. The CRA is responsible for issuing Tax Credit Certificates (TCs) and performing functions outlined in the regulations, including those related to Debentures that are funded outside of the pooling process. Essentially, the CRA plays a crucial role in facilitating investment and financial support for small businesses through these programs.
Table of content
Legal Use & context
The term Central Registration Agent is primarily used in the context of federal business financing programs, particularly those administered by the SBA. It is relevant in areas such as business finance and investment law. Users may encounter this term when seeking funding options for small businesses or when dealing with tax credits related to investments. Understanding the role of a CRA can help users navigate the complexities of these financial programs and utilize legal templates from US Legal Forms to manage their applications effectively.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
Here are a couple of examples of how a Central Registration Agent might operate:
A small business owner applies for funding through the NMVC Program. The CRA processes their application and issues a Tax Credit Certificate to facilitate their investment.
A venture capital firm seeks to invest in a new market. The CRA manages the Debenture process, ensuring compliance with federal regulations (hypothetical example).
Relevant laws & statutes
The primary regulation governing the role of a Central Registration Agent is found in Title 13 of the Code of Federal Regulations, specifically 13 CFR 108.50 and 13 CFR 108.1620. These regulations outline the functions and responsibilities of the CRA within the NMVC Program.
Comparison with related terms
Term
Definition
Key Differences
Central Registration Agent
An agent appointed by the SBA to manage financial activities related to the NMVC Program.
Specifically involved in tax credits and Debentures.
Tax Credit Certificate
A document issued to investors that provides a tax benefit for investing in qualified businesses.
Focuses on the benefits provided to investors rather than the management of the investment process.
Debenture
A type of debt instrument that is not secured by physical assets or collateral.
Refers to the financial instruments used for funding rather than the agents managing them.
Common misunderstandings
What to do if this term applies to you
If you believe the role of a Central Registration Agent applies to your business, consider the following steps:
Research the NMVC Program and understand its requirements.
Consult with a financial advisor or legal professional to assess your eligibility for funding.
Explore US Legal Forms for templates that can assist you in applying for tax credits or Debentures.
If your situation is complex, seeking professional legal assistance is recommended.
Find the legal form that fits your case
Browse our library of 85,000+ state-specific legal templates.