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Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

Tips to Determine Corporate Names Nationwide (Part II: Name Reservation v. Name Registration)

January 23, 2020 Corporate, Reduce Financial Risk, Tips

Last week we provided tips to determine corporate names nationwide regarding Corporate Name Availability. Today we share some tips on Name Reservation vs. Name Registration. Name Reservation Generally a document and filing fee submitted to a Secretary of State office, or just a fee paid. A Name Reservation can hold your name for a term that can vary from 30 to 180 days depending on the state. If your business plans experience a delay,…READ MORE

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Tips to Determine Corporate Names Nationwide (Part I: Name Availability)

January 16, 2020 Corporate, Reduce Financial Risk, Tips

Perfecting your registration or qualification with all Secretary of State Offices under the same name is important for many reasons.  Most companies want name consistency in all the states they are registered or qualified to do business.  Name consistency in each state keeps contracts, business cards, licenses, etc. uniform so that there are no exceptions or variations from state to state when you determine corporate names nationwide. Depending…READ MORE

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California Consumer Privacy Act Now In Effect

January 02, 2020 Legislation

The California Consumer Privacy Act (CCPA), a comprehensive consumer protection law that redefines what is considered personal information and how that information is handled, took effect January 1, 2020, impacting companies doing business in the Golden State. Text of the CCPA can be found here. The CCPA places new requirements on a wide range of businesses that interact with the personal information of Californians regarding the collection,…READ MORE

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

December 12, 2019 Corporate, Registered Agent, Due Diligence, Tips

Below are a few additional tips to help 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 help you execute on multiple…READ MORE

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

December 05, 2019 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 for your year end corporate transaction. 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…READ MORE

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Delaware Offers Preclearance Review of Corporate Documents to Reduce Rejections

November 14, 2019 Corporate, Due Diligence, Tips

The State of Delaware offers Preclearance Review of Corporate Documents to assist filers through the corporate filing process and reduce the number of filings that do not meet required criteria. Various preclearance corporate filing services are offered and their official review procedures are a convenient way to avoid potential processing errors. This service assures that you have accurately drafted your corporate document before formally…READ MORE

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Are You Frustrated by Missing Documents at Your Closings?

November 07, 2019 UCC, Corporate, Due Diligence, Tips

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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California Escrow Association Conference Recap 2019

October 31, 2019 Event

First Corporate Solutions (FCS) is proud to have exhibited once again at the 64th annual California Escrow Association Conference hosted at the Hilton Costa Mesa on October 10-12. The conference featured the installation of incoming President Diane Boudreau-Tschetter and the new 2020 officers, numerous break out sessions and education seminars, and a moving rendition of the Star Spangled Banner. It also featured a lively legislative update…READ MORE

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Private Agreements and Registered Agent Requirements

October 17, 2019 Corporate, Registered Agent

Many agreements, such as contract and loan agreements, require the appointment of a Registered Agent to receive Service of Process or a notice from one party to another, and to deliver the documents to the various parties as soon as possible. Service of Process under a loan agreement and other legal contracts are critical correspondence that should be handled by a professional Registered Agent to ensure the documents are expeditiously delivered…READ MORE

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API for UCC–Are They All The Same?

October 03, 2019 UCC, Online UCC System, Due Diligence, Reduce Financial Risk

In a word, no. The emergence of API for UCC, with its increased efficiency and enhanced compliance capability, has already occurred and the implementation is spreading. UCC data and portfolio management providers have moved quickly to develop API for UCC, making it another technology driven, value added differentiator to their UCC due diligence service packages. Much like how UCC portfolio managers and search engines vary in effectiveness…READ MORE

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