2018 February Holiday Closings, by Jurisdiction

Please take note of the following state holidays as closures could affect your time sensitive filings:

Monday, February 12th // Lincoln’s Birthday

  • Connecticut
  • Illinois
  • Missouri
  • New York

Tuesday, February 13th // Mardi Gras

  • Alabama
  • Louisiana

Monday, February 19th // Presidents’ Day

  • Nationwide & CORPSMART™ Closures

International holidays and closures: 

Thursday, February 15th – Wednesday, February 21st // Chinese New Year

  • China

What are your opinions of the newly proposed Washington legislation?


In Washington State, House Bill 2781 has begun moving forward and is scheduled for a hearing on Thursday, January 24th at 10am.

This new legislation will prevent any annual report filings including nonprofits to be filed with the Secretary of State; directing all annual report filings to be filed with Business Licensing. This could affect your business as it will cost more for all the companies to perform these filings. In addition, if the first bill fails, a second bill is behind it that will increase the cost of annual reports that do get filed with Business Licensing Services in an effort to make up some money.

CORPSMART™ will be attending the hearing and stakeholders are being encouraged to do the following:

  • Testify in opposition during the hearing on Thursday at 10:00 and send letters to your legislators including the bill sponsors
  • Should the bill advance out of the house be available to testify in opposition in the Senate
  • Encourage your colleagues and clients to also participate in opposing this bill



Proposed legislation:

If HB2781 were to become law, it would take all of the OSOS annual report duties and place them with the Department of Revenue – Business Licensing Service and would reinstate the $11 fee per transaction. In addition, this bill would add Nonprofit Corporations and Limited Partnership annual reports to the BLS filing process and fees. There are approximately 60,000 Nonprofit Corporations that file a $10 annual report each year. The new process would increase the cost of filing the annual report from $10 to $21 and could remove approximately $660,000 from the Washington State nonprofit community.


The ask:

We ask that you express opposition of this bill to your legislators. In addition we ask that you be available (or be represented) to testify in opposition should this bill move forward to a committee hearing.

HB 2781 was submitted by representatives Lytton and Ormsby of your legislative districts.

CA to Increase Real Estate Filing Fees

Effective January 1, 2018

California Senate Bill 2 creates a $75 fee on certain real estate transaction documents when they are recorded. The filing fees are not to exceed $225 per transaction. The fee does not apply to sales of residential and commercial properties, but instead to other transactions like mortgage refinancing and county fixture filings.

To learn more, visit https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180SB2

Or contact the CORPSMART™ team at 800-737-8012 for further information regarding your mortgage filing needs.

IL Filing Fee Reductions

Effective December 20, 2017

Illinois announces Limited Liability Company Filing Fees Reduced by New Law SB 867 – effective immediately – reduces filing fees for limited liability companies.

Illinois Secretary of State Jesse White is announcing that a new law reducing filing fees for Illinois Limited Liability Companies (LLCs) took effect today, immediately upon the signature of the governor. Senate Bill 867, sponsored by state Sen. Thomas Cullerton (D-Villa Park) and state Rep. Carol Sente (D-Buffalo Grove), amends the Limited Liability Company Act, reducing filing fees for LLCs.

“This is a business-friendly law that significantly reduces the cost of forming and maintaining a Limited Liability Company in Illinois,” said White. “My office has been given the task of administering these fee reductions with respect to transactions, whether done online, through the mail, or in person. We strive to provide the highest level of customer service for every filing method used.”

Each month the Secretary of State Business Services Department processes and files approximately 20,000 LLC annual reports and documents. For more information regarding the fee reduction or to form an Illinois LLC today, contact the CORPSMART™ team at 800-737-8012

Annual Report Requirements in Maryland

Effective January 1, 2018

Maryland will be separating the Annual Report and Personal Property Tax.

Return filings, which historically have been combined in Form 1. All business entities will still be required to file a two-page Annual Report, and directions within that document will determine whether or not they must also attach a Personal Property Tax Return. The majority of business owners—roughly 200,000—do not actually own any personal property and will not be required to complete that section.

For assistance in filing your annual report, contact the CORPSMART™ team at 800-737-8012.

New Year, New Filing Forms in Indiana

Effective January 1, 2018

Indiana is adopting the Uniform Business Organizations Code and the Uniform Business Organization Transactions Act.  A great number of technical changes have been made to the INBiz filing platform In order to accommodate the new requirements. The INBiz system will shut down starting at 11:30 p.m. EST on December 31, 2017 and is scheduled to be back up at 9:00 p.m. EST on January 1, 2018.

The Secretary of State’s office advises the following:

  • If you need an effective date of January 1, 2018 you must either submit your filing electronically prior to 11:30 p.m. EST, December 31, 2017, or submit your filing by paper with a future effective date.
  • State forms will be changing and we are working hard to make sure they are available.  All of the new and updated state forms will be online and publicly available on January 1, 2018.  You must submit the new updated forms on or after January 1, 2018.  Old forms are subject to rejection.

The following alert was sent to customers.

Senate Bill 443, effective January 1, 2018, enacts the Uniform Business Organizations Code and the Uniform Business Organization Transactions Act, governing various issues, including filings with the Secretary of State, names, registered agents, foreign entities, administrative dissolution, fees, mergers, interest exchanges, conversions and domestications for all business entity types.

to learn more, visit https://iga.in.gov/legislative/2017/bills/senate/443#document-ca0e392c

MN LLC’s Governed by New Law

Effective January 1, 2018

Minnesota enacted the Revised Uniform Limited Liability Act effective August 1, 2015. RULLCA  governed domestic and foreign LLCs formed or registered in Minnesota on or after the above date. Domestic and foreign LLCs registered before that date are governed by the old law until January 1, 2018. The old law is repealed effective January 1, 2018 at which time the new law will govern all LLCs.  This change is mandated by state law and requires no action by the LLC.

The SOS provides information on the upcoming change at http://www.sos.state.mn.us/business-liens/business-help/upcoming-llc-law-change/

IA to Increase Filing Fees

Effective January 1, 2018

Iowa SOS will increase the fees for UCC Filings and Biennial Report Filings as follows:

  • UCC Electronic Filings – the $5 fee will become $10
  • UCC Paper Filings:
    • For one or two pages – the $10 fee will become $20
    • For more than two pages – the $20 fee will become $40
    • Biennial Reports Electronic Filings – the $30 fee will become $45
    • Biennial Reports Paper Filings – the $45 fee will become $60

These fee increases are scheduled to return back to the lower previous fee amounts after five years.  The additional funds raised during this time will go toward funding business technology upgrades – interfaces and systems.

On 01/01/2018, the IA SOS will update the fees listed on their website and forms.

DE to Increase Franchise Tax Rates

Effective January 1, 2018

Delaware House Bill 175, Laws of 2017, has increased the following corporate franchise tax rates and amounts and statutory (business) trust fees, effective as noted below.

Franchise Tax

  • Delinquency fees from $100 to $125 (January 1, 2018)
  • Tax multiplier from $75 to $85 related to the authorized shares calculation (January 1, 2018)
  • Tax multiplier from $350 to $400 related to the assumed par calculation (January 1, 2018)
  • Minimum tax related to the assumed par calculation from $350 to $400 (January 1, 2018)
  • Excepted as below, maximum tax from $180,000 to $200,000 (effective for the tax year beginning January 1, 2017)
  • Creation of a new $250,000 maximum for certain publicly traded corporations effective for the tax year beginning January 1, 2017)

Statutory Trusts

  • Maximum fee for filing documents from $300 to $500 (August 1, 2017)

The Bill may be accessed at http://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=25780&legislationTypeId=1&docTypeId=2&legislationName=HB175 

TN Changes to Limited Partnerships

Effective date January 1, 2018

Tennessee Uniform Limited Partnership Act TN ULPA-2017 took effect and applies to limited partnerships formed in TN after January 1, 2018. Domestic LPs formed prior to January 1, 2018 that do not elect to be governed by the TN ULP-2017 will continue to be governed by Tennessee’s Revised Uniform Limited Partnership Act of 2001 (RULPA-2001), although any renewal of their term must be made under the new act. The TN ULPA-2017 also applies to foreign LPs that register in Tennessee after the effective date, as well as to foreign LPs that registered in TN prior to the effective date as of the due date of their next annual report.

Revised forms covering both the TN ULPA-2017 and the RULPA-2001 are being posted to the Tennessee Secretary of State’s website, and the TN SOS’s office has advised that it will stop accepting old forms.

For more information, visit https://sos-tn-gov-files.s3.amazonaws.com/forms/pc0440.pdf.