Thaxton v. Commonwealth

The question presented by this appeal is whether the State Corporation Commission properly ruled that Koscot Interplanetary, Inc., a foreign corporation, was transacting business in this state so as to require it to procure a certificate of authority pursuant to Code § 13.1-102 and so as to subject its alleged agent, Gordon L. Thaxton, to the penalty of a fine under Code I 13.1-119 for its failure to procure such certificate.

The record reveals and the briefs concede that Koscot’s business is two-fold in nature. Koscot is engaged in the distribution and sale of cosmetics, an activity which was…