South Carolina – Legislation Standardizes Business License Tax
House Bill 4431 signed by the governor and effective September 30 enacts the Business License Tax Standardization Act.
UCC Experts Corner: Court Refuses to Order Expungement of False Financing Statement
The filing of false or fraudulent Uniform Commercial Code (UCC) financing statements has long been a problem. Although the number of such records filed is relatively small, they can have a serious impact on the victim named as debtor. These false financing statements are used to intimidate, harass, or defraud another party. The victims are often government officials or those involved in legal proceedings against the filer, such as prosecutors, judges, and foreclosing creditors.
Simplify Your Insurance Industry Licensing Process
Managing the intricacies of insurance industry licenses can be overwhelming. Companies often spend hours navigating compliance requirements and activities like adjustments, appointments, third-party administrator licenses, and filing surplus lines. With many employees continuing to work remotely, having centralized processes and
Federal – Procedural Notice Posted for the Paycheck Protection Program
The Small Business Administration (SBA) on October 2 posted guidance to Paycheck Protection Program (PPP) lenders with respect to their decisions to consent to transactions involving “changes of ownership” of PPP borrowers.
Alabama – Revenue Tax Licenses to be Renewed Annually Beginning November 1
The Department of Revenue posted an October 1 notice that taxpayers will be required beginning November 1 to renew the Alabama tax license annually on the My Alabama Taxes website https://myalabamataxes.alabama.gov/_/.
New case law and statutory amendments for Florida
In the wake of its overhaul of the Florida Business Corporation Act last year, the Florida Legislature has added or amended more than 80 sections to the Act during the 2020 Florida Legislative Session. These changes are captured in the
California – New Reporting Requirements for California Companies Effective after 2021 Fiscal Year End
Assembly Bill 979 signed by the governor and effective September 30 requires public companies incorporated or physically located in California to report to the Secretary of State within 150 days after the end of their 2021 fiscal year the number of
CLE Webinar: First State Update: 2020 Case Law Developments and Updates to Delaware’s LLC Act
The Delaware limited liability company (LLC) continues to be one of the most popular business entities globally, in no small part due to the contractual freedom and flexibility afforded under the Delaware Limited Liability Company Act. Join us as we
Arizona – Corporation Commission Posts Consumer Alert about Changes to LLC Act
The Arizona Corporation Commission posted a consumer alerts notice that two changes under the 2019 LLC Act to be effective September 1, 2020 will not be implemented until November 1. All LLCs formed in Arizona will receive a perpetual duration,
Briefly Speaking: UCC Article 9 Filing Essentials – Post-Filing Considerations
A secured party cannot relax after it perfects its security interest by filing a UCC financing statement. Ongoing diligence is essential, because subsequent events that affect the information provided in the filed financing statement could threaten the secured party’s ability