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Visit the CTA Reference Center to receive the latest updates on the Corporate Transparency Act. Click here!
The content here keeps you informed about the latest industry news and provides insight into frequently asked questions.
Submitted by UCS on September 19, 2022
New York law permits certain licensed professionals to form a professional corporation (PC), referred to by the New York statute as a professional service corporation, to shield the personal assets of shareholders from liability f...
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Submitted by UCS on April 15, 2022
In 2015, the International Association of Commercial Administrators (IACA) released the revised Model Administrative Rules, which include a specific section frequently referred to as “standard search logic.” One standard se...
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Submitted by UCS on March 17, 2022
An LLC can be either a member-managed LLC or a manager-managed LLC. In most states, an LLC is member-managed unless it is designated as a manager-managed LLC within its Articles of Organization and/or Operating Agreement/Limited L...
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Submitted by UCS on February 3, 2022
All Delaware domestic stock corporations as well as for-profit non-stock corporations that do meet the requirements with the Exempt Corporation requirements are required to file an Annual Report and pay an Annual Franchise Tax. Th...
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Submitted by UCS on 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 G...
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Submitted by UCS on 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...
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Submitted by UCS on 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....
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Submitted by UCS on 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. Departmen...
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Submitted by UCS on 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 sche...
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Submitted by UCS on September 8, 2020
Which states allow for Temporary Remote Online Notarization? (Updated September 8th) In response to the stay-at-home order issued by many states and the Centers of Disease Control social distancing guideline of keeping 6 feet a...
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