July 16, 2021
A UCC-1 Financing Statement is used by a creditor to provide notice that it has a security interest in the personal property of a debtor. Quite often when a UCC-1 Financing Statement is submitted, the participants involved are identified as the Debtor and Secured Party but the UCC-1 Financing State also allows the filer to […]
July 15, 2021
A Certificate of Good Standing or a Certificate of Existence is used by a business entity to prove that they are incorporated and legally authorized to conduct business in a particular state or jurisdiction. A Certificate of Good Standing shows that the entity does not owe any outstanding franchise taxes, fees, or penalties to the […]
June 22, 2021
Searching for Federal Tax Liens is just one component of a thorough due diligence search. Understanding the “What” and the “Where” of the different areas of a “Full Lien Search” involves being able to successfully sort through each jurisdiction’s recordation rules. What is a Federal Tax Lien? A Federal Tax Lien is defined as the […]
March 31, 2021
Spring and annual report season are upon us! Whether you operate a corporation (C or S), a non-profit corporation, an LLC or LLP, your entity is required to file a report of activity throughout the lifespan of your business. Depending on the state, reports are required to be submitted annually, biennially and even decennially.When you understand your […]
February 9, 2021
On January 1st, the National Defense Authorization Act for Fiscal Year 2021 was enacted into law. The bill includes the Corporate Transparency Act (the “CTA”) which creates a beneficial ownership registry within the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”), requiring certain corporations and limited liability companies to report information on their […]
December 3, 2020
We are fast approaching the end of 2020 and the Delaware Secretary of State has released their holiday schedule for the month of December. Attached are dates for when the Secretary of State will be operating on a reduced schedule or closed for the entire day. Overview of Services> We hope that you find this […]