Single Extra Space Creates Seriously Misleading UCC Debtor Naming Error
September 13, 2018
UCC, Online UCC System, Due Diligence, Revised Article 9, Reduce Financial Risk, Tips
A recent court ruling in Wisconsin once again has affirmed the supreme importance secured parties must place on their data entry procedures when naming debtors on financing statements to perfect their security interests.
A recap of the case can be found here. Once again, a typo in the debtor name created a UCC filing that was judged to be seriously misleading, and therefore left the secured party’s security interest with the debtor…READ MORE
Frustrated By Missing Documents At Your Closings?
September 06, 2018
UCC, Corporate, Due Diligence
Familiar with that feeling? Of course we’re all looking for ways to improve efficiency and, on this topic, there are some steps you can take that may help save time and streamline processes so you’re ready when it’s time and you’re not frustrated by missing documents at your closings.
Don’t wait until the last minute. This seemingly simple tactic is vital to assuring you have the documents you need when you need them. If you…READ MORE
Registered Agent, Process Agent, and Special Agency Explained
August 30, 2018
Having an agent to receive service of process (SOP) is not limited just to the formation or qualification of a business. Agents for SOP may be required in cross-border loan transactions or when registering with government agencies other than a Secretary of State or an equivalent special agency. Below we break down the different agent representation and their purposes.
Companies forming or qualifying to do business are required to appoint…READ MORE
Tips to Choose the Right Registered Agent Service
August 23, 2018
Registered Agent, Tips
One of the most critical functions of a Registered Agent is to provide real time access to critical information related to service of process. Registered Agents are your first line of defense in protecting your organization and clients from unfortunate results including default judgments.
What criteria can help you choose the right Registered Agent wisely?
Does your RA offer years of experience in handling the most sensitive documents…READ MORE
2018 California Escrow Association NorCal Conference Recap
August 02, 2018
We are proud to have exhibited once again at the 28th annual California Escrow Association (CEA) NorCal Conference, Yo Ho Ho, an Escrow Life for Me! The conference ran from July 20th-21st at the Marriott in San Ramon and hosted a mix of Escrow Officers from around the state.
Our Vice President of Strategic Relations, Chris Cerruti, tabled the event to offer information on our products and services that support Bulk Sale Escrow Officers,…READ MORE
Local Muralist Adds Fresh Look to FCS Corporate Office
July 26, 2018
At First Corporate Solutions one of our guiding principles is to cultivate an environment that encourages ideas and questions the status quo. As part of that mission we are excited to announce the commissioned mural by local artist Jake Castro on the exterior of our corporate office in Sacramento. Having earned a BFA from the Art Institute of Chicago and 14+ years of experience, Castro’s work is a mix of kinetics and geometry that highlights…READ MORE
National Association of Legal Assistants 2018 Conference and Expo Recap
July 19, 2018
The National Association of Legal Assistants (NALA) held its annual educational conference last week at the Hilton St. Louis at the Ballpark. We are proud to have attended once again with friends, partners, familiar faces and new acquaintances. NALA is the leading paralegal association in the U.S. whose mission is to provide continuing education and professional development programs to all paralegals. If you attended this year’s conference…READ MORE
Massachusetts Business Entity Law Clarified
July 12, 2018
Corporate, Litigation Research
In March 6, 2017 the Massachusetts (MA) Supreme Judicial court held that a MA director’s duty is owed solely to the corporation. However, the duties may be owed among shareholders in small corporations and when “a controlling shareholder who also is a director proposes and implements a self-interested transaction that is to the detriment of minority shareholders.”
The decision, which is a result of IBEW Local No. 129 v. Tucci, is…READ MORE
Three More Tips For Bulk Sale Escrow Officers In California
June 21, 2018
UCC, Due Diligence, Tips
With the Norcal Escrow Conference fast approaching, here's a repost of three MORE handy tips for Bulk Sale Escrow Officers in California.
We’ve been supporting Escrow Officers handling bulk sales for a quarter century, and over that period we’ve learned more than just a few things from our friends in the industry, and in this blog post we share three more tips for Bulk Sale Escrow Officers in California that we’ve learned and their…READ MORE
Secured Creditors and Unsecured Creditors: What’s the Difference?
June 14, 2018
UCC, Online UCC System, Due Diligence, Reduce Financial Risk
There are secured creditors and unsecured creditors. But what is the difference between secured creditors and unsecured creditors?
Secured Creditors are creditors that hold a lien on its debtor’s property, whether that property is real property or personal property. The lien gives the secured creditor an interest in its debtor’s property that provides for the property to be sold to satisfy the debt in cases of default. The secured…READ MORE