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Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

Interpleader:  What Is It And Why Is It An Effective Remedy In An Escrow Holder’s Arsenal? – Part I

UCC, Corporate Something

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


Registered Agent, Process Agent, and Special Agency Explained

Corporate, Registered Agent Something

Having an agent to receive service of process (SOP) is not limited just to the formation or qualification of a business. Agents for SOP may be required in cross-border loan transactions or when registering with government agencies other than a Secretary of State or an equivalent special agency. Below we break down the different agent representation and their purposes. Companies forming or qualifying to do business are required to appoint… >> READ MORE


Free eBook on Purchase Money Security Interest (PMSI)

UCC, Corporate, Tips Something

First Corporate Solutions is pleased to present our eBook entitled Purchase Money Security Interests: Purchase Money Rules in Equipment and Inventory. Authored by Attorney Bennett L. Cohen of Cohen, Salk & Huvard, P.C., this eBook provides 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 previosuly perfected interest in accounts? How… >> READ MORE


Purchase Money Security Rules in Equipment and Inventory – Part Seven

Corporate, Due Diligence Something

We are pleased to welcome attorney, Bennett L. Cohen of Cohen, Salk and Huvard, P.C., as a special guest blogger. Please read on for the seventh and final installment of Bennett’s seven-part blog series on Purchase Money Security Interest in Equipment and Inventory. Frequently Asked Question #8: Does a Borrower Obtaining Purchase Money Financing Create a Default Under the Security Agreement Between the Borrower and its Blanket Lien… >> READ MORE


Delaware Offers Preclearance Review of Corporate Documents to Reduce Rejections

Corporate, Due Diligence, Tips Something

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


Florida Corporations Beware: Here’s what you need to know in 2020

Corporate Something

If you run a Florida corporation, your year has started off with a series of legislative updates that could potentially impact your business. On January 1, 2020, Florida House Bill 1009 took effect, revising the Florida Business Corporation Act and affecting almost every section of the law, in many cases, substantially. Below are just a few of the revisions which took effect cited from Florida Statutes Chapter 607. DOCUMENT CORRECTIONS Corrections… >> READ MORE


Let’s Revisit Interpleader: What Is It And Why Is It An Effective Remedy In An Escrow Holder’s Arsenal?

UCC, Corporate, Legislation Something

For our Escrow Officer readers out there, we revisit a post by guest blogger Shelley Gould from the Law Offices of David B. Bloom titled Interpleader: What Is It And Why Is It An Effective Remedy In An Escrow Holder’s Arsenal? In her article, 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 II will be posted in next week’s blog. Please… >> READ MORE


Let’s Revisit Interpleader Part II: What Is It And Why Is It An Effective Remedy In An Escrow Holder’s Arsenal?

UCC, Corporate, Legislation Something

Again for our Escrow Officer readers out there, we revisit a post by guest blogger Shelley Gould from the Law Offices of David B. Bloom titled  Interpleader:  What Is It And Why Is It An Effective Remedy In An Escrow Holder’s Arsenal? In her article, she delves into what an interpleader action is and how escrow officers can utilize this tool and why. Today’s post is the second of two parts; Part I was posted last week and you can read… >> READ MORE


Post-Filing Due Diligence As Important As Pre-Filing When It Comes To UCCs

UCC, Corporate Something

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


Simplify Online Business Entity Status Searching

Corporate Something

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