California Consumer Privacy Act Now In Effect
January 02, 2020
The California Consumer Privacy Act (CCPA), a comprehensive consumer protection law that redefines what is considered personal information and how that information is handled, took effect January 1, 2020, impacting companies doing business in the Golden State. Text of the CCPA can be found here.
The CCPA places new requirements on a wide range of businesses that interact with the personal information of Californians regarding the collection,…READ MORE
Delaware Offers Preclearance Review of Corporate Documents to Reduce Rejections
November 14, 2019
Corporate, Due Diligence, Tips
The State of Delaware offers Preclearance Review of Corporate Documents to assist filers through the corporate filing process and reduce the number of filings that do not meet required criteria. Various preclearance corporate filing services are offered and their official review procedures are a convenient way to avoid potential processing errors. This service assures that you have accurately drafted your corporate document before formally…READ MORE
California Escrow Association Conference Recap 2019
October 31, 2019
Events & Tradeshows
First Corporate Solutions (FCS) is proud to have exhibited once again at the 64th annual California Escrow Association Conference hosted at the Hilton Costa Mesa on October 10-12.
The conference featured the installation of incoming President Diane Boudreau-Tschetter and the new 2020 officers, numerous break out sessions and education seminars, and a moving rendition of the Star Spangled Banner. It also featured a lively legislative update…READ MORE
Private Agreements and Registered Agent Requirements
October 17, 2019
Corporate, Registered Agent
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
Secured Party Liability for Failure to File Timely Terminations
September 26, 2019
UCC, Online UCC System, Due Diligence
Can a secured party be liable for failure to file timely finance statement terminations?
According to Section 9-625 of the Uniform Commercial Code, yes. There can be secured party liability for failure to file timely terminations.
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…READ MORE
True Value of Customer Service
September 12, 2019
UCC, Corporate, Registered Agent, Online UCC System, Due Diligence
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
Legislation Effective September 1st
August 21, 2019
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
Texas Revised Assumed Name Filing Requirements
August 21, 2019
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
California Escrow Association Educational Conference Recap
July 19, 2019
Events & Tradeshows
Aloha! We are proud to have exhibited once again at the 29th annual California Escrow Association (CEA) Nor Cal Educational Conference, The Ohana of Escrow! The conference ran from July 11th-12th at the Marriott in San Ramon and hosted a mix of Escrow Officers from around the state.
Our Vice President of Strategic Relations, Chris Cerruti, tabled the event to offer information on our products and services that support Bulk Sale Escrow…READ MORE
July 15, 2019
The following updates to Delaware legislation are effective August 1, 2019.
SB 88 - Chapter 48
Amends the General Corporation Law (GCL), adding new provisions relating to documentation of transactions, the execution, and delivery of paper/electronic documents. Revisions were made to default provisions applicable to stockholder notices and updates to provisions governing notices of appraisal rights and stockholder consents delivered…READ MORE