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.
Feb 8

February 8, 2017

Rhode Island – Annual Reports for Business Corporations Due by March 1, 2017

Rhode Island – Annual Reports for Business Corporations Due by March 1, 2017

The Secretary of State Business Services Division announced that the annual report form will be revised in 2017 to include an NAICS code.  Business corporations must file between January 1 and March 1. Learn more about annual report services or join our upcoming annual report preparation and filing webinar on February 16, 2017.
Feb 7

February 7, 2017

The Diligent UCC Search: Learn UCC search tips and traps to avoid

The Diligent UCC Search: Learn UCC search tips and traps to avoid

Those who conduct Uniform Commercial Code (UCC) records search must navigate a number of potential risks. Even then, finding the relevant UCC records is only the first step. UCC searchers must also correctly interpret the effect of each disclosed record. What is a UCC search? Join us for a complimentary webinar on Thursday, February 9 at 2:00 P.M. ET to learn how to do a UCC search, how to interpret the results, and strategies for avoiding the multitude of traps…
Feb 2

February 2, 2017

Free CLE webinar: Major Changes to Pennsylvania Entity Law, February 7, 2017, 2 – 3 PM EDT

Free CLE webinar: Major Changes to Pennsylvania Entity Law, February 7, 2017, 2 – 3 PM EDT

On February 21, 2017, Act 2016-170 goes into effect. It is a comprehensive revision of Pennsylvania law on partnerships and limited liability companies (LLCs). This one-hour webinar is intended to provide attendees with the important changes included in Act 170. Join CSC® for a complimentary webinar by William H. Clark, Jr., partner, Drinker Biddle & Reath LLP, and Lisa R. Jacobs, partner, DLA Piper LLP, for an overview of the change and its impacts. Mr. Clark is a legal advisor…
Feb 2

February 2, 2017

Michigan – LLC Annual Statements Must be Filed by February 15

Michigan – LLC Annual Statements Must be Filed by February 15

The Department of Licensing and Regulatory Affairs Corporations, Securities and Commercial Licensing Bureau has mailed annual statements for LLCs and professional LLCs to Michigan resident agents for 419,315 LLCs and 12,199 PLLCs. The annual statements must be filed online by February 15, 2017.  An LLC that fails to file an annual statement for 2 years is not in good standing, its name will be available for use by another entity and no document will be filed for the LLC except…