DID YOU KNOW? A California Provision Grants New Entities Relief from the Annual Minimum Tax Posted on December 5, 2016 by If you are preparing to file paperwork with the California Secretary of State’s office to establish a new business entity, please take note! There is a provision in California law that provides newly established business entities (i.e. Corporations, LLCs, LPs and LLPs) relief from the requirement to pay the $800 annual minimum tax. Under the Read More Posted in Corporate
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
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
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
A Beginner’s Guide to Annual Reports Part Three: Consequences of a Missed Annual Report Filing Deadline Posted on November 12, 2015 by CLAS hopes you have had the opportunity to read the first two installments of our Beginner’s Guide to Annual Reports blog series, Part One: The Annual Report Requirement and Part Two: Filing an Annual Report. In this, our final installment, we discuss the consequences of a missed Annual Report filing deadline. From a financial standpoint, Read More Posted in Corporate, Annual Reports
A Beginner’s Guide to Annual Reports Part Two: Filing an Annual Report Posted on November 5, 2015 by In last week’s blog post, we offered a general overview of the Annual Report requirement. This week, we will discuss what to expect when filing an Annual Report. Figuring out how to file an Annual Report can be tricky. Most state filing offices now offer an online feature where filers can input Annual Report information Read More Posted in Corporate, Annual Reports
A Beginner’s Guide to Annual Reports Part One: The Annual Report Requirement Posted on October 29, 2015 by Once a new business entity forms, there are a number of statutory requirements the entity must satisfy in order to maintain its good standing. Specific requirements vary by state and entity type, but the most common post-formation requirement is the filing of an Annual Report. Nearly every state requires a periodic report from an entity Read More Posted in Corporate, Annual Reports
Top Five Reasons for Rejected Formation, Qualification Filings Posted on October 16, 2015 by Whether establishing a new business entity or expanding operations into a new state, a rejected corporate filing can be costly, not to mention frustrating. What follows is an overview of the top five reasons for rejection of formation or qualification documents. 1. Name is Not Available A new business name must be unique. When a Read More Posted in Corporate
Technology Drives New State Certification Techniques Posted on July 3, 2015 by Has this ever happened to you? As part of a routine due diligence investigation, you order a certified copy of an entity’s articles of incorporation. When you receive the document back from the filing office or your service provider, you cannot determine if what you are holding is a certified document or not! This is Read More Posted in Corporate
