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Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

What If I Don’t Assign a Registered Agent for My Entity?

June 25, 2015 Registered Agent

A business that does not select a registered agent may risk falling out of "good standing" with the state in which it is registered. Penalties can include license revocation, fines, and the inability to enter into legal contracts and/or gain access to the state court system. Also, reinstatement proceedings could include further civil penalties and possibly criminal sanctions as well. If you try to file without a registered agent your filing…READ MORE

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First Corporate Solutions Releases Kansas, Montana, North Dakota, South Dakota and Nebraska for Online UCC Searching

June 22, 2015 Services / System Update, Online UCC System

First Corporate Solutions is pleased to announce the addition of Kansas, Montana, North Dakota, South Dakota and Nebraska UCC data and document images to our UCC library of states, available July 1st, 2015. Enjoy consistent search logic, advanced search tools, comprehensive report options, clear document images and a supporting portfolio to save and later retrieve your search reports and document images at no cost any time in the future. Log…READ MORE

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Can I Be My Own Registered Agent or Have a Family Member Be My Registered Agent?

June 18, 2015 Registered Agent

The short answer to this question is Yes, but perhaps it is not the best answer. While it is usually possible in most states to legally serve as your own registered agent (or appoint a friend/family member), it is advisable to designate a third-party to perform this important role. By having someone else responsible for the receipt of your legal and tax documents, you can have the peace of mind that someone will always be available to…READ MORE

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What Does Your Registered Agent Do For You And Why Do You Need One?

June 11, 2015 Registered Agent

If you do not reside in a state where your entity is qualified to do business, then most states require you to have a registered agent* to accept documents on your behalf. The state where your entity is registered needs to know they have a contact person for your business at all times (PO Box is not an acceptable address for registered agents). Your registered agent is responsible for receiving important tax and legal documents, such as…READ MORE

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IRS Disables Online ‘Get Transcript’ Capability Due to Data Breach

June 04, 2015 Lien Monitoring

In an IRS statement last updated May 27, 2015, the IRS revealed “that criminals used taxpayer-specific data acquired from non-IRS sources to gain unauthorized access to information on approximately 100,000 tax accounts through IRS’ “Get Transcript” application. This data included Social Security information, date of birth and street address.” You can read the IRS’s full statement here. In response to this incident, the IRS has…READ MORE

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