Risk Management Blog

photo © 2010 Coletivo Mambembe | more info (via: Wylio) This week, we take a short break from our blog series on evaluating state UCC search options to invite our readers to join the First Corporate Solutions User Group on LinkedIn! This group is designed to be an online meeting place for First Corporate Solutions (FCS) customers, prospects, current and former employees as well as peer organizations offering due diligence and risk… >> READ MORE

We are proud to have exhibited once again at the 63rd annual California Escrow Association Conference, United We Stand, hosted at the Anaheim Marriott October 11-13. The conference featured outgoing President Debi Faber installing incoming President Juliana Tu and the new 2019 officers. It also marked the final Legislative Update from California Advocates’ Lexi Howard, who is moving on to new challenges, but will always be remembered… >> READ MORE

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

The International Factoring Association held its annual conference last week at The Fontainebleau Hotel in Miami, and First Corporate Solutions was proud to attend once again with friends, partners, familiar faces and new acquaintances. The International Factoring Association conference continues to be the leader in providing educational and networking opportunities to the factoring community and this year’s event delivered again. Factors… >> READ MORE

Year end is here.  Lightning speed transactions require entity Formations and Registrations in several states.  Below, we have listed some reminders to help you through the year-end rush. Delaware Direct Access. Delaware by far is the state where the majority of year-end transactions occur.  Working with a service company (Online Agent) that has direct Delaware Corporate Database access will provide you speed and answers when needed.… >> READ MORE

The recession’s impact on the lending community has prompted many UCC filers to take a good hard look at their budgets in search of meaningful ways to reduce spending and increase profitability. As a result, First Corporate Solutions has seen a rise in the question, “How can I reduce my UCC filing costs?” When you think about it, this is not an easy question to answer. UCC filers face the tough task of finding ways to cut costs… >> READ MORE

Today we dip into our past to revisit a key and popular topic here at the ficoso blog:  the importance of broad based UCC and lien searching. Give it a read and share your thoughts and experiences below. Broad Based UCC and Lien Name Searching: What is it? Why is it Important? Various options exist to fulfill UCC and lien search requirements. Certified searches come directly from the filing office, state direct database searches are… >> READ MORE

Do risks to your perfected security interest end with Federal tax liens and pre-lien IRS related threats? The simple answer is No. Some would seem to have you believe the opposite is true, but it’s not. For example, last week we discussed how judgment liens can prime a previously perfected security interest. If you missed that post you can check it out here. But that’s not all. In some states, State tax liens can also potentially… >> READ MORE

When transferring a business with a liquor license there are a few considerations you need to be aware of in regards to lien searching. The California Alcoholic Beverage Control (ABC) can deny a liquor license transfer to a new applicant if all conditions are not met. This reality is why due diligence for liquor license transfers is so important when searching for liens against debtors, especially Mechanics Liens, even though Mechanics Liens… >> READ MORE

This week on the blog we share some important news from state filing offices. Please note the following issues may impact your ability to file and retrieve UCC and Corporate documents. Kentucky Kentucky state offices will take the final mandatory furlough day for this fiscal year on Friday, May 27. All Kentucky state offices will be closed for business on this date. Online services will remain available during the office closures. South… >> READ MORE