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Home Blog Category Archives: Corporate Services News

The content here keeps you informed about the latest industry news and provides insight into frequently asked questions.

Canada introduces the Business Corporations Act

In 2019, a new regulation was implemented in Canada, mandating federally incorporated,  privately held companies incorporated under the Canada Business Corporations Act (CBCA) to establish and maintain comprehensive records of in...

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FinCEN Releases BOI Access Rule

Our guest blog post showcases an article authored by Jonathan Wilson, a co-founder of FinCEN Report Company LLC. Originally published on December 24, 2023, the article offers a comprehensive overview of the Access Rule under the C...

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Updating Beneficial Ownership Information with FinCEN

In previous installments of this blog series, we have addressed the immediate changes taking effect in January of 2024.  The Corporate Transparency Act (“CTA”) not only alters the process of establishing a new corporate entit...

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What is the Corporate Transparency Act?

It is normal to feel overwhelmed, frustrated, and possibly even worried about how to comply with any new regulation, especially if the rules are constantly evolving and being defined, redefined, explained, and reevaluated. So, let...

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What’s the difference between a Principal Office address and a Registered Agent address?

The Delaware Secretary of State has a policy of not allowing entities to report their Registered Agent address as their Principal Place of Business address on their annual reports. Recently, in an effort to further enforce this po...

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Pennsylvania Companies moving from Decennial Reporting to Annual Reporting

The requirement for Decennial Reports has been repealed.  Effective January 3, 2024, specific entity types will transition from filing 10-year reports on company activities to being required to file annually. If your company f...

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California Secretary of State Enacts Certificate of Validation Statute

Effective January 1, 2023, SB 218 created a new filing with the California Secretary of State (“Secretary of State”) called a “Ratification of a Noncompliant Corporate Act” or a “Validation of a Noncompliant Corporate Ac...

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Certificate of Good Standing vs. Certificate of Existence

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 G...

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California updates RLLP requirements and will begin procedures to administratively dissolve suspended domestic corporations and LLCs

Effective January 1, 2019, the California Secretary of State implemented a couple of changes that will affect some existing entities in their state. Assembly Bill 920: This bill extends until January 1, 2026, persons licensed ...

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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 purpo...

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United Corporate Services

With more than 50 years of registered agent and annual compliance services, we understand the complexities of staying on top of the ever-changing laws and regulations that companies face. United Corporate Services partners with our clients continuously to deliver the highest level of service.

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