Common Naming Rules for Formations & Qualifications Posted on June 28, 2016 by When a formation or qualification document is submitted for filing, the filing office will perform a thorough review of the document before accepting it into the state’s records. One of the first things the state looks at is the business name listed on the document. The business name must strictly comply with all of the Read More Posted in Corporate
July 2016 State Holidays Posted on June 24, 2016 by Please note state filing offices occasionally make last-minute changes to their holiday closing schedules. We will update this list as we become aware of any such changes. Date State(s) Holiday Monday, July 4 All States CLAS will also be closed Independence Day Wednesday, July 27 UT Pioneer Day CLAS Information Services understands that your job Read More Posted in Jurisdictional Updates
3 Good Reasons to Include Similar Names With Your UCC Searches Posted on June 13, 2016 by When requesting a UCC search as part of a pre-funding due diligence investigation, do you ask your service provider to report filings found under similar names? What if you are self-searching using an online system, do you employ flexible searching techniques like using wildcard characters to reveal name variations? If not, you are not alone. Read More Posted in UCC and Lien
Did Your Client Miss the Delaware Tax Deadline? Posted on June 2, 2016 by The June 1, 2016 deadline for Delaware Alternative Entities (i.e. LLC, LP and GP) to pay their annual tax for 2015 has come and gone. This year, like every year, countless entities have missed the deadline and are now delinquent in the state of Delaware. Are any of your clients’ entities among them? The consequences Read More Posted in Corporate
Happy Memorial Day from CLAS Posted on May 27, 2016 by From all of us at CLAS, have a safe and pleasant Memorial Day! Please take a moment this weekend to remember our fallen heroes and appreciate those who serve today. CLAS Information Services will be closed Monday, May 30, 2016 in honor of Memorial Day. We will resume normal business hours on Tuesday, May 31, Read More Posted in CLAS News & Alerts
June 2016 State Holidays Posted on May 24, 2016 by Please note state filing offices occasionally make last-minute changes to their holiday closing schedules. We will update this list as we become aware of any such changes. Date State(s) Holiday Monday, June 6 AL Jefferson Davis’ Birthday Friday, June 10 HI King Kamehameha Day Monday, June 20 WV West Virginia Day CLAS Information Services understands Read More Posted in Jurisdictional Updates
Before You Ignore Those Terminated UCCs – PLEASE READ THIS! Posted on May 11, 2016 by When reviewing UCC search results as part of a pre-funding due diligence investigation, it may be your first inclination to ignore a UCC that has a termination listed, assuming that the UCC record is no longer a factor in determining priority. Before deciding to ignore any terminated UCCs that turn up on your search reports Read More Posted in UCC and Lien
5 Foreign Qualification Pitfalls & How to Avoid Them Posted on May 11, 2016 by Coordinating a foreign qualification project requires careful planning and a keen attention to detail. Here is a brief overview of the top 5 pitfalls of foreign qualification projects and some tips for how to avoid them. 1. Choosing a name that is not acceptable in the foreign jurisdiction When a qualification document is submitted for Read More Posted in Corporate
Important Change to California LLC Statements of Information Posted on May 4, 2016 by Effective May 3, 2016, the California Secretary of State has released updated Limited Liability Company Statement of Information (LLC-12) Forms. Per the state, the following changes have been made: The Limited Liability Company Statement of Information (Form LLC-12) has been revised and reformatted, including the removal of the option to indicate on that form that Read More Posted in Jurisdictional Updates
Is UCC E-filing is Right for Your Organization? Posted on May 3, 2016 by These days, nearly every state filing office accepts some form of electronic filing (E-filing) for UCC documents, often either through xml transmission or a fillable web form. Some states are even beginning to mandate E-filing for UCCs. Back in 2012, Colorado became the first state to require that all UCC filings be submitted electronically. Since Read More Posted in UCC and Lien
