Viewing: Jurisdictional Updates

Sep 27

September 27, 2017

New Hampshire – Bill Amends Trust Code Effective October 1

New Hampshire – Bill Amends Trust Code Effective October 1

Senate Bill 225 (Chapter 2017-257) signed by the governor and effective July 18 amends the trust code regarding family trust companies and effective October 1 enacts the New Hampshire Foundation Act to authorize formation and qualification of foundations also known as stichtings in filings at the Secretary of State.
Sep 26

September 26, 2017

Montana – Legislation Makes Assumed Business Names Effective for 5 Years

Montana – Legislation Makes Assumed Business Names Effective for 5 Years

House Bill 80 signed by the governor February 17 and effective October 1 revises business entity statutes to (1) make assumed business name registration effective for 5 years unless cancelled earlier by filing a cancellation of registration form and (2) permit the Secretary of State to deliver electronic notices to business entities.
Sep 25

September 25, 2017

Maryland – House Bill Amends General Corporation Law

Maryland – House Bill Amends General Corporation Law

House Bill 744 (Chapter 674) signed by the governor May 25 and effective October 1 amends the General Corporation Law to, among other things, establish jurisdiction rules for adjudicating internal corporate claims; prohibits a Maryland corporation with capital stock or a real estate investment trust (REIT) from imposing liability on a stockholder who is a party to an internal corporate claim for attorneys fees or other expenses; provides that a director of a corporation or trustee of a REIT is…
Sep 22

September 22, 2017

Nevada – Legislation Amends LLC and LP Statutes

Nevada – Legislation Amends LLC and LP Statutes

Senate Bill 41 (Chapter 355) signed by the governor June 4 and effective October 1 permits the Secretary of State to conduct periodic, special or any other examination of records required to be maintained pertaining to the duties of a registered agent and amends the LLC and LP statutes to provide that certain records shall be maintained at a principal place of business in Nevada or with a custodian of records, and the name and street address of the custodian…
Sep 21

September 21, 2017

Virginia – Tax Amnesty Program Now in Effect Until November 14

Virginia – Tax Amnesty Program Now in Effect Until November 14

The Department of Taxation has mailed to taxpayers information regarding the 2017 Virginia tax amnesty program from September 13 to November 14 to pay half the normal interest charges and no penalties.
Sep 20

September 20, 2017

Texas – Comptroller Allows Temporary Extensions for Businesses Impacted by Hurricane Harvey

Texas – Comptroller Allows Temporary Extensions for Businesses Impacted by Hurricane Harvey

The Comptroller’s office is allowing limited temporary extensions for businesses in Texas counties designated by the Federal Major Disaster Declarations.   
Sep 19

September 19, 2017

Federal – IRS Gives Tax Relief to Hurricane Victims

Federal – IRS Gives Tax Relief to Hurricane Victims

The Internal Revenue Service posted a news release that Hurricane Irma victims in 19 Florida counties and elsewhere (St. John and St. Thomas in U.S. Virgin Islands and certain municipalities in Puerto Rico) have until January 31, 2018 to file business tax returns and make certain tax payments.  This relief parallels granted in August to victims of Hurricane Harvey.  This includes an additional filing extension for businesses with extensions that run out on September 15.
Sep 18

September 18, 2017

Puerto Rico – State Offices Closing at Noon EST Due to Hurricane Maria

Puerto Rico – State Offices Closing at Noon EST Due to Hurricane Maria

Due to Hurricane Maria, all state offices in Puerto Rico will close at Noon EST today and all services will be suspended until the storm passes and state offices reopen.
Sep 13

September 13, 2017

Delaware – Legislation Corrects 2015 Law

Delaware – Legislation Corrects 2015 Law

House Bill 86 (Chapter No. 147) signed by the governor August 30 and effective retroactively to June 24, 2015 corrects an unintended consequence of a 2015 law by preventing double taxation of premium ceded to a series captive insurance company or protected cell and precludes premium taxation of series LLCs,  when premium is written only in the series of such of series LLC.
Sep 11

September 11, 2017

Georgia & South Carolina – State Offices Closed Due to Hurricane Irma

Georgia & South Carolina – State Offices Closed Due to Hurricane Irma

Due to Hurricane Irma, both the Georgia and South Carolina Secretary of State Offices are closed as well as many state and county government offices throughout each state.