Uniform Commercial Code (UCC) filings are complicated and contain a plethora of nuances that can cause frustration for even the most experienced legal professionals. Subtle errors when filing can lead to unperfected security interests, posing tremendous risk to the clients
UCC 101: The Basics of UCC Searching and Filing
Uniform Commercial Code (UCC) filing, searching and monitoring can be complicated between debtor name variation, search logic differences, and various filing procedures. But filing, searching and monitoring properly can ensure your security interests remain perfected. Getting and staying organized, paying
Jurisdictional Updates 9-2-2021
Arizona – Senate Bill 1230 (Chapter 309) signed by the governor May 3 and effective 91 days after adjournment (projected as May 28) revises the Limited Liability Act relating to operating agreements, disassociation of a person from the LLC and
Critical Distinctions in Nevada Corporate and LLC Law
Nevada and Delaware are among the most popular destinations for businesses choosing to incorporate outside their home state. In this webinar, we’ll highlight some meaningful differences between Nevada and Delaware corporate law and demonstrate how Nevada is not the “Delaware of
Updates to Nevada business law now available
Nevada legislators voted in the state’s 81st legislative session to expand the scope of permitted forum selection clauses in a corporation’s articles of incorporation or bylaws, which could have the result of permitting a corporation’s articles or bylaws to require
Wyoming is the first state to recognize Decentralized Autonomous Organizations
Wyoming lawmakers approved a DAO Supplement to the state’s LLC Act during the 2021 session authorizing and providing a business structure to decentralized autonomous organizations (DAOs), the first such law in the nation. The new law, effective as of July
Virginia aligns alternative entity filings with filings for corporations
The Virginia Assembly amended the state’s business laws during the 2021 session to align alternative entity filings with comparable filings for stock corporations. The changes came in the wake of a comprehensive update of the Virginia Stock Corporation Act during
Jurisdictional Updates 8-26-21
Colorado – Secretary of State Launches New Website Domain The Secretary of State’s office launched a new website domain – www.coloradosos.gov – which makes it more difficult for malicious actors and scammers to co-opt government websites and is part of
Georgia legislators approve new provisions for remote meetings and a new tax option
Georgia legislators approved several statutory changes during the 2021 legislative session, including new provisions that allow for remote meetings and a new tax option for privately owned S-corporations that could reduce their federal tax liability. A new provision allows Georgia
Jurisdictional Updates 8-23-21
Illinois – Amendments to Limited Worker Cooperative Associations Act House Bill 3577 (Public Act 351) signed by the governor August 13 and effective July 1, 2021 provides for filings and annual reports by Limited Workers Cooperative Associations to be filed