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 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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Determining Corporate Names Nationwide (Part I: Name Availability)

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

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

November 14, 2018 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. 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 provide you speed and answers when needed.…READ MORE

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Commercial vs Noncommercial Registered Agents

September 27, 2018 Corporate, Registered Agent, Legislation, Tips Something

Providing a registered agent for service of process (SOP) when completing business entity filings is often required. Whether it is a commercial registered agent or noncommercial registered agent impacts how the filing is completed. For example, when appointing commercial registered agents, the filer is not required to provide an address in some states; it is always required of noncommercial agents. Commercial agents also file registered…READ MORE

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Frustrated By Missing Documents At Your Closings?

September 06, 2018 UCC, Corporate, Due Diligence 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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Massachusetts Business Entity Law Clarified

July 12, 2018 Corporate, Litigation Research Something

In March 6, 2017 the Massachusetts (MA) Supreme Judicial court held that a MA director’s duty is owed solely to the corporation. However, the duties may be owed among shareholders in small corporations and when “a controlling shareholder who also is a director proposes and implements a self-interested transaction that is to the detriment of minority shareholders.” The decision, which is a result of IBEW Local No. 129 v. Tucci, is…READ MORE

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Registered Agent for Private Agreements

April 26, 2018 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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Tips To End Billing Headaches With Your Service Company

April 12, 2018 UCC, Corporate, Tips Something

Ever have a partnership with a service company, one that is knowledgeable and able in their solutions, BUT there is still a problem? The service company’s billing system and accounting procedures are a big headache. Perhaps using a subscription billing model such as FastSpring Billing would have been a more appropriate system for them to use, but sometimes we can not be quite this lucky. It gets tiring and frustrating to pay your invoices…READ MORE

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