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 by…READ MORE
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
June 20, 2019
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 of…READ MORE
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
Delaware LP, LLC, & General Partnerships – Annual Tax Due June 1st, 2019
May 22, 2019
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 & When
Annual tax of $300.00 on or before June 1st of each year
Penalty for non or late payment is $200.00
Interest accrues on the tax and penalty at the…READ MORE
CA Secretary of State Announces New Trademark Search
May 02, 2019
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
PMSI for Lenders and Legal Professionals
April 19, 2019
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?
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
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 & County…READ MORE
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