United Corporate Services Blog

  • Secretary of State office closings for the 3rd quarter

    Put on the sunscreen and start up the grill!!! Summertime is just around the corner and UCS is ready! See the attached state holiday closing calendar for July through September.

  • TX Distinguishable Name

    On June 1, 2018, Texas implemented a less restrictive standard for determining whether a business entity’s name will be available to domestic and registered foreign business entities. This change affects the following entity types: Corporations (Domestic & Foreign) Limited Partnerships Limited Liability Companies Professional Associations Cooperatives Real Estate Investment Trusts Whereas prior to implementation, the […]

  • Delaware Employee Recognition

    On Friday, June 8, 2018 an off-site Employee Recognition event is planned for all the employees of the Delaware Division of Corporations. The Division staff will be departing at 11:30 A.M. and there will not be an evening shift. To help prepare you for this event, UCS answers some basic questions you might have. Can […]

  • Delaware Proposes Updates to Its LLC Statute Regarding Series LLCs

    Series Limited Liability Companies are gaining traction. There is still a tremendous amount of confusion with the courts and the IRS as to their structure. The Series LLC was first introduced in Delaware in 1996 as a special form of a Limited liability company that provides liability protection across multiple “series” each of which is […]

  • Delaware Franchise Taxes are due

    Time definitely flies! As we march through the month of May, please keep in mind that Delaware LLCs, LPs and GPs are required to pay an annual tax of $300 by June 1st. Our Dover staff put together a list of frequently asked questions to help you get a better understanding of what action to […]

  • Independent Directors and Special Purpose Entities

    In many large business transactions such as asset securitizations, joint ventures and commercial real estate transactions the lender may require the borrower to hold their assets in a bankruptcy remote single purpose/special purpose entity (“SPE”).  The lender wants to make sure that the company’s assets are protected from the parent company suddenly declaring bankruptcy.   These […]

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