CLASNotes Blog

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[..]

During 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[..]

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.

When performing a UCC search as part of a due diligence investigation, it is imperative to search for liens under the right party names. Conducting searches under the incorrect names, excluding important parties from the search effort or failing to[..]

When a Limited Liability Company (LLC) is growing and expanding into a new geographic region, it can be difficult to determine if it is necessary to formally register as a foreign LLC in the new state - and figuring out how to facilitate

There are many options available for those who need a UCC search. It is important to have a good understanding of the various types of UCC searches you can choose from so you can make an informed decision about which option best meets the needs of your[..]

The nation’s three largest credit-reporting agencies: Equifax, Experian and TransUnion, have implemented new stricter standards for the reporting of tax liens and civil judgments.

Every registered business (Corporation, Limited Liability Company, Limited Partnership, etc.) is required to appoint and maintain a Registered Agent in every state where it is registered to do business. A Registered Agent is the person or

After filing a UCC Financing Statement, it is important to monitor the public record for changes. Changes in the public record reflect activity that may affect the status of your UCC filing and jeopardize your priority position to collect.

When vetting a potential borrower, it’s important that you learn everything you can about their financial history. Public record searches provide critical information about an applicant’s existing liens and other financial obligations that could