Category: Uncategorized

Effective January 1, 2018

Nevada Assembly Bill 423 enacts that the Secretary of State shall work in consultation with the Nevada Commission for Women to design and conduct an annual survey of businesses in this State for the purpose of collecting data and information related to issues of gender equality in the workplace. The survey shall be offered through the state business portal at the time the business submits an online application or renewal for a state business license. The Secretary of State shall make the voluntary responses electronically available and searchable on the Internet website of the Office of the Secretary of State and shall annually compile the responses into a report and submit the report to the Governor and to the Director of the Legislative Counsel Bureau.

For more information or assistance in filing in Nevada, contact the CORPSMART™ team at 800-737-8012.

Effective October 1, 2017

Nevada Senate Bill 41 will enact new legislation that changes the compliance requirements for business entities and registered agents.  This legislation, entitled Senate Bill 41 (SB41), makes changes to the record keeping requirements for LLCs and LPs (ULPA only).

The Secretary of State may conduct periodic, special or any other examinations of any records required to be maintained pursuant to this chapter or any other provision of NRS pertaining to the duties of a registered agent as the Secretary of State deems necessary or appropriate to determine whether a violation of this chapter or any other provision of NRS pertaining to the duties of a registered agent has been committed.

Upon the request of the Secretary of State, a limited liability company shall provide the Secretary of State with the name and contact information of the custodian of records, if different from the registered agent for such company.

Each limited partnership shall continuously maintain a principal office in this State, which may but need not be a place of its business in this State, or a custodian of records whose name and street address is available at the limited partnership’s registered office. A limited partnership shall maintain at its principal place of business in this State or with the custodian of records a current list of the full name and last known business address of each partner, separately identifying the general partners in alphabetical order and the limited partners in alphabetical order.

For more information or assistance in filing in Nevada, contact the CORPSMART™ team at 800-737-8012.

Effective October, 1 2017

Nevada Assembly Bill 123 revises provisions governing initial and annual lists and revises provisions relating to a series created by a limited-liability company.

Each new business entity subject to Title 7 of the Nevada Revised Statutes shall file an initial list at the time of filing its organizational documents. If an amended list is filed within 60 days after the initial list is filed, the business entity shall not be required to pay a fee.

If the articles of organization or operating agreement of a limited-liability company creates one or more series, the registered agent of the company shall be deemed to be the registered agent for each series of the limited-liability company. Each series may be served with any legal process, notice or demand required or authorized by law by serving the registered agent of the limited-liability company which authorized the creation of the series.

For more information or assistance in filing in Nevada, contact the CORPSMART™ team at 800-737-8012.

Effective July 1, 2017 

Nevada Assembly Bill 6 removes an exemption from the requirement to obtain a state business license for businesses whose primary purpose is to create or produce motion pictures.

For more information or assistance in filing in Nevada, contact the CORPSMART™ team at 800-737-8012.

Effective July 1, 2017 

Mississippi Senate Bill 2327 was signed by Mississippi Governor Phil Bryant on March 8, 2017. MS SB2327 amends the requirements for conversion and domestication. The bill makes the following amendments:

• Adds a director of a domestic or foreign corporation as an individual authorized to sign a conversion or domestication
• Requires a correction to a filed document be made within 120 days of filing
• Restricts a charitable organization as defined in Section 79-11-501 from converting under Article 4 of this section
• Requires a copy of the filed domestication documents from the new jurisdiction as an attachment if the domesticated entity is a foreign entity
• Requires a certificate of good standing or certificate of existence from its jurisdiction of formation that is issued less than one hundred eighty (180) days before filing if the domesticated entity is a domestic entity

 

For more information or assistance in filing in Mississippi, contact the CORPSMART™ team at 800-737-8009.

 

You’ve built an expansive company, but what about the ongoing compliance requirements? If you have a business that is growing, make sure to follow our guidelines ensure that your company remains compliant throughout the life of your entity.

Tips for complying with ongoing responsibilities 

• File Annual Report
• File and Pay Franchise Tax
• File Federal and State Tax Returns
• Renew Business Licenses and Permits
• Renew Assumed Name or DBA Registration
• Independent Director or Corporate Staffing (if needed)

Tips for changing entity structure

• Conduct name availability check (if changing name)
• File name reservation/registration (Corp.) or Articles of Organization (LLC)
• File application for conversion (if changing entity type)

Tips for changing Registered Agent

• Changing your Registered Agent? File Notice of Change of Agent

Tips for proving corporate existence for business transactions

• Obtain certificate of Good Standing
• Obtain Apostille (if required for foreign country business transactions)
• Obtain certified copy of Formation Documents

When growing your business, focusing on the ongoing compliance requirements can we daunting. Trust the experts at CORPSMART™ to walk you through the process. We will handle your ongoing filings with ease and act as a source for your business compliance questions. Contact the CORPSMART™ team at 800-737-8009 or via email at orders@corp-smart.com.

Credit reporting agencies to exclude information from credit reports including tax lien and civil judgment data that is important to you. Visit the following links to read more and contact the CORPSMART™ team at 800-737-8009 to inquire about our lien searching services.

FORBES – Credit Scores Will Improve as Credit Reports Exclude Negative Information

CONSUMERIST – Credit Reports Soon Won’t Include Some Tax Lien, Civil Judgment Data

USA TODAY – Consumer Credit Scores to Exclude Some Debts, Liens Starting July 1

 

Effective July 1, 2017 // Becomes operative January 1, 2018

Oregon House Bill 2191 authorizes Secretary of State to investigate alleged or potential violations of business entity statutes and to require business entity to provide list of shareholders and respond to interrogatories. Permits Secretary of State to impose penalties, cancel or revoke incorporation or dissolve business entity that violates statutes or fails to cooperate with investigation. Permits Department of Revenue to recommend dissolution of business entity that fails to comply with tax laws of state, but not if department has allowed appeal of business entity’s tax liability or if appeal is pending. Subjects directors, officers, employees, members and managers of shell entity to claim for damages from person that suffers ascertainable loss of money or property resulting from knowing dissemination of materially false statement concerning certain aspects of shell entity’s finances and operations. Specifies information concerning street address of business entity and name and address of director, controlling shareholder, member or manager that must appear in articles of incorporation or articles of organization for business entity. Permits court to dissolve business entity that court finds was shell entity that was used, incorporated or organized for illegal purpose, to defraud or deceive another person or to conceal business activity from another person or governmental agency. Permits Attorney General to bring action for dissolution and specifies elements of prima facie showing. Specifies effects of finding that business entity is shell entity. Specifies that principal office of business entity incorporated or organized in this state or authorized to transact business in this state must have physical street address that may not be commercial mail receiving agency, mail forwarding business or virtual office. Permits department to disclose certain information from taxpayer return to Secretary of State for purposes of initiating or supporting recommendation for administrative dissolution of business entity that fails to comply with applicable tax laws of state. Becomes operative January 1, 2018. Declares emergency, effective July 1, 2017.

 

Status: In session 2017 – 2018

North Carolina S114 Act to revise the laws governing the submission of annual reports by various business entities to the secretary of state; conforming the treatment of leasehold interests in exempt property to that of other types of intangible personal property for purposes of the property tax; and creating the criminal code recodification commission. House Bill 5647 and Senate Bill 618, amend the nonprofit corporation law by substituting the supporting document to be filed upon foreign qualification froma copy of the corporation’s charter to a status certificate (e.g. Certificate of Existence).

Stay connected with the CORPSMART™ team to get the latest news regarding your Annual Report filing requirements in NC.