Risk Management Blog

Until the last couple of years, the annual report was not required to be filed in order for a corporation to remain in good standing with the Delaware Secretary of State. Now is a different story, however, and it’s changed the renewal-for-void process a bit. If your corporation went void on 3/1/09 or later, you’ll be required to pay all tax, penalties, and interest PLUS file ALL annual reports which were due at the time your corporation… >> READ MORE

Most of us know that tons of businesses choose to file in Delaware, but what’s so great about the First State? More than half of the corporations that make up the Fortune 500 are incorporated in Delaware, and for good reason. The easy answer to this question is that it doesn’t cost much to incorporate in Delaware compared to most other states; plus, if you don’t actually conduct business in Delaware you don’t have to pay corporate… >> READ MORE

In these tough economic times, many people are asking, “Why would I incur the cost to name a service provider as registered agent for my business? Why not just name one of my employees?” In practice, there are some significant advantages to enlisting an outside party to accept service of process and other legal and tax documents on behalf of your business. Consider the following: If your trusted employee is out of the office… >> READ MORE

Last week’s blog post discussed why you need to file an annual report for your entity. This week we’re providing you a chart detailing when Annual Reports are expected to be filed in all 50 States. Check it out below. Part I State Foreign Corp Domestic Corp. Foreign NP Corp Domestic NP Corp Alabama 2.5 Months 2.5 Months Not required Not required Alaska Jan. 2nd Jan. 2nd July 2nd July 2nd. Arizona Anniversary… >> READ MORE

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 second and final part of the article. BENEFITS OF FILING AN INTERPLEADER ACTION There are multiple benefits to instituting an interpleader action. Many times escrow hasn’t closed and the Escrow holder is faced… >> READ MORE

Do You File FBN Statements In California? California Senate Bill 1467 amended Business and Professions Code sections 17901, 17913, 17914 and 17916 and went into effect January 1, 2015. With the implementation of this bill most counties in California revised their Fictitious Business Name Statement forms and also added some supplemental forms to meet the Senate Bill’s requirements. An issue has arisen with the implementation of the… >> READ MORE

First Corporate Solutions recently asked a panel of experts to review a selection of our past blog posts. The panel was comprised of some of our most trusted and tenured clients from the lending and legal fields as well as expert members of our staff. We asked the panel to read the posts and share any insider tips or additional information they could think of that may be helpful to regular readers of the blog. Over the next few weeks,… >> READ MORE

The Sacramento Bee ran an interesting piece last week which discusses California Governor Jerry Brown’s proposal to double the per page copy cost for court documents from $0.50 to $1.00. If approved, the same proposal would authorize California courts to charge a $10.00 fee for the clerk to retrieve a case file. The article raises some good questions about the availability and affordability of public records to the media and to the disadvantaged. Read… >> READ MORE

In most states, filing articles of incorporation (or organization) is a pretty straightforward process - fill out a form, collect a signature, and send the document off to be filed. Nevertheless, corporate filings often get rejected and it is usually for simple errors. Download this free guide from First Corporate Solutions to learn three easy tips to help guard against rejection of your business formation filings. Click Here to Download… >> READ MORE

It is crucial to have a good working knowledge of a state’s search logic prior to ordering or performing UCC searches in that jurisdiction With so many businesses organizing in Delaware, it has become one of the highest volume UCC search states. Download this free reference guide from First Corporate Solutions to learn more about UCC searching in Delaware. Click Here to Download Now! How Can First Corporate Solutions Help? First… >> READ MORE