The Series LLC: An organizational structure that can help mitigate risk
While most people are familiar with the limited liability company (LLC), few are familiar with a variation of the traditional LLC called a Series LLC. The Series LLC can help organizations protect their assets from liability, and in many cases can do...
What You Need to Know About Common Uniform Commercial Code (UCC) Forms
The Uniform Commercial Code (UCC) is a set of regulations adopted to make commerce from state to state easier. While the code is the same among all states, filing requirements differ. It covers consensual agreements between parties and does...
Best practices for UCC filings and searches
Due diligence is significant when performing Uniform Commercial Code (UCC) searches. Originally designed to streamline commerce across all 50 states and territories, the process became more complex after the 2013 adjustments to UCC Revised Article Ni...
Delaware amends its Series LLC law
On August 1, 2019, significant amendments to the Delaware Series LLC law will go into effect. These amendments were enacted by Senate Bill 183, which was signed by Delaware’s governor last year.BackgroundIn 1996 Delaware became the first st...
Foreign corporations
hen a corporation conducts business in a state other than its state of incorporation, the corporation is considered a foreign corporation in that state.All states prescribe terms and conditions that a foreign corporation must adhere to before being a...
Expanding Your Business? Foreign Qualification Protects Your Rights in a New State
If you’re expanding your business into other states, you may need to register to do business in those states. This is done through a procedure usually called “foreign qualification”, or just “qualification”.In everyday conversation, “foreign” usually...
Five steps when doing business in a new state (foreign qualification)
Every corporation, limited liability company or limited partnership that wants to do business in a state other than where it was formed will have to first qualify to do business in that so-called “foreign” state. If it does b...
Registered agents and annual reports: Essential elements of good standing
When you formed your company with the state—whether you opted for a corporation or an LLC—you filed initial formation documents that provided the state with basic information about your company and appointed a registered agent. Those two steps c...
The Rising Risk of Business Identity Theft: Why Formal Entity Dissolution and Withdrawal is a Critically Important Safeguard
Thanks in part to the massive migration of data online, identity theft has become more prevalent in recent years. The 2017 Identity Fraud Study, conducted by Javelin Strategy & Research, illustrates the scope of the problem. According to the...
What Are My Annual Report Filing Requirements?
All states impose a reporting obligation on their domestic and foreign business entities. They also penalize companies that don’t comply, which is why it is so important to be familiar with this compliance requirement.What is an annual reportStatutor...
