Risk Management Blog

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

Along with the rest of the world, First Corporate Solutions continues to adjust and adapt to COVID-19. We continue to listen and learn as the evolving situation develops, and continue to follow information and guidance from experts to lead our actions as we look to protect our employees from harm’s way while also fulfilling our responsibilities to our clients and partners in risk management and compliance. What has FCS done? One… >> READ MORE

So you’ve done your lien searching and entity verification, you’ve searched the courts for pending litigation and bankruptcies, and you’ve perfected your security interest by filing your Financing Statement…now what? Post-filing due diligence is just as important as all the searching you do pre-filing to qualify a new debtor. In fact, why go to all the trouble to investigate a potential new debtor’s credit worthiness, and decide… >> READ MORE

We’re all only human. Try and try as we may to eliminate missteps and foul ups, they still occur. We do our best to mitigate the damages and to learn from our mistakes, maybe make changes to procedures and equipment and look to further educate ourselves on whatever we’re doing, but even then, as the saying goes, things happen. Same is true in the world of secured transactions when perfecting a security interest with a UCC filing.… >> READ MORE

Does your law firm or corporation spend precious time searching for Secretary of State online business entity search pages? Trying to locate the appropriate webpage to execute this simple action can lead you through various departments, advertisements, and state pages not related to satisfying your Business Entity Status search need. First Corporate Solutions, Inc. (FCS) has simplified this process by creating our Business Entity Research… >> READ MORE

We are building resources for you!  This week we have added web-links to all the Attorney General offices under our Resources page.  Much like our Secretary of State links webpage from last week, you do not have to conduct multiple searches for Attorney General websites to find what you need anymore.  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… >> READ MORE

Banking and Financial Institution Government web pages are now in one place for all 50 states and Washington, DC. The world of financial licensing, laws, and regulations continues to increase. And though we do not directly work with these specific license types, we know the majority of our clients do. For this reason, this week we have added weblinks to all the State Banking and Finance Divisions across the country. Much like other… >> READ MORE

The demand for Secured Party Representative Services continues to grow, and the changing face of the asset based lending/factoring world is at the center of its growth. With new lenders bringing new methods with new ideas on how to utilize technology to infuse cash into various business types, the competition for customers is as fierce as ever with lenders reacting and adapting to the evolving landscape. One of the tools relied upon by… >> READ MORE

You’ve performed your pre funding due diligence. You’ve qualified your prospect and determined to move forward and fund. You’ve filed your UCC and perfected your security interest.   Now what?   After all the time and effort invested to best investigate the credit worthiness of your new customers and establish your priority position to collect in case of default, don’t stop there! Your job is just beginning. From Federal… >> READ MORE

The International Factoring Association’s annual conference was held last week, this year hosted in Scottsdale, AZ. Again First Corporate Solutions was there to mingle and partner with the familiar faces we’ve come to know and enjoy over the many years of our participation. But more than ever before we were struck by the vast number of new people and companies in attendance, a reflection of the changing landscape of the factoring world… >> READ MORE