Law Firms
Paralegal | Attorney | General Counsel
Solutions for Legal Professionals
As a paralegal, you are tasked with a myriad of responsibilities including research assignments to prepare for trials, hearings and closings. Trust First Corporate Solutions’ staff of Account Managers to facilitate your business registrations, corporate document retrieval, due diligence searching and prompt delivery of service of process and other legal and tax documents. Work with one of our skilled corporate service professionals and enjoy the one-to-one attention of a dedicated Account Manager.
As an attorney, you are licensed to represent others in legal actions such as transactions, mergers and acquisitions, and law suits. Trust in the expertise and enjoy the one-to-one attention of a First Corporate Solutions dedicated Account manager to support documentation requirements for all your corporate transactions. From business registrations, corporate document retrieval, due diligence searching and prompt delivery of service of process and other legal and tax documents.
As a General Counsel, you are the chief lawyer of a legal department, typically in a company or government department. Trust First Corporate Solutions’ staff of Account Managers to facilitate your business registrations, corporate document retrieval, due diligence searching and prompt delivery of service of process and other legal and tax documents. Work with one of our skilled corporate service professionals and enjoy the personal attention of a dedicated Account Manager to help you stay on the leading edge of all your legal and tax documentation needs.
General Counsel Solutions
Case Study
Background
Bruce, a paralegal for one of the 50 largest law firms in Illinois, shops around for his firm’s corporate searching and filing needs. Bruce was unsatisfied with the length of turn-around time from many of the corporate service providers he used, which cost him more time and his clients more money, not to mention being riddled with hidden charges and fees that he was forced to pass along to his clients.
Challenge and Solutions
To solve this problem, Bruce needed to find a corporate vendor with a faster turn-around time, no hidden fees, and more competitive pricing than the others. “It came to the point where we thought getting an invoice with surprise hidden charges was normal and paying hundreds of dollars for a routine filing was unavoidable,” said Bruce. Saving the firm’s clients time and money was of the utmost importance to him.
In May of 2005 Bruce decided to start using First Corporate Solutions because of their competitive pricing and fee structure. “I wanted to find a provider that understood the importance of what we do and would be able to provide services to our clients for a reasonable fee,” recalled Bruce.
After using First Corporate Solutions for a couple of months, Bruce started noticing the full benefits of the switch. “Looking back after a couple of months, we realized we were spending less time waiting to receive important documents,” said Bruce. “Their customer service is fast and friendly. By switching to First Corporate Solutions, we received much more than we were initially searching for at a lot less cost.”
Results
- Bruce was able to increase his firm’s efficiency due to shorter turn-around times.
- Because of better pricing, he was also able to pass along thousands of dollars worth of savings to his clients, which resulted in increased client satisfaction.
Shannon started using First Corporate Solutions in November of 2003 because of their competitively priced fee structure and their comprehensive search/file/monitor services. “Before we started using First Corporate Solutions, we used different service companies to search or file, and another to monitor our debtors. Now we can utilize just one, First Corporate Solutions, to address all three. One-stop shopping is easier to manage for me.”
“Before, a couple of federal tax liens attached to our existing debtors at the county had gone unnoticed until it was almost too late,” Shannon recalled. “Now, with their Account Monitoring service program in place, we are informed of these liens in time for us to be more proactive. I don’t know of any monitoring service like it; they keep an eye on federal tax liens for us at both the state and county level.”
After using First Corporate Solutions’ national array of search and filing services for a year, Shannon knew she had found a solution she could rely upon; she knew she was receiving the accurate and timely information she needed to help establish and maintain her firm’s perfected security interest. “We have received alert notifications of federal tax liens and UCC filings, which you can imagine, have helped save our firm from heavy potential losses. Our switch to First Corporate Solutions equaled higher revenue, less time wasted, and a lot less headache.”
Results
- Shannon’s firm averted revenue losses by receiving alert notifications of federal tax liens levied against their debtors in time for them to respond proactively.
- Due to faster turn-around times on searches, Shannon’s firm was able to promptly decide whether to offer their clients the financial services they requested.
Resources
Identifying Synonymous Corporate Terms
Interact With Corporate Documents With Confidence When You Understand State Filing Office Terminology
An Overview of Good Standing Certificates
Use This Reference Guide to Familiarize Yourself with Good Standing Certificates
Plain v. Certified Copies of Corporate Documents
Do You Need Plain or Certified Copies of Corporate Documents? Use This Reference Guide to Help You Decide
Evolving Certification Techniques at State Filing Offices
Budget Cuts and Advancing Technology Have State Filing Offices Changing the Way They Certify Documents
Solutions for Slow Processing Times
Budget Cuts Lead to Slow Processing Times for Public Records - Try These Tricks to Secure Documents in Time for Closing
3 Tips for Choosing a Public Records Service Company
Choosing a Service Provider can be a Daunting Task - This Reference Guide Offers 3 Tips to Help You Evaluate Your Options
Basics of The Uniform Commercial Code and Article 9
The Uniform Commercial Code Guides Commercial Transactions in The United States - Read on to Learn More About The Code and Article 9, Secured Transactions
UCC Financing Statements in Three Easy Pieces
The UCC1 Financing Statement Form is Filed to Give Constructive Notice of a Secured Party's Interest - Read on to Learn About What Information is Required on The Form
Secured Party v. Filing Officer Responsibilities
The Secured Party, Not Filing Officer is Responsible for Accuracy and Completeness of a UCC Financing Statement
Top 5 Mistakes on UCC1 Financing Statements
UCC Filing Mistakes Can Jeopardize a Lender's Ability to Collect on a Bad Debt - Watch Out For These Common Mistakes on Financing Statements
Top 3 Mistakes on UCC3 Change Statements
UCC Filing Mistakes Can Jeopardize a Lender's Ability to Collect on a Bad Debt - Watch Out For These Common Mistakes on Change Statements
When to File UCC3 Continuation Statements
A Lapsed Filing Can Cost a Secured Party Their Priority Position to Collect - Follow These Steps to Guarantee Timely Filing of Continuations
Handling Accidentally Lapsed UCC Records
A Lapsed Filing Cannot be Revived, But You Do Have Options - Read on to Learn About What You Can do to Minimize Your Risk in the Event of an Accidentally Lapsed UCC
Tackling Fraudulently Filed Termination Statements
Don't Panic - You Have Options When Dealing With Fraudulently Filed Terminations
UCC Filings on Sole Proprietorships
Sole Proprietorships are Considered Individuals, Not Businesses in the Eyes of the Uniform Commercial Code
Rejected UCC Filings v. UCC's Accepted with Errors
Rejected UCC Filings are Costly and Inconvenient, but a Filing Accepted with Errors Can Be Even More Dangerous
Tips for Reducing UCC Filing Costs
Keep Your UCC Filing Costs Down by Adopting Some or All of The Best Practices Discussed in This Reference Guide
To Properly Identify Debtors, Omit dba Notation From UCC Filings
UCCs Filed with a Trade Name Attached to the Business Name May Fail to Properly Identify the Debtor under Revised Article 9
Tips for Avoiding UCC Rejections
Rejected Filings Cost Secured Parties Time and Money - Follow These Simple Steps to Avoid Rejection of Your UCC Filings
Refer to Organizing Paperwork for Legal Name of a Business Debtor
A UCC is Only Perfected if it Gets the Debtor Name Right - This Guide Provides Information on Determining the Correct Name for UCC Filings on Business Debtors
UCC Filings with Missing Attachment Pages Pose Risk for Secured Parties
Collateral Statements are Often Included as Attachment Pages for UCC Financing Statements - This Guide Discusses the Dangers of Missing Attachments
Minor Formatting Changes May Occur on E-Filed UCC Documents
E-Filed UCC Documents May Undergo Minor Formatting Changes - Read on to Learn What Kind of Changes You Can Expect
Purpose of Pre-Filing UCC Financing Statements
In the Race to be First to Collect, Some Lenders Pre-file UCC Financing Statements - This Reference Guide Provides Information
When is a Terminated UCC Record not Really Terminated?
There Are a Few Occasions Where a UCC Record with a Corresponding Termination Statement Can Still Be Effective - This Reference Guide Provides Information on this
What Party Names to Search
It is Important to Search All Names Under Which Liens Could be Filed - This Reference Guide Provides Information on Determining What Party Names to Search
What Liens to Search For
Manage and Mitigate Your Risk With a Comprehensive Due Diligence Search Package
3 Quick Tips for Effective Lien Searching
Follow These Simple Searching Tips to Improve the Quality of Your Lien Searching Efforts
3Tips for "Reading" Your UCC Search Report
UCC Search Reports Vary in Appearance and Contain Different Information Depending on the Data Source - This Reference Guide Provides Tips for Interpreting UCC Results
Why Name Variations Matter in UCC Searching
For the Greatest Peace of Mind, Look for UCC Search Solutions That Reveal Similar Names
Limitations of State Direct Online Searches
Before Using Any Online UCC and Lien Search System, be Sure to Evaluate it Carefully to Understand Its Limitations
Benefits of Searching for Tax Liens and Judgment Liens
Tax Lien and Judgment Lien Searches are a Critical Part of a Thorough Due Diligence Investigation
Alert Searcher to Expected Hits
Save Time by Letting Your Searcher Know up Front if You Expect Hits on a Lien Search
Lien Monitoring Programs: What Liens to Search For
The Sooner a Creditor Knows About a Lien, the Sooner They Can Act to Protect Their Interests - Lien Monitoring Programs Provide Early Notification of Potential Credit Risks
Benefits of a Search to Reflect
A Search to Reflect Confirms Proper Indexing of a UCC Filing and Verifies its Position Relative to Other Creditors
How Long to Wait to Order a Search to Reflect
A Search to Reflect is a Critical Final Step in Your UCC Filing Process. This Reference Guide Provides Information on How Long to Wait After Filing to Order a Reflective Search
Tips for Reducing Search Costs
Don't Cut Corners in Your Lien Searches, Incorporate These Cost Saving Strategies to Keep Due Diligence Costs Down
Search to Include Similar Names to Locate Tax Liens and Mis-Indexed Filings
Watch Out for Exact Name Lien Searches - This Guide Discusses Why it is a Good Idea to Include Name Variations in Your Lien Searches
No Need to Order a Nationwide UCC Search
The Uniform Commercial Code Establishes Guidelines for Where UCCs are to be Filed - Save Time and Money by Performing Focused UCC Searches
Broad Based Name Searching: What is it? Why is it Important?
Broad Based Name Searching Features are Powerful Tools That Help Searchers Uncover Name Variations and Locate Mis-Indexed Filings
Keeping Copy Costs Down for Your UCC and Lien Searches
High Copy Costs Can Inflate Diligence Invoices - This Guide Discusses Strategies for Keeping Copy Costs Down
Costs for Performing a UCC, Lien, Litigation or Bankruptcy Search
The Fees Associated with Due Diligence Searches Can be Confusing - This Guide Offers Information on What Fees You Can Typically Expect
Importance of County-Level Lien Monitoring
State-Level Only Monitoring Programs Only Tell Part of the Story - This Guide Discusses the Importance of Monitoring for Liens at the County-Level
UCC Searches Might Reflect Filings More Current Than the Through Date
A UCC Search Might Show UCCs Filed Beyond the Search's Through Date - This Guide Discusses Why
Maximize UCC and Lien Search Results to Minimize Risk
This Guide Discusses Maximizing Lien Search Results as a Strategy for Uncovering Hidden Lien and Locating Critical Filings Under Name Variations
Why Many Businesses Organize in Delaware
Simple Set up and Business Friendly Laws Draw Many Businesses to Delaware
Preclearance Filing Service in Delaware
State of Delaware Offers Preclearance Review of Corporate Documents to Help Guard Against Rejections
Delaware UCC Searching
With So Many Businesses Organizing in Delaware, it Has Become a High Volume UCC Search State - Read On to Learn About UCC Searching in Delaware
Delaware State Noise Words
Delaware State UCC Search Logic Drops Certain Noise Words from Search Strings
Ordering a Civil Litigation Search
Order a Civil Litigation Search to Achieve the Best Results - This Reference Guide Walks You Through the Five Pieces of Information You Will Need to Give Your Searcher
Civil Litgation Search - What Court to Search
Most Customers Search the State Court of General Jurisdiction and U.S. District Court as Part of Their Pre Funding Due Diligence
Civil Judgments v. Judgment Liens
A Civil Judgment is a Good Indicator of a Prospect's Character, but a Judgment Lien is the Piece That Can Jeopardize a Lender's Ability to Collect
- November 2nd, 2023
Delaware State Holiday Schedule 2023 - July 25th, 2023
UCC-3 for Factors: Understanding and Navigating Changes to UCC Filings - July 12th, 2023
Navigating Risk in an Economic Downturn: A Guide to UCC Due Diligence