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Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

Delaware Corporations: Franchise Taxes & Annual Reports due March 1st, 2019

January 25, 2019 Corporate, Uncategorized

For-profit and nonprofit corporations in Delaware should be on the lookout for notices from the Delaware Division of Corporations for franchise taxes and annual reports due for the 2018 tax year.  Not receiving this notice does not exempt you from filing and paying by the due date. Following the 2017 amendments to Title 8 Section 503 many corporations have been left with questions.  We’ve assembled a list of facts to consider during…READ MORE

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Determine Your Corporate Name Nationwide (Part II)

January 10, 2019 Corporate, Due Diligence, Tips

Earlier this week we discussed Corporate Name Availability in more detail. 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, most states will allow you to re-reserve…READ MORE

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Determining Corporate Names Nationwide (Part I: Name Availability)

January 08, 2019 Corporate, 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. Depending on the states and timeline for registering…READ MORE

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Legislation Effective January 1st, 2019

January 03, 2019 Uncategorized

For any questions please contact your account manager or call 800.406.1577. Alabama - HB72 Revises the Alabama Partnership Act by specifying the procedures for formation, powers, governance, and dissolution available to LLLPs, LLPs, foreign LLLPs, and foreign LLPs that conduct business in the state. California - SB920 Extends the authorization for persons licensed to engage in the practice of engineering, land surveying, or…READ MORE

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New Secretary of State Tools Encourage California Entrepreneurs

December 28, 2018 Uncategorized

bizfile California, an online business entity document filing and search platform run by the Secretary of State (SOS), has expanded a lot over the past year. Most notably, it now allows online filing of trademarks, service marks, and Limited Liability Companies (LLCs) formations. Holding true to their commitment to entrepreneurs, the SOS most recently released the ability to terminate LLCs online. CLICK HERE to access the new LLC Termination…READ MORE

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‘Tis the Season of Giving

December 20, 2018 Uncategorized

President Samuel Hon, CFO Rich Ahrens, CEO David Silverburg, and Operations Manager CJ Hay with gifts donated to WEAVE this holiday season.  We express our heartfelt gratitude and appreciation for your contributions to our success this past year. In keeping with our commitment to give to those in our community, First Corporate Solutions has donated to the Camp Fire Victims who lost their homes in the recent fires that devastated the…READ MORE

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New Years Resolutions? Improve UCC Due Diligence

December 13, 2018 UCC, Due Diligence, Tips

2019 is approaching and New Years resolutions are on everyone's mind.  Streamlining and improving your UCC due diligence strategies should be on your list!  Have you considered adapting new strategies to improve your UCC Due Diligence? Evaluating your UCC management can be a complicated process; as a UCC service partner we support our clients responsibility to reduce risks, improve workflow efficiency and cut costs while maintaining accuracy. Experiencing…READ MORE

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Legislative Update – Effective January 1st, 2019

December 06, 2018 Legislation

For any questions please contact your account manager or call 800.406.1577. ALABAMA: House Bill 72 (Act 2018-25), revises the Alabama Partnership Act to provide procedures for formation, powers, governance, and dissolution applicable to domestic and foreign LLPs and LLLPs. CALIFORNIA: Assembly Bill 2237 (Chapter 2018-76), amends the Corporations Code requiring shareholder inspections to be conducted of the accounting records and board…READ MORE

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2018 Tips For Speedy Year End Corporate Transactions (Part II)

November 27, 2018 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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Thanksgiving State Filing Office Closures

November 20, 2018 Uncategorized

The following state filing offices will be closed for the holiday. Wednesday, November 21st Texas Virginia Thursday, November 22nd All U.S. jurisdictions and First Corporate Solutions will be closed. Friday, November 23rd The following states and First Corporate Solutions will be closed: Colorado California Delaware Florida Georgia Illinois Indiana Iowa Kansas Kentucky Maine Maryland Michigan Minnesota Nebraska Nevada New…READ MORE

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