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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Legislation Effective January 1st, 2019

January 03, 2019 Uncategorized Something

For any questions please contact your account manager or call 800.406.1577. Alabama - HB72 Revises the Alabama Partnership Act by specifying the procedures for formation, powers, governance, and dissolution available to LLLPs, LLPs, foreign LLLPs, and foreign LLPs that conduct business in the state. California - SB920 Extends the authorization for persons licensed to engage in the practice of engineering, land surveying, or…READ MORE

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New Secretary of State Tools Encourage California Entrepreneurs

December 28, 2018 Uncategorized Something

bizfile California, an online business entity document filing and search platform run by the Secretary of State (SOS), has expanded a lot over the past year. Most notably, it now allows online filing of trademarks, service marks, and Limited Liability Companies (LLCs) formations. Holding true to their commitment to entrepreneurs, the SOS most recently released the ability to terminate LLCs online. CLICK HERE to access the new LLC Termination…READ MORE

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‘Tis the Season of Giving

December 20, 2018 Uncategorized Something

President Samuel Hon, CFO Rich Ahrens, CEO David Silverburg, and Operations Manager CJ Hay with gifts donated to WEAVE this holiday season.  We express our heartfelt gratitude and appreciation for your contributions to our success this past year. In keeping with our commitment to give to those in our community, First Corporate Solutions has donated to the Camp Fire Victims who lost their homes in the recent fires that devastated the…READ MORE

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Thanksgiving State Filing Office Closures

November 20, 2018 Uncategorized Something

The following state filing offices will be closed for the holiday. Wednesday, November 21st Texas Virginia Thursday, November 22nd All U.S. jurisdictions and First Corporate Solutions will be closed. Friday, November 23rd The following states and First Corporate Solutions will be closed: Colorado California Delaware Florida Georgia Illinois Indiana Iowa Kansas Kentucky Maine Maryland Michigan Minnesota Nebraska Nevada New…READ MORE

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Can A Secured Party Be Liable For Failure To File Timely Terminations?

October 19, 2018 Uncategorized Something

According to Section 9-625 of the Uniform Commercial Code, yes. But first, let’s take a step back. In Article 9-513, the section of the Uniform Commercial Code that regards Termination Statements, the below is found under subsection 9-513(b) to address how long a secured party of record has to file a termination statement of a financing statement covering consumer goods if all obligations have been fulfilled by the debtor: 9-513(b)…READ MORE

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Registered Agent, Process Agent, and Special Agency Explained

August 30, 2018 Uncategorized 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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Local Muralist Adds Fresh Look to FCS Corporate Office

July 26, 2018 Uncategorized Something

At First Corporate Solutions one of our guiding principles is to cultivate an environment that encourages ideas and questions the status quo. As part of that mission we are excited to announce the commissioned mural by local artist Jake Castro on the exterior of our corporate office in Sacramento. Having earned a BFA from the Art Institute of Chicago and 14+ years of experience, Castro’s work is a mix of kinetics and geometry that highlights…READ MORE

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FCS Coordinates Meeting With LA County Tax Collector And Bulk Sale Escrow Officers

October 30, 2017 Uncategorized Something

First Corporate Solutions recently coordinated and led a meeting with the Los Angeles County Tax Collector and bulk sale escrow officers helping to represent LA county. We batted around good solutions to a few key issues, and are now discussing implementations. Here are a few of the primary takeaways. Issue:                  Lag time and lack of return of the tax releases Solution:            The tax collector…READ MORE

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The True Value of Customer Service in the UCC Industry

October 20, 2017 Uncategorized 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, true Customer Service can…READ MORE

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