Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

The Ohana of Escrow

July 11, 2019 Events & Tradeshows

Aloha, Bulk Escrow Officers! The California Escrow Association NorCal Conference is taking place this Friday and Saturday. Escrow officers from across the state will come together and First Corporate Solutions is proud to attend! The Friday and Saturday schedules have planned sessions for many of the expected topics and culminates with the always anticipated Legislative Update. If you’re headed to the conference this week, stop…READ MORE

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Legislative Update

June 20, 2019 Corporate, Legislation

Alabama House Bill 251 | Effective: 01/01/19 The bill makes technical corrections regarding the name of the Alabama Limited Liability Company Law, the ability of a partnership to continue as an entity for a brief period of time under the law with one partner or no partners and the duty of a partner in a general partnership to not compete with the partnership before the partnership is dissolved. The bill is retroactively effective as…READ MORE

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First Corporate Solutions Names Samuel Hon Chief Executive Officer

June 06, 2019 Events & Tradeshows

SACRAMENTO, CA - June 6th 2019 - David Silverburg, the Founder of First Corporate Solutions, Inc. (FCS), recently announced the appointment of Samuel Hon as Chief Executive Officer. With this transition, David will become the FCS Board Chairman, which entails providing the company with fiduciary guidance and consultation. In his announcement, David said, “Samuel has exemplified excellent leadership, and has illustrated a thoughtful…READ MORE

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Delaware LP, LLC, & General Partnerships – Annual Tax Due June 1st, 2019

May 22, 2019 Corporate, Uncategorized

Limited Partnerships, Limited Liability Companies, and General Partnerships formed in Delaware are required to pay an annual tax on or before June 1st of each year. Not receiving notice does not exempt you from filing and paying by the due date. What’s Due & WhenAnnual tax of $300.00 on or before June 1st of each year Missed Deadline Penalty for non or late payment is $200.00Interest accrues on the tax and penalty at the rate of…READ MORE

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CA Secretary of State Announces New Trademark Search

May 02, 2019 Corporate, Tips

Keeping true to their dedication to California Entrepreneurs, the California Secretary of State’s office has launched its new California Trademark Search. This search tool provides customers with the ability to search active trademarks on file with their office. Customers are now able to search by: - registration ID - description of mark - registration date - classification code - name of owner - US Patent & Trademark Office…READ MORE

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PMSI for Lenders and Legal Professionals

April 19, 2019 UCC

Attorney Bennett L. Cohen of Cohen, Salk & Huvard, P.C., authored our free eBook Purchase Money Security Interests:  Purchase Money Rules in Equipment and Inventory. In it you will find answers to all of your PMSI related questions including: How is a PMSI created? What obligations qualify as a PMSI? Does a PMSI in inventory prime a previously perfected interest in accounts? How do I obtain a PMSI in equipment or inventory? …READ MORE

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Free eBook: Lien-Related Post Filing Due Diligence

April 05, 2019 UCC, Due Diligence, Lien Monitoring

As a secured party, you need to know immediately if your debtor is experiencing financial distress that could result in bankruptcy or debtor default. In this FREE eBook, we focus on lien-related post filing due diligence and what you can do as a secured party to maintain your perfected security interest. In it, you will find post filing due diligence insights regarding the below topics. Top 5 mistakes to avoid on UCC Financing Statements …READ MORE

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We’re Exhibiting At The 2019 Factoring Conference In San Diego!

March 28, 2019 Events & Tradeshows

First Corporate Solutions is exhibiting our UCC searching, filing, monitoring and API solutions at the International Factoring Association Conference April 3-6 in San Diego, CA! Why Factors Choose FCS Lien Monitoring & UCC Solutions IFA Preferred Vendor - 10% Off State & County Lien Monitoring for Members Search methodology that uncovers & reports name variations Direct Data Results from State…READ MORE

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Equipment Finance & Purchase Money Security Interest (PMSI)

March 14, 2019 UCC, Online UCC System, Due Diligence

Equipment finance or leasing is a lending type that specializes in lending on specific collateral.  Equipment finance companies can vary greatly and tend to specialize on specific industries and often tend to be manufacturers (farm equipment, medical and dental equipment, freight, industrial equipment, etc.). One product that is unique to this industry is purchase money security interest packages, or PMSI.  A PMSI filing will allow…READ MORE

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Delaware Division of Corporations – Limited Staffing Event on March 29th

March 08, 2019 Uncategorized

On Friday, March 29 an Employee Recognition Event is planned for employees of the Delaware Division of Corporations.  The 4-12 shift will be working 12 Noon to 8 P.M. and the following changes will be in effect: All 30 Minute and Priority 1 (one-hour service) must be received by 6 P.M.; Priority 2 (two-hour service) must be received by 5 P.M. All other cut-off times will remain unchanged.READ MORE

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