May 29

May 29, 2015

Virginia – Legislation Passed Affecting LLC Liability

Virginia – Legislation Passed Affecting LLC Liability

Senate Bill 1368 (Chapter 627) signed by the governor March 26 and effective July 1 clarifies that the existing provision that insulates a member, manager, organizer, or other agent of a limited liability company (LLC) from any personal obligation for any liability of the LLC applies without regard to whether the LLC has a single member or multiple members.
May 29

May 29, 2015

July, August and September 2015 State Holiday Closings

July, August and September 2015 State Holiday Closings

Listed below are state government office closures for the months of July, August and September.  This information was provided by each state as of May 28, 2015, and may be subject to change without CSC’s knowledge.  CSC will update this information as we become aware of any changes.  (Please note that court, county and local jurisdictions may vary.) July 3 (Friday) OFFICES IN ALL STATES will be CLOSED for Independence Day except offices in the the following states will be…
May 29

May 29, 2015

keystone-state-make-over

Keystone State Makeover: Changes to Pennsylvania’s business law promise easier entity conversions and more

Pennsylvania corporations are formed and operated under the state’s Business Corporation Law of 1988, which is part of Title 15 of the Pennsylvania Consolidated Statutes.  In general, any changes to the law begin with the Pennsylvania Bar Associations’s Drafting Committee, which penned the original legislation and continues to fine-tune it to place it on an equal footing with the statutes adopted by other states. On July 1, 2015, significant new updates to the Pennsylvania statutes will go into effect, bringing…
May 28

May 28, 2015

Delaware – Annual Fee Due June 1 for Limited Liability Companies, Limited Partnerships, and General Partnerships

Delaware – Annual Fee Due June 1 for Limited Liability Companies, Limited Partnerships, and General Partnerships

Monday, June 1, is the State of Delaware’s deadline for limited liability companies, limited partnerships and general partnerships formed or registered in Delaware to pay the $300.00 annual fee.  No annual report is required. The annual fee can be paid on the Delaware state website at http://corp.delaware.gov/paytaxes.shtml until 11:45 pm Monday, June 1st.  CSC provides a service to customers to pay the alternative entity annual fee for a service fee until 11:30 pm.   For additional information, contact a CSC Customer Service…
May 28

May 28, 2015

PA-business-laws

Pennsylvania’s business laws are changing. Are you ready? Make sure with CSC’s 2015 Pennsylvania Laws Governing Business Entities

The Pennsylvania legislature has overhauled the state’s business laws, making extensive changes designed to “improve the integration of the various Pennsylvania entity laws into a more coherent code.” The changes, due to take effect on July 1, 2015, provide businesses with greater flexibility with four transaction types: mergers, conversions, interest exchanges and domestications. The new rules also create a central set of provisions for entity names and for registering to do business as a foreign entity. These changes are captured…
May 27

May 27, 2015

Oregon – Legislation Affecting Nationwide Mortgage Licensing System and Registry Enacted

Oregon – Legislation Affecting Nationwide Mortgage Licensing System and Registry Enacted

Senate Bill 277 (Chapter 118) signed by the governor and effective May 20 enables the Department of Consumer and Business Services to convert the money transmission, debt management service provider, and check cashing programs onto the Nationwide Mortgage Licensing System and Registry(NMLS).  
May 26

May 26, 2015

May 22

May 22, 2015

May 20

May 20, 2015

May 19

May 19, 2015

Indiana – SB 487, Effective July 1, Makes Various Changes to Business Entity Laws

Indiana – SB 487, Effective July 1, Makes Various Changes to Business Entity Laws

SB 487 (Public Law 119) signed by the governor May 4 and effective July 1 makes various changes to business entity laws including: repeal of name registration by a foreign entity which may still reserve a name; repeal of a requirement to submit an exact or conformed copy of a business entity document for filing; change in the annual report requirement to a biennial report effective July 1, 2016; changes to provisions regarding notice to annual shareholder meetings which may…