Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

Tips For Your Fast-Paced Year End Corporate Transaction (Part II)

November 30, 2017 Corporate, Registered Agent, Due Diligence, Tips

To add to last week’s blog, below are a few additional tips to move your deals at lightning speed and efficiency from our popular and informative post:  Tips For Your Fast-Paced Year End Corporate Transaction (Part II). Have your service company “in the deal” as a partner. If you are able to share a few key points to the transaction, deadlines, or closing date by walking your service provider through the transaction, it will…READ MORE

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Tips For Your Fast-Paced Year End Corporate Transaction (Part I)

November 23, 2017 Corporate, Registered Agent, Due Diligence, Tips

Please enjoy this popular and informative re-post from last year’s blog:  Tips For Your Fast-Paced Year End Corporate Transaction (Part I). We will re-post Part II next week.   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…READ MORE

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FCS Coordinates Meeting With LA County Tax Collector And Bulk Sale Escrow Officers

October 30, 2017 Uncategorized

First Corporate Solutions recently coordinated and led a meeting with the Los Angeles County Tax Collector and bulk sale escrow officers helping to represent LA county. We batted around good solutions to a few key issues, and are now discussing implementations. Here are a few of the primary takeaways. Issue:                  Lag time and lack of return of the tax releases Solution:            The tax collector…READ MORE

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The True Value of Customer Service in the UCC Industry

October 20, 2017 Uncategorized

Want to talk to a live person…need to talk to a live person? How many are you required to speak with, and repeat your story, before you finally get want you want and need (hopefully)? Perhaps you can login to a website and hunt answers to your questions, utilizing help desks and live chats, very useful depending on the issues’ complexities, or lack thereof. But even for login credential relationships, true Customer Service can…READ MORE

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What’s Your Escrow Super Power?

October 13, 2017 Uncategorized

That’s this year’s theme for the California Escrow Association Annual Conference when it convenes this weekend 10/12-10/14 at the Costa Mesa Hilton. First Corporate Solutions is proud to be there again with escrow officers from across the state! Thursday’s main event is the Mark Coniglio Memorial Golf Tournament, always a wonderful kickoff to the weekend’s festivities, followed up by packed Friday and Saturday schedules, and culminating…READ MORE

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First Corporate Solutions To Exhibit At LAPA Conference Saturday

October 05, 2017 Event

First Corporate Solutions will exhibit once again at the Los Angeles Paralegal Association’s (LAPA) 41st Annual October Conference this Saturday, October 7, at the Glendale Hilton. The one-day event offers paralegals access to various legal seminars and legal service providers along with other networking opportunities. First Corporate Solutions (FCS) will present its corporate and transactional legal services, highlighted by Delaware…READ MORE

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California SB 2 Real Estate Transaction Fee Hike An Attempt To Fund Affordable Housing Development

September 28, 2017 Uncategorized

California Senate Bill 2 was was enrolled and presented to Governor Jerry Brown on September 21, 2017. As it awaits his decision to sign or not, and he has indicated he will sign it along with other legislation designed to address the affordable housing crisis in California, what is it and why is it important? If signed, California SB 2 will put into effect a $75 fee on real estate transaction documents when they are filed, capped at…READ MORE

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Single Extra Space Creates Seriously Misleading UCC Debtor Naming Error

September 15, 2017 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

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Frustrated By Missing Documents At Your Closings?

September 08, 2017 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

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Is Big Tech, Not Fintech, Causing The Greatest Disruption To Banking?

September 01, 2017 Due Diligence, Reduce Financial Risk

This was explored in a published report last month by the World Economic Forum. The World Economic Forum, an independent international organization and Swiss non-profit foundation that “engages the foremost political, business and other leaders of society to shape global, regional and industry agendas,” recently published their report Beyond Fintech:  A Pragmatic Assessment Of Disruptive Potential In Financial Services (download…READ MORE

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