Feb 4

February 4, 2016

Michigan – LLC Annual Statements Due by February 15

Michigan – LLC Annual Statements Due by February 15

Monday, February 15, is the filing deadline for LLC annual statements and professional LLC annual statements and reports. The filing office will be closed Monday, February 15, for a public holiday. Statements may be filed online at www.michigan.gov/fileonline. A late filing penalty of $50.00 will be assessed for PLLC annual statements and reports filed on or after February 16.  Click here for more information.
Feb 4

February 4, 2016

annual-reports-webinar

Webinar: Don’t be puzzled about annual reports: Feb. 18th 11 am & 2 pm EST

If you’re puzzled by what reports need to be filed for your entity in your jurisdiction, or can’t put the pieces together about the reporting requirements in your state, you’re at risk for missing a deadline that can lead to loss of compliance and penalties. Corporation Service Company® (CSC®) can help you put all the annual report pieces into place. During this complimentary webinar, we’ll cover: • Annual report preparation and filing obstacles • Real-life examples of filing requirements and…
Feb 4

February 4, 2016

de-trust-webinar

Webinar: Unlock Your Company’s Hidden Value (Mergers and Acquisitions) Feb. 24th @ 2pm EST

In the world of mergers, acquisitions and financial valuation, your business is only worth what someone is willing to pay for it. Join experts Mark Gaeto and Ted Stack—managing partners at Falcon Capital Partners LLC—for a complimentary, one-hour webinar exploring the best strategies for unlocking your company’s hidden value. Learn how to read between the numbers to achieve a more lucrative deal. • The hidden value in the financials: Between cleaning up your books and building your models, we’ll discuss…
Feb 3

February 3, 2016

UCC Expert’s Corner: Court Finds Security Interest in Inventory and Proceeds Not Perfected by Real Estate Law

UCC Expert’s Corner: Court Finds Security Interest in Inventory and Proceeds Not Perfected by Real Estate Law

A real estate instrument can serve as a security agreement with respect to the debtor’s tangible personal property and proceeds. However, recording that same instrument may not perfect that security interest, even if the personal property collateral is physically located on the related real property. As a secured party learned in the recent case In re: Shree Meldikrupa, Inc., 2016 WL 235205 (Bankr. S.D. Ga. Jan. 15, 2016), perfection of such a security interest in personal property and proceeds normally…
Feb 3

February 3, 2016

California – Revisions to Franchise Relations Act

California – Revisions to Franchise Relations Act

Assembly Bill 525 (Chapter 776) signed by the governor October 11 and effective January 1, 2016 revises the rights and responsibilities of franchisors and franchisees under the California Franchise Relations Act (CFRA) with respect to the termination of franchise agreements.
Feb 1

February 1, 2016

Delaware – Delaware Competes Act Effective July 1

Delaware – Delaware Competes Act Effective July 1

House Bill 235 signed by the governor January 27 and effective July 1, 2016 enacts the Delaware Competes Act to reform Delaware’s business tax code to incentivize job creation and investment in Delaware, to make Delaware’s tax structure more competitive with other states, and to support small businesses by making tax compliance less burdensome. The principal change is to remove disincentives for companies to create Delaware jobs and invest in Delaware property that currently exists in how income is apportioned…
Jan 29

January 29, 2016

New York – Not For Profit Corporation Law Amended

New York – Not For Profit Corporation Law Amended

Senate Bill 5868 (Chapter 555) signed the governor and effective December 20, 2015 amends amend the not-for-profit corporation law, the estates, powers and trusts law and the religious corporations law, in relation to  the reform of charitable corporations.
Jan 28

January 28, 2016

Jan 25

January 25, 2016

Illinois – Property Owner Electronic Property Fraud Alert System

Illinois – Property Owner Electronic Property Fraud Alert System

House Bill 3672 (Public Act No. 75) signed by the governor July 20 and effective January 1, 2016 provides for an electronic property fraud alert system that informs a property owner when a document is recorded with the county recorder that relates to a registered property.
Jan 22

January 22, 2016

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Extensive changes to California business law

2015 was another year of extensive legislative changes for business law in California. Substantive amendments were made to the state’s LLC law, including new indemnification requirements, and changes to voting rights, profit and loss allocation and the winding up of an LLC. Amendments were also made to the state’s franchise law, including changes related to the termination, nonrenewal and transfer of franchises that extend new protections to franchisees. California’s legislature also approved changes to the state’s securities laws related to…