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
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
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
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
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
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.
It gets tiring and frustrating to pay your invoices on time, remit the proper amount to the proper office, yet still end up getting hassled by your service company because they processed your payments incorrectly. You are…READ MORE
Avoid Rejections On Your UCC And Corporate Filings
February 22, 2018
UCC, Corporate, Due Diligence, Tips Something
You’ve done your due diligence. Your ducks are all lined up. Now you just need to file your UCC and/or corporate documents. It’s just a technicality, right? The heavy lifting is done.
And then your filing gets rejected! What happened?
It could be any number of things, depending on the filing office you’re interacting with, but one thing is for sure: rejected filings cost secured parties time and money.
Below are some tips…READ MORE
Tips To Determine Your Corporate Name Nationwide (Part II)
January 25, 2018
Corporate, Due Diligence, Tips Something
This is Part II of our two-part blog on Corporate Names: Tips To Determine Your Corporate Name Nationwide. We re-posted Part I in last week’s blog that discussed Corporate Name Availability in more detail. Today we share some tips on Name Reservation vs. Name Registration.
Name Reservation. This is 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…READ MORE
Tips To Determine Your Corporate Name Nationwide (Part I)
January 18, 2018
Corporate, Tips Something
Please enjoy this popular and informative re-post from a previous blog: Tips To Determine Your Corporate Name Nationwide (Part I). We will re-post Part II next week.
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…READ MORE
Big Changes In Illinois: New Centralized State Tax Lien Registry Created
December 28, 2017
UCC, Corporate, Legislation, Due Diligence Something
Effective in Illinois on January 1, 2018, the State Tax Lien Registration Act will change how state tax liens are filed there. It will create one centralized State Tax Lien Registry for filing notices of tax liens in favor of or enforced by the Illinois Department of Revenue, who will manage the new registry.
Currently, state tax liens in Illinois are filed by the Illinois Department of Revenue for unpaid taxes at appropriate county recorder…READ MORE