Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

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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Texas Revised Assumed Name Filing Requirements

August 21, 2019 Corporate, Legislation Something

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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Legislative Update

June 20, 2019 Corporate, Legislation Something

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

May 22, 2019 Corporate, Uncategorized Something

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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CA Secretary of State Announces New Trademark Search

May 02, 2019 Corporate, Tips Something

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

January 25, 2019 Corporate, Uncategorized Something

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 Something

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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