Risk Management Blog

In most states, filing articles of incorporation (or organization) is a pretty straightforward process; document filers simply fill out a form, collect a signature using Docusign integration software and send the document off to be filed. Nevertheless, corporate filings often get rejected and it is usually for simple errors. What follows is a brief overview of three easy tips to help guard against rejection of your business formation filings. 1.… >> READ MORE

We are building resources for you!  This week we have added web-links to all the Secretary of State offices under our Resources page.  Much like our Business Entity Search webpage from last week, you do not have to conduct multiple searches, or websites to find what you need.  We have it all on one page. Please let us know what government agencies you search most so that we can prioritize adding them. You may also contact our Legal… >> READ MORE

With the holiday season upon us, end of year deadlines and commitments drive activity. So much still to do! One of the to dos we all have is to make our plans for the next year. We review systems and solutions and processes and procedures with an eye on fixing any breakdowns that have been experienced and determining if any changes need to be made. When it comes to evaluating your UCC management, you need a UCC service partner that supports… >> READ MORE

Reduce UCC filing errors and streamline UCC processes while you improve compliance and accuracy - all at the same time. Sound good? You can do it with API for UCC. API for UCC allows you to improve compliance and accuracy while at the same time easing workload. It frees up valuable time for you and your staff to focus energies on other key aspects of your operation, and gives you the power to efficiently manage your growing portfolio… >> READ MORE

Let’s face it – 2020 was a tough year for business. The COVID-19 pandemic forced business leaders to pivot like never before. Altering the workplace to accommodate social distancing, sending staff off to work from home and then constantly monitoring the requirements to stay open as the rules were changed by local jurisdictions to help slow the spread of the pandemic became the rule. Luckily, there are many great business leaders… >> READ MORE

The impact of the coronavirus (COVID-19) is being felt worldwide and First Corporate Solutions is doing everything possible to maintain workflow capabilities and standards while this worldwide event plays out. There are, however, certain documentation processes that are out of our control, like closures or limitations to filing offices and court records due to quarantine or other action. Below is a list of filing offices that are being impacted… >> READ MORE

First Corporate Solutions was once again proud to sponsor the 2020 International Association of Commercial Administrators’ (IACA) Annual Merit Award Ceremony. The IACA Merit Awards provides administrative offices with a forum to share successfully implemented changes in their home jurisdictions. The focus is always on innovation and this year’s entries did not disappoint. The judging for the Merit Awards takes effectiveness,… >> READ MORE

In a word, no. The emergence of API for UCC with its increased efficiency and enhanced compliance capability has already occurred and the implementation is spreading. UCC data and portfolio management providers have moved quickly to develop API for UCC and it is now another technology driven differentiator added to their UCC due diligence packages. Much like how UCC portfolio managers and search engines vary in effectiveness and… >> READ MORE

In a word, yes, as long as there is no existing obligation to the lender and one follows a specific process. The process for debtors to terminate UCC filings on themselves is provided for in the Uniform Commercial Code and can be found here in Section 9-513 of the Uniform Commercial Code. That process includes the below steps: the Debtor must send an authenticated demand to the secured party the demand must be sent to the name… >> READ MORE

This week we introduce guest blogger and attorney Shelley Gould from the Law Offices of David B. Bloom. She delves into what an interpleader action is and how escrow officers can utilize this tool and why. Today’s post is the first of two parts; part 2 will be posted in next week’s blog. Please share your thoughts below. Interpleader clauses can be found in the general provisions of standard escrow instructions for the sale of a… >> READ MORE