Sep 21

September 21, 2017

Virginia – Tax Amnesty Program Now if Effect Until November 14

Virginia – Tax Amnesty Program Now if Effect Until November 14

The Department of Taxation has mailed to taxpayers information regarding the 2017 Virginia tax amnesty program from September 13 to November 14 to pay half the normal interest charges and no penalties.
Sep 20

September 20, 2017

Texas – Comptroller Allows Temporary Extensions for Businesses Impacted by Hurricane Harvey

Texas – Comptroller Allows Temporary Extensions for Businesses Impacted by Hurricane Harvey

The Comptroller’s office is allowing limited temporary extensions for businesses in Texas counties designated by the Federal Major Disaster Declarations.   
Sep 19

September 19, 2017

Federal – IRS Gives Tax Relief to Hurricane Victims

Federal – IRS Gives Tax Relief to Hurricane Victims

The Internal Revenue Service posted a news release that Hurricane Irma victims in 19 Florida counties and elsewhere (St. John and St. Thomas in U.S. Virgin Islands and certain municipalities in Puerto Rico) have until January 31, 2018 to file business tax returns and make certain tax payments.  This relief parallels granted in August to victims of Hurricane Harvey.  This includes an additional filing extension for businesses with extensions that run out on September 15.
Sep 18

September 18, 2017

Puerto Rico – State Offices Closing at Noon EST Due to Hurricane Maria

Puerto Rico – State Offices Closing at Noon EST Due to Hurricane Maria

Due to Hurricane Maria, all state offices in Puerto Rico will close at Noon EST today and all services will be suspended until the storm passes and state offices reopen.
Sep 13

September 13, 2017

Delaware – Legislation Corrects 2015 Law

Delaware – Legislation Corrects 2015 Law

House Bill 86 (Chapter No. 147) signed by the governor August 30 and effective retroactively to June 24, 2015 corrects an unintended consequence of a 2015 law by preventing double taxation of premium ceded to a series captive insurance company or protected cell and precludes premium taxation of series LLCs,  when premium is written only in the series of such of series LLC.
Sep 12

September 12, 2017

UCC Expert’s Corner: Extra Space in Debtor Name Makes Financing Statement Seriously Misleading

UCC Expert’s Corner: Extra Space in Debtor Name Makes Financing Statement Seriously Misleading

Extra Space in Debtor Name Makes Financing Statement Seriously Misleading By Paul Hodnefield, Esq. There is little margin for error when it comes to accuracy of the debtor name when filing a UCC financing statement. Even a seemingly minor error can render the financing statement seriously misleading and leave the secured party with an unperfected security interest. A recent case illustrates just how much precision is required for debtor names when filing UCC records. The case is United States SEC…
Sep 11

September 11, 2017

Georgia & South Carolina – State Offices Closed Due to Hurricane Irma

Georgia & South Carolina – State Offices Closed Due to Hurricane Irma

Due to Hurricane Irma, both the Georgia and South Carolina Secretary of State Offices are closed as well as many state and county government offices throughout each state.
Sep 8

September 8, 2017

Florida – Secretary of State Closed Monday, September 11

Florida – Secretary of State Closed Monday, September 11

Due to Hurricane Irma, the Florida Secretary of State and all government offices will be closed on Monday, September 11.  Also, many local county offices throughout the state will be closed.  More details to follow once the storm passes.  
Sep 8

September 8, 2017

Texas – Bill Updates Business Organizations Code

Texas – Bill Updates Business Organizations Code

Senate Bill 1517 signed by the governor May 22 and effective September 1 updates the Business Organizations Code regarding service of process on series of a domestic and foreign series LLC; records transparency; and consent to use business names.
Sep 7

September 7, 2017

Eastern Caribbean – Government Offices Closed in the U.S. Virgin Islands and British Virgin Islands Due to Hurricane Irma

Eastern Caribbean – Government Offices Closed in the U.S. Virgin Islands and British Virgin Islands Due to Hurricane Irma

Government offices are closed in the U.S. Virgin Islands, the British Virgin Islands and many other islands in the Eastern Caribbean due to Hurricane Irma.  Please expect extended delays in these jurisdictions.   More details to follow as we become aware of additional information.