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Party Designee section only if you want to authorize the named individual to receive the entity's EIN and answer questions about the. If a business entity is designated as the Agent, a principal (individual) of that entity must sign to accept the obligations.What are the requirements for a Certificate of Authorization? Detailed instructions are listed on the first page of the application. Frequently asked questions about corporations and business entities. A certificate of formation must authorize at least one share. If an entity will be transacting business in the State of South Carolina, it must apply for a Certificate of Authority. Annual and biennial requirements for a business entity. Skip to main content. Virginia. Gov Cardinal A Commonwealth of Virginia Website.