Month: July 2016

New requirements in Iowa House Bill 2373 may affect your business:

Effective Date: July 1, 2016

• Per the new bill, domestic and foreign LP’s are now required to have a Registered Agent (RA) for Service of Process
• The RA must be a resident of Iowa or authorized to do business in the state of Iowa
• LP’s that are currently registered with the Iowa SOS must designate a RA on their next biennial statement

SOURCE: https://www.legis.iowa.gov/docs/publications/LGE/86/HF2373.pdf

These changes in Nebraska House Bill 758 may affect your business:

Effective Date: July 21, 2016

 

These changes in Colorado House Bill 16-1330 will allow a correction statement filing and may affect your business:

Effective Date: September 4, 2016

Details about delivering to the secretary of state, a statement of correction filing:

• You may file to revoke a filed document that was delivered to the secretary of state for filing in error.
• A statement of correction is effective on the effective date of the filed document it corrects or revokes.

SOURCE:http://www.leg.state.co.us/clics/clics2016a/csl.nsf/fsbillcont2/C012FCA3228C153C87257F4F00557C91/$FILE/1330_enr.pdf

These changes to Arizona internal governance of corporations may affect your business:

Effective Date: August 6, 2016

• The period for disclosure of felony convictions for fraud in the Certificate of Disclosure is changed to five years instead of seven.
• The foreign corporation is required to provide the address of its principle office in its state of incorporation, or, if none, the corporation must provide the street address of its registered agent in the foreign jurisdiction.
• Par value of shares is no longer required on the application for authority.
• The bill eliminates the application of Authority. The bill clarifies that both certified copies from the foreign jurisdiction and articles of amendment will be required if the corporation changes its name, duration, or domicile, or if anything on the original Application was inaccurate when filed.
• The bill creates a right of action that the corporation or LLC, its creditors, and shareholders or members, may exercise against any person that authorizes or signs a document delivered for filing with the A.C.C. that the person knows contains false or misleading information. The prevailing party may be awarded reasonable attorney fees.

SOURCE: http://www.azleg.gov/legtext/52leg/2r/bills/sb1356p.pdf

Contact your CLASCORP™ representative for further information at 800-737-8012 or orders@clascorp.com.

These changes to Alabama tax credit for small businesses may affect you:

Effective Date: July 25, 2016

House Bill 36, effective July 25, 2016, enacts the Alabama Small Business and Agribusiness Jobs Act, which enacts a tax credit for small businesses that create jobs meeting specific criteria during a given tax year. The tax credit will expire on January 1, 2019 unless legislature extends it.

SOURCE:http://alisondb.legislature.state.al.us/ALISON/SearchableInstruments/2016RS/PrintFiles/HB36-enr.pdf

These changes to Indiana Business and Association Law may effect your business:

2016 Indiana House Bill 1336

• Requires that an application to reserve or renew a reservation of a name and a notice of transfer of a reserved name must be filed with the secretary of state electronically and makes the corresponding changes to the fees.
• Establishes requirements concerning plans or filed documents that include terms that are dependent on facts objectively ascertainable outside the plan or filed document for limited liability partnerships, limited partnerships, nonprofit corporations, and limited liability companies.
• Provides that the name of a limited liability company must be distinguished from the name of any limited liability company or other business entity reserved or organized under the laws of Indiana or authorized to transact business in Indiana. (Current law requires that the name must be distinguished from any limited liability company or other business entity reserved or organized under the laws of Indiana or qualified to transact business as a foreign limited liability company in Indiana.)
• Allows limited liability companies to organize as series limited liability companies.
• Adds a fee for filing: (A) articles of organization for a master limited liability company; (B) applications for certificate of authority series; and (C) articles of designation.

SOURCE: http://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+CHAP0288

Contact your CLASCORP™ representative for further information at 800-737-8012 or orders@clascorp.com.