We will be performing system maintenance and updates from 5 PM on Friday, July 31st through Sunday, August 2nd. During that time, the system will be unavailable.
First Corporate Solutions is operating at full capacity, please contact us for any service updates.

Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

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]


Secured Party Liability for Failure to File Timely Terminations

UCC, Online UCC System, Due Diligence Something

Can a secured party be liable for failure to file timely finance statement terminations? According to Section 9-625 of the Uniform Commercial Code, yes. There can be secured party liability for failure to file timely terminations. But first, let’s take a step back. In Article 9-513, the section of the Uniform Commercial Code that regards Termination Statements, the below is found under subsection 9-513(b) to address how long a… [READ MORE]


True Value of Customer Service

UCC, Corporate, Registered Agent, Online UCC System, Due Diligence Something

Want to talk to a live person…need to talk to a live person? How many are you required to speak with, and repeat your story, before you finally get want you want and need (hopefully)? Perhaps you can login to a website and hunt answers to your questions, utilizing help desks and live chats, very useful depending on the issues’ complexities, or lack thereof. But even for login credential relationships, the true value of Customer… [READ MORE]


Free eBook: Lien-Related Post Filing Due Diligence

UCC, Due Diligence, Lien Monitoring Something

As a secured party, you need to know immediately if your debtor is experiencing financial distress that could result in bankruptcy or debtor default. In this FREE eBook, we focus on lien-related post filing due diligence and what you can do as a secured party to maintain your perfected security interest. In it, you will find post filing due diligence insights regarding the below topics. Top 5 mistakes to avoid on UCC Financing Statements … [READ MORE]


Equipment Finance & Purchase Money Security Interest (PMSI)

UCC, Online UCC System, Due Diligence Something

Equipment finance or leasing is a lending type that specializes in lending on specific collateral.  Equipment finance companies can vary greatly and tend to specialize on specific industries and often tend to be manufacturers (farm equipment, medical and dental equipment, freight, industrial equipment, etc.). One product that is unique to this industry is purchase money security interest packages, or PMSI.  A PMSI filing will allow… [READ MORE]


Equipment Finance and PMSI

UCC, Online UCC System, Due Diligence Something

Equipment finance or leasing is a lending type that specializes in lending on specific collateral.  These companies tend to specialize in financing industries like farm equipment, medical and dental equipment, freight, and other industrial equipment. One product that is unique to this industry is purchase money security interest packages, or PMSI.  A PMSI filing will allow a lender to take a priority position on a specific piece of… [READ MORE]


New Years Resolutions? Improve UCC Due Diligence

UCC, Due Diligence, Tips Something

2019 is approaching and New Years resolutions are on everyone's mind.  Streamlining and improving your UCC due diligence strategies should be on your list!  Have you considered adapting new strategies to improve your UCC Due Diligence? Evaluating your UCC management can be a complicated process; as a UCC service partner we support our clients responsibility to reduce risks, improve workflow efficiency and cut costs while maintaining… [READ MORE]


Secured Creditors and Unsecured Creditors: What’s the Difference?

UCC, Online UCC System, Due Diligence, Reduce Financial Risk Something

There are secured creditors and unsecured creditors. But what is the difference between secured creditors and unsecured creditors? Secured Creditors are creditors that hold a lien on its debtor’s property, whether that property is real property or personal property. The lien gives the secured creditor an interest in its debtor’s property that provides for the property to be sold to satisfy the debt in cases of default. The secured… [READ MORE]


Lien Monitoring Only at the State? It’s Risky

UCC, Due Diligence, Reduce Financial Risk, Lien Monitoring Something

When evaluating lien monitoring programs, programs that are designed to monitor your Financing Statements for lien filings that can prime your perfected security interest, it is important to recognize that many states do not maintain records of Federal Tax Liens or Judgment Liens Attached to Real Property at the state-level filing office. Nevertheless, these liens have the potential to prime a perfected security interest. That’s why,… [READ MORE]


Equipment Finance and PMSI: A Unique Relationship

UCC, Online UCC System, Due Diligence Something

Equipment finance or leasing is a lending type that specializes in lending on specific collateral. Equipment finance companies can vary greatly and tend to specialize in specific industries and often tend to be manufacturers (farm equipment, medical and dental equipment, freight, industrial equipment, etc.). With this being said, there are options such as buying used equipment instead of having to take them out on finance. Especially if… [READ MORE]