Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

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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Tips to Choose the Right Registered Agent Service

August 23, 2018 Registered Agent, Tips Something

One of the most critical functions of a Registered Agent is to provide real time access to critical information related to service of process. Registered Agents are your first line of defense in protecting your organization and clients from unfortunate results including default judgments. What criteria can help you choose the right Registered Agent wisely? Does your RA offer years of experience in handling the most sensitive documents…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 For Your Fast-Paced Year End Corporate Transaction (Part II)

November 30, 2017 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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Tips For Your Fast-Paced Year End Corporate Transaction (Part I)

November 23, 2017 Corporate, Registered Agent, Due Diligence, Tips Something

Please enjoy this popular and informative re-post from last year’s blog:  Tips For Your Fast-Paced Year End Corporate Transaction (Part I). We will re-post Part II next week.   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…READ MORE

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Independent Directors, Managers, And Springing Members:  What Are They?

January 19, 2017 Registered Agent Something

Lenders may require independent personnel and independent manager to serve on boards of single purpose entities (SPE’s).  SPE’s are created to protect assets in large real estate transactions. Independent personnel also play a critical role for an entity in distress. An Independent Director  is a member of the board of directors of a company who does not form part of the executive management team.  They are not employees of the…READ MORE

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Registered Agent Questions And Answers

October 20, 2016 Registered Agent Something

In practice, there are some significant advantages to enlisting an outside party to accept service of process and other legal and tax documents on behalf of your business. So what does your Registered Agent do for you and why do you need one? Say for example your trusted employee is out of the office on a day that a process server arrives. Would another employee know what to do with the documents? Remember that failure of a summons to…READ MORE

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First Corporate Solutions CEO Contributes to the Sacramento Bee Investigative Report on Corporate Transparency

June 08, 2016 Registered Agent Something

In its June 5 Sunday edition, the Sacramento Bee published the investigative article Intrigue, offshore connections to Sacramento in ‘Panama Papers’ leak (see quotes below from the article). While First Corporate Solutions (FCS) is featured as a Sacramento-based service company, the investigation’s focus centers on the shortcomings and lack of transparency in the US corporate law system. It also confirms that FCS has done nothing wrong,…READ MORE

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What If I Don’t Assign a Registered Agent for My Entity?

June 25, 2015 Registered Agent Something

A business that does not select a registered agent may risk falling out of "good standing" with the state in which it is registered. Penalties can include license revocation, fines, and the inability to enter into legal contracts and/or gain access to the state court system. Also, reinstatement proceedings could include further civil penalties and possibly criminal sanctions as well. If you try to file without a registered agent your filing…READ MORE

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Can I Be My Own Registered Agent or Have a Family Member Be My Registered Agent?

June 18, 2015 Registered Agent Something

The short answer to this question is Yes, but perhaps it is not the best answer. While it is usually possible in most states to legally serve as your own registered agent (or appoint a friend/family member), it is advisable to designate a third-party to perform this important role. By having someone else responsible for the receipt of your legal and tax documents, you can have the peace of mind that someone will always be available to…READ MORE

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