2018 Tips For Speedy Year End Corporate Transactions (Part I)
November 14, 2018
Corporate, Registered Agent, Due Diligence, Tips
Year end is here. Lightning speed transactions require entity Formations and Registrations in several states. Below, we have listed some reminders to help you through the year end rush.
Delaware Direct Access.
Delaware by far is the state where the majority of year-end transactions occur. Working with a service company (Online Agent) that has direct Delaware Corporate Database access will provide you speed and answers when needed.…READ MORE
2018 NAPABA Convention
November 09, 2018
First Corporate Solutions (FCS) is exhibiting at the 2018 National Asian Pacific American Bar Association (NAPABA) Convention in Chicago! The four-day event offers legal professionals’ access to various seminars, updates, and networking opportunities.
NAPABA represents the interests of almost 50,000 attorneys and more than 80 national, state, and local Asian Pacific American bar associations. Its members include solo practitioners,…READ MORE
2018 California Escrow Association SoCal Conference Recap
November 01, 2018
We are proud to have exhibited once again at the 63rd annual California Escrow Association Conference, United We Stand, hosted at the Anaheim Marriott October 11-13.
The conference featured outgoing President Debi Faber installing incoming President Juliana Tu and the new 2019 officers. It also marked the final Legislative Update from California Advocates’ Lexi Howard, who is moving on to new challenges, but will always be remembered…READ MORE
Can A Secured Party Be Liable For Failure To File Timely Terminations?
October 19, 2018
According to Section 9-625 of the Uniform Commercial Code, yes.
But first, let’s take a step back.
In Article 9-513, the section of the Uniform Commercial Code that regards Termination Statements, the below is found under subsection 9-513(b) to address how long a secured party of record has to file a termination statement of a financing statement covering consumer goods if all obligations have been fulfilled by the debtor:
October California Conference Attendance
October 09, 2018
Several of our team members are hitting the road to attend conferences this month. Want to discuss your public records needs? You have the opportunity to address them in-person at the following events.
We are excited to participate in the California Escrow Association’s (CEA) 63rd Annual Education Conference in Anaheim, from Oct. 11th-13th, 2018!
The vision of the CEA is to empower and support escrow settlement agents through…READ MORE
Commercial vs Noncommercial Registered Agents
September 27, 2018
Corporate, Registered Agent, Legislation, Tips
Providing a registered agent for service of process (SOP) when completing business entity filings is often required. Whether it is a commercial registered agent or noncommercial registered agent impacts how the filing is completed.
For example, when appointing commercial registered agents, the filer is not required to provide an address in some states; it is always required of noncommercial agents. Commercial agents also file registered…READ MORE
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