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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Follow These Simple Dos and Don’ts for Pain Free Foreign Qualifications
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[..]
Read MoreAre 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[..]
Read MoreWhether 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[..]
Read MoreSecured 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[..]
Read MoreCan 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).
Read MoreLiens: 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[..]
Read MoreEverything You Need to Know to Qualify a Foreign Corporation
When a corporation is growing and expanding into a new geographic region, it can be difficult to determine if it is necessary to formally qualify in the new state - and figuring out how to facilitate the qualification can be daunting. In this article, we[..]
Read MoreDuring the question and answer period following a recent CLAS webinar, Common UCC Filing Mistakes and How to Avoid Them, an attendee asked a great question. She asked, “When a UCC is terminated, what happens when the UCC is then continued before its[..]
Read MoreA Simple 4-Part Plan for Maintaining Corporate Compliance
It’s important for a business to maintain corporate good standing. Being in good standing means that the business has satisfied all of the statutory requirements that have been imposed on it by the state.
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