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Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

Texas Revised Assumed Name Filing Requirements

August 21, 2019 Corporate, Legislation

Texas House Bill 3609: Effective September 1st, 2019 Amends the Assumed Business or Professional Name section (Title 5, Chapter 71) of Texas Business and Commerce Code to remove county filing requirements. Assumed Name Requirements Entities required to file Certificates of Assumed Name if regularly doing business under an assumed name: • Domestic Business Corporations • Limited Liability Companies (LLCs) • Limited Liability…READ MORE

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California Escrow Association Educational Conference Recap

July 19, 2019 Event

Aloha! We are proud to have exhibited once again at the 29th annual California Escrow Association (CEA) Nor Cal Educational Conference, The Ohana of Escrow! The conference ran from July 11th-12th 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…READ MORE

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Delaware Legislation

July 15, 2019 Legislation

The following updates to Delaware legislation are effective August 1, 2019. SB 88 - Chapter 48 Amends the General Corporation Law (GCL), adding new provisions relating to documentation of transactions, the execution, and delivery of paper/electronic documents. Revisions were made to default provisions applicable to stockholder notices and updates to provisions governing notices of appraisal rights and stockholder consents delivered…READ MORE

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The Ohana of Escrow

July 11, 2019 Event

Aloha, Bulk Escrow Officers! The California Escrow Association NorCal Conference is taking place this Friday and Saturday. Escrow officers from across the state will come together and First Corporate Solutions is proud to attend! The Friday and Saturday schedules have planned sessions for many of the expected topics and culminates with the always anticipated Legislative Update. If you’re headed to the conference this week,…READ MORE

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Legislative Update

June 20, 2019 Corporate, Legislation

Alabama House Bill 251 | Effective: 01/01/19 The bill makes technical corrections regarding the name of the Alabama Limited Liability Company Law, the ability of a partnership to continue as an entity for a brief period of time under the law with one partner or no partners and the duty of a partner in a general partnership to not compete with the partnership before the partnership is dissolved. The bill is retroactively effective as…READ MORE

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First Corporate Solutions Names Samuel Hon Chief Executive Officer

June 06, 2019 Event

SACRAMENTO, CA - June 6th 2019 - David Silverburg, the Founder of First Corporate Solutions, Inc. (FCS), recently announced the appointment of Samuel Hon as Chief Executive Officer. With this transition, David will become the FCS Board Chairman, which entails providing the company with fiduciary guidance and consultation. In his announcement, David said, “Samuel has exemplified excellent leadership, and has illustrated a thoughtful…READ MORE

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Delaware LP, LLC, & General Partnerships – Annual Tax Due June 1st, 2019

May 22, 2019 Corporate, Uncategorized

Limited Partnerships, Limited Liability Companies, and General Partnerships formed in Delaware are required to pay an annual tax on or before June 1st of each year. Not receiving notice does not exempt you from filing and paying by the due date. What’s Due & WhenAnnual tax of $300.00 on or before June 1st of each year Missed Deadline Penalty for non or late payment is $200.00Interest accrues on the tax and penalty at the rate of…READ MORE

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The Benefits of API For UCC

May 10, 2019 UCC, Online UCC System, Product Update, Due Diligence, Reduce Financial Risk

Your growing UCC portfolio is a sign of your success. To support it, perhaps it’s time to consider upgrading your UCC Portfolio Manager by installing an API for UCC, an enhancement that consolidates your UCC management into one single system. Designed specifically to streamline and simplify your UCC processes and scale with your success, API for UCC gives you the power to manage your growing UCC portfolio efficiently while freeing you…READ MORE

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CA Secretary of State Announces New Trademark Search

May 02, 2019 Corporate, Tips

Keeping true to their dedication to California Entrepreneurs, the California Secretary of State’s office has launched its new California Trademark Search. This search tool provides customers with the ability to search active trademarks on file with their office. Customers are now able to search by: - registration ID - description of mark - registration date - classification code - name of owner - US Patent & Trademark Office design…READ MORE

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PMSI for Lenders and Legal Professionals

April 19, 2019 UCC

Attorney Bennett L. Cohen of Cohen, Salk & Huvard, P.C., authored our free eBook Purchase Money Security Interests:  Purchase Money Rules in Equipment and Inventory. In it you will find answers to all of your PMSI related questions including: How is a PMSI created? What obligations qualify as a PMSI? Does a PMSI in inventory prime a previously perfected interest in accounts? How do I obtain a PMSI in equipment or inventory? …READ MORE

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