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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 Something

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 Something

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

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

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 Something

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 Something

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 Something

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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Private Agreements and Registered Agent Requirements

October 17, 2019 Corporate, Registered Agent Something

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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True Value of Customer Service

September 12, 2019 UCC, Corporate, Registered Agent, Online UCC System, Due Diligence Something

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, the true value of Customer…READ MORE

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Registered Agent, Process Agent, and Special Agency–What are they?

September 05, 2019 Corporate, Registered Agent Something

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

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Legislation Effective September 1st

August 21, 2019 Corporate, Legislation Something

Texas House Bill 1159 Relates to acknowledgment of written instruments on behalf of limited liability companies. Senate Bill 1258 Provides for prosecution under the Penal Code of LLCs and other entities governed by the Business Organizations Code. House Bill 3609 Provides for business entities to file assumed name certificates only in the office of the Secretary of State and repeals the requirement to also file in county clerk…READ MORE

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