Risk Management Blog

This is a question that comes up in the due diligence process and is an important one to consider as you fulfill your lien and corporate search requirements when qualifying new candidates for loans and also as you monitor your perfected security interests going forward. When conducting a search on a legal entity, such as a Corporation, LLC or Trust, should a search be conducted on the officers, members and/or trustees? The answer depends… >> READ MORE

When ordering copies of corporate documents, the state filing office or your private service company will ask, “Do you need plain or certified copies of those documents?” This blog post will give a brief explanation of the difference and offer some examples of their uses. If you order a plain copy of business entity documents, e.g., articles, amendment/merger documents, annual filing etc. what you will receive is basically a photocopy… >> READ MORE

Just a reminder to our readers that the Delaware annual fee for Limited Liability Companies, Limited Partnerships and General Partnerships formed or registered in Delaware is due Monday, June 1 by 11:45 pm. You can pay the fee here at the Delaware SOS website. If you need assistance or more information, please contact First Corporate Solutions team for assistance. >> READ MORE

Rejected documents cost filers valuable time and money. I hope that you’ve had the opportunity to review our previous blog posts addressing common mistakes on UCC1 Financing Statements and UCC3 Change Statements. In this post, we will discuss common reasons for the rejection of Corporate Documents. A Corporate Document can be rejected for a variety of reasons. Here is a list of some common reasons a state might reject a Corporate Document: Name… >> READ MORE

So far, our blog series on Apostilles has addressed four common questions regarding Apostille certification: What is an Apostille? What documents can receive Apostille certification? When does a document need an Apostille? And where is the Apostille Convention in effect? Herein we will answer one final question: Where can I obtain an Apostille certification for my document? Every nation that is a party to the Apostille Convention has… >> READ MORE

Earlier this week on the blog, we provided some background information on the Hague Convention Abolishing the Requirement of Legalization for Foreign Public Documents and answered the question, “What is an Apostille?” In this blog post, we look more closely at the Apostille process and address the what, when and where of Apostille certification. What Documents Can Receive Apostille Certification? The Apostille process, devised by… >> READ MORE

In most states, filing articles of incorporation (or organization) is a pretty straightforward process; document filers simply fill out a form, collect a signature using Docusign integration software and send the document off to be filed. Nevertheless, corporate filings often get rejected and it is usually for simple errors. What follows is a brief overview of three easy tips to help guard against rejection of your business formation filings. 1.… >> READ MORE

We are building resources for you!  This week we have added web-links to all the Secretary of State offices under our Resources page.  Much like our Business Entity Search webpage from last week, you do not have to conduct multiple searches, or websites to find what you need.  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 may also contact our Legal… >> 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 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

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