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MYTHBUSTERS: Don't Get Fooled by These Common Entity Management System Myths!

Managing multiple business entities across a variety of jurisdictions can be a challenge. An Entity Management System can help make the job a little easier by bringing all of a business's compliance and recordkeeping activities into a single, online[..]

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Understanding the Role of Independent Directors in Corporate Governance

What is an Independent Director?

Independent Directors serve on boards of special purpose entities (SPEs) or other business entities to safeguard assets. The primary responsibility of an Independent Director is to prevent otherwise solvent SPEs from[..]

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Your Guide to Year-End Corporate Compliance

At the end of each year, it's important to take a look at the portfolio of business entities you manage and make sure that you've satisfied all of your corporate filing and reporting obligations and resolved any outstanding compliance issues. CLAS has[..]

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Follow These Simple Dos and Don’ts for Pain Free Foreign Qualifications

Coordinating a foreign qualification for your client requires careful planning and a keen attention to detail as mistakes in the process can delay document filing and cost the business valuable time and money. In this article, we provide a few simple Dos[..]

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MYTHBUSTERS: Don’t Get Fooled by These Common Registered Agent Myths!

Every registered business (Corporation, Limited Liability Company, etc.) is required to designate a Registered Agent. A Registered Agent is the person or organization who is responsible for accepting legal documents (aka Service of Process/SOP), tax[..]

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Are Subtle Business Name Errors Leaving Your UCC's Unperfected?

According to the Uniform Commercial Code, a UCC Financing Statement is only effective if it properly identifies the debtor. A UCC filings that fails get the debtor name right will not perfect the underlying security interest and will not provide the[..]

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MYTHBUSTERS: Don't Get Fooled by These Common Business License Myths!

Whether setting up a brand new business or expanding an existing one, it is critical to manage business license requirements carefully. Failing to obtain or renew a business license or permit can lead to costly penalties and other negative consequences[..]

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MYTHBUSTERS: Don't Get Fooled by These Common UCC Filing Myths!

Secured parties must file their UCC Financing Statements quickly and correctly in order to perfect their security interest and gain a priority position to collect. Even small mistakes in the UCC filing process can prove costly since they open the door[..]

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Can I Be My Own Registered Agent?

If you own or operate a corporation, limited liability company (LLC), or limited partnership (LP), one of the main legal compliance steps you'll need to address is the appointment of a Registered Agent, also known as an agent for service of process (SOP).

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Liens: The Sleeping Giant Jeopardizing Turnaround Financing

By Jim Newman, Loeb Term Solutions

Liens, in and of themselves, are neither bad nor good; they just are. When a company needs financing or refinancing, the new lender will always run a lien search and find exactly what liens are currently encumbering the[..]

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