Jul 2

July 2, 2015

delaware-llc

Essential LLC resource now available from CSC®Publishing

More Delaware limited liability companies are formed each year than any other Delaware business entity. Delaware LLCs offer owners and managers broad contractual flexibility, protection from personal liability, and the certainty of a market-tested statute. To help you better understand Delaware LLC law, CSC®Publishing and partner LexisNexis have released Symonds & O’Toole on Delaware Limited Liability Companies, Second Edition, a newly updated treatise considered the authoritative work on Delaware LLC law. This comprehensive resource—referred to in a Delaware Court of…
Jul 2

July 2, 2015

Washington – Legislation Enacted Amending Security Interests

Washington – Legislation Enacted Amending Security Interests

The governor signed Senate Bill 5032 on April 24, 2015. The bill amends UCC § 1-203 to specify when a transaction in the form of a lease does not create a security interest for UCC purposes. The new law takes effect 90 days after the legislature adjourns.
Jul 1

July 1, 2015

MA-LLC-Law-2015

Recent changes to Massachusetts LLC law

Recent changes to Massachusetts LLC law—Make sure you have the latest information Massachusetts lawmakers amended the state’s limited liability act during the latest session to allow a dissolved limited liability company to continue to conduct any business necessary to wind up its affairs or distribute its assets, even if it has filed a certificate of cancellation. Before this amendment was passed, LLCs in the state could conduct a limited set of wind-up activities only up until a certificate of cancellation…
Jul 1

July 1, 2015

UCC Expert’s Corner: Terminations, Continuations, and Bankruptcy

UCC Expert’s Corner: Terminations, Continuations, and Bankruptcy

Secured parties tend to be cautious about filing any UCC records after a debtor files for bankruptcy. Violations of the automatic stay or discharge injunction can have serious consequences for the offending secured party. However, secured parties may file certain UCC records after the filing of a bankruptcy petition, as a court recently found in the case of Botson v. Citizens Banking Company, 2015 WL 3486616 (Bankr. N.D. Ohio June 1, 2015). The Botsons (the “Debtors”) owned a small insurance…
Jun 30

June 30, 2015

Jun 26

June 26, 2015

Delaware – Foreign Corporation Annual Reports Due By June 30

Delaware – Foreign Corporation Annual Reports Due By June 30

Foreign corporations qualified in Delaware are required to file a paper annual report and pay an annual filing fee of $125.00 prior to June 30 to State of Delaware, Division of Corporations, P.O. Box 5509, Binghamton, NY 13902-5509. Late filing penalties and interest apply if payments are not received in the lockbox prior to June 30. Online filing and payment are not available for foreign corporation annual reports.
Jun 26

June 26, 2015

postcards

Webinar: Simplifying & Centralizing Global Corporate Governance: July 15th @ 11 AM & 2 PM

Who doesn’t love finding a postcard in their mailbox? You get to experience places you’ve never visited without leaving the comfort of your home. Wouldn’t it be great if global corporate governance were as easy as mailing a postcard? Unfortunately, different countries have their own requirements, governance policies, and compliance demands. Please join us for this complimentary webinar as we explain how CSC can help. During this webinar, you’ll learn about: • The challenges of achieving entity compliance and maintaining…
Jun 25

June 25, 2015

Kentucky – Legislation Enacted Affecting Corporations and LLC Provisions

Kentucky – Legislation Enacted Affecting Corporations and LLC Provisions

House Bill 440 signed by the governor March 20 and effective 90 days after adjournment (projected to be March 24) enacts the Uniform Unincorporated Nonprofit Association Act and amends existing provisions relating to corporation and LLC governance; articles of merger; and articles of dissolution.
Jun 24

June 24, 2015

Georgia – Corporation Department Upgrade and Outage Planned

Georgia – Corporation Department Upgrade and Outage Planned

The Office of the Secretary of State will implement a new corporations processing system in July.  Online services will be shut down Thursday June 25 and Friday June 26 and will come back up Saturday June 27 after 4:00 pm.  Any urgent filings can be walked into the filing office before the close of business Thursday June 25.  No processing will occur on Friday June 26.  A new username and password will be required in the new system and old…
Jun 23

June 23, 2015

Delaware – Corporation Division Will Be Closed During System Conversion

Delaware – Corporation Division Will Be Closed During System Conversion

The Department of State Division of Corporations posted a notice on its website that the filing office will be closed Friday September 4 for a major computer system conversion. The office will close Thursday, September 3 at 4:30 pm and reopen Tuesday September 8 at 8:00 am.