CLASNotes Blog

Delaware and four other states (Arizona, Colorado, Louisiana, and New Hampshire) have new laws taking effect during the month of August. Please see below for summaries of the laws that will go into effect this month.

There is a new business tax in the state of Nevada, the Commerce Tax, and every business must file an initial tax return by August 15, 2016. Although the tax is imposed on businesses with a Nevada gross revenue exceeding $4 million in the

The summer months traditionally see many new business compliance laws taking effect - and July, 2016 is no exception. Below are summaries of the laws that will go into effect this month: 

When a formation or foreign qualification document is submitted for filing, the filing office will perform a thorough review of the document before accepting it into the state’s records. One of the first things the state looks at is the business name

When requesting a UCC search as part of a pre-funding due diligence investigation, do you ask your service provider to report filings found under similar names? What if you are self-searching using an online system, do you employ flexible

The June 1, 2016 deadline for Delaware Alternative Entities (i.e. LLC, LP and GP) to pay their annual tax for 2015 has come and gone. This year, like every year, countless entities have missed the deadline and are now delinquent

When reviewing UCC search results as part of a pre-funding due diligence investigation, it may be your first inclination to ignore a UCC that has a termination listed, assuming that the UCC record is no longer a factor in determining priority.

Coordinating a foreign qualification project requires careful planning and a keen attention to detail. Here is a brief overview of the top 5 pitfalls of foreign qualification projects and some tips for how to avoid them. 

Effective May 3, 2016, the California Secretary of State has released updated Limited Liability Company Statement of Information (LLC-12) Forms.

These days, nearly every state filing office accepts some form of electronic filing (E-filing) for UCC documents, often either through xml transmission or a fillable web form. Some states are even beginning to mandate E-filing for UCCs.