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

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

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

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 

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


A Partnership Paired for Excellence

Susan Hogan is the owner of Green Tomato Foods, located in the State of California. Like a true entrepreneur, Susan’s Salsa started out as something she would create in her own kitchen for parties, gatherings, and gifts. Her Salsa – fresh, flavorful, and unique, immediately became a favorite of everyone.

As time progressed, requests for Susan’s Salsa turned into more than a hobby and Green Tomato Foods was born.  Susan’s Salsa was popping up on shelves in the Supermarket and Gourmet Food stores. As the owner of a growing business Susan was looking for a service company to handle her Registered Agent needs in the State of Washington.When she contacted CORPSMART™ she said she “really liked the girl that she spoke with and was impressed by her knowledge”. That girl happens to be Cheryl Westby our Registered Agent guru with 20+ years of Registered Agent experience.

Appointing a Registered Agent is a statutory requirement to do business in most states throughout the United States. A Registered Agent is responsible for receiving your important documents i.e. state notices and service of process.  At CORPSMART™ we specialize in the search, filing and retrieval of public records in the United States and abroad. Those in business know that finding the right resources when it comes to navigating the many twists and turns of State & Government Agency requirements can make the world appear rather large and daunting. Every State, County, Parish, Borough and City has their own set of rules and regulations, so picking a knowledgeable, reliable service company, such as CORPSMART™, is your best choice in making sure you are always in compliance.

Susan’s company specializes in Salsa and Cooking Sauces, and having tried them ourselves the CORPSMART™ team can say they are to die for. They come in a variety of heats and are all natural – we are particularly fond of the Mango Salsa. If this article has you drooling, visit the Green Tomato Foods website at to see all of the varieties available. Susan’s Salsa is the best there is!

If you are building your own dream and want a steady partner to guide you through your corporate compliance needs, contact the CORPSMART™ team at 800-737-8012 or visit our website at