Feb 27

February 27, 2017

Major changes to Pennsylvania’s laws on partnerships and LLCs

Make sure you have the latest statutes with CSC®Publishing’s 2017 Pennsylvania Laws Governing Business Entities The Pennsylvania legislature overhauled the state’s laws on unincorporated entities during its 2016 session, making extensive changes designed to modernize the way the state does business. This comprehensive revision of PA law on partnerships and LLCs was signed by legislators into law as Act 2016-170 in late November, and takes effect on February 21, 2017. The Act revises the laws on partnerships and LLCs, expands…
Feb 27

February 27, 2017

Rhode Island – Business Corporation Annual Reports Due By March 1

Rhode Island – Business Corporation Annual Reports Due By March 1

The Secretary of State Business Services Division announced that the annual report form will be revised in 2017 to include a NAICS code. Business corporations must file between January 1 and March 1.
Feb 23

February 23, 2017

Delaware – Grants Automatic Extension of Time to April 18th to file Income Tax Returns for C Corporations

Delaware – Grants Automatic Extension of Time to April 18th to file Income Tax Returns for C Corporations

The Division of Revenue posted Technical Information Memorandum 2017-1 granting an automatic extension of time from March 15 to April 18 to file Form 1100, Delaware Corporation Income Tax Return for C corporations for calendar year taxpayers to coincide with the deadline to file Form 1120, U.S. Corporation Income Tax Return. Delaware will enact legislation in 2017 to adopt the same due dates for business tax returns effective for tax years beginning after December 31, 2016.
Feb 22

February 22, 2017

Montana – Revises the Filing Deadline for Partnership Income Tax Returns

Montana – Revises the Filing Deadline for Partnership Income Tax Returns

House Bill 42 (Chapter 6) signed by the governor and effective February 13 revises the filing deadline for partnership income tax returns to align with federal filing deadlines.
Feb 21

February 21, 2017

Pennsylvania – Legislation Revises Business Entity Statutes Effective February 21, 2017

Pennsylvania – Legislation Revises Business Entity Statutes Effective February 21, 2017

The Department of State’s Bureau of Corporations and Charitable Organizations posted information regarding Act 170 which revises business entity statutes for LLCs, Limited Partnerships, General Partnerships and Limited Liability Partnerships effective February 21, 2017.
Feb 21

February 21, 2017

UCC Expert’s Corner: Court Holds That Middle Name Matters on Driver’s License

The 2010 Amendments to UCC Article 9, which took effect in most states on July 1, 2013, provided new rules for the sufficiency of an individual debtor name. Most states enacted a legislative option which required a financing statement to provide the name of an individual debtor that was indicated on the person’s unexpired driver’s license issued by the state where the record was filed. A court recently addressed the effect of an individual debtor name that appears differently on…
Feb 17

February 17, 2017

Illinois – Legislation Amends Limited Liability Company Act

Illinois – Legislation Amends Limited Liability Company Act

House Bill 4361 (Public Act No. 637) signed by the governor July 28 and effective July 1, 2017 amends the Limited Liability Company Act to, among other things, update conversion, merger and domestication provisions; permit filing of a statement of authority or limitation of authority to execute instruments transferring real property or to enter into other transactions on behalf of the LLC; permit filing of a statement of termination after winding up a dissolved LLC; expand the scope of operating…
Feb 15

February 15, 2017

Washington – Enhancements to My DOR System March 2

Washington – Enhancements to My DOR System March 2

The Department of Revenue posted a message that enhancements to the business license system, My DOR, will be introduced March 2.
Feb 13

February 13, 2017

Pennsylvania – Legislation Effective February 21 Revises Business Entity Statutes

Pennsylvania – Legislation Effective February 21 Revises Business Entity Statutes

House Bill 1398 (Act No. 170) signed by the governor November 21 and effective February 21, 2017 amends Title 15 (Corporations and Unincorporated Associations) and modernizes the law on limited liability companies, limited partnerships, general partnerships and limited liability partnerships. Among other things, LLCs and LLPs must file a certificate of termination to terminate existence, and benefit companies may be formed as LLCs. View our latest recorded webinar discussing these changes >>
Feb 10

February 10, 2017

Michigan – LLC and Professional LLC 2017 Annual Statements and Reports Due by Wednesday, February 15th

Michigan – LLC and Professional LLC 2017 Annual Statements and Reports Due by Wednesday, February 15th

The Department of Licensing and Regulatory Affairs (LARA) posted a reminder to file LLC and professional LLC 2017 annual statements and reports by Wednesday, February 15 to avoid a $50.00 late filing penalty.