Unisearch Holiday Closings

All offices of Unisearch will be closed on Monday, December 25th and Monday, January 1st.  Unisearch wishes our clients and employees a safe and happy holiday season and a peaceful and prosperous new year!

Indiana - Uniform Business Organizations Code and the Uniform Business Organization Transactions Act

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.

 

https://iga.in.gov/legislative/2017/bills/senate/443#document-ca0e392c

 

Minnesota Revised Uniform Limited Liability Act

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 The old law is repealed effective January 1, 2018 at which time the new law will govern all LLCs.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/

Fee Increase for Document Recordings in California

California Senate Bill 2 was signed into law by Governor Jerry Brown on September 29, 2017 and will take effect January 1, 2018. It creates a $75 fee on certain real estate transaction documents when they are recorded, capped at $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.

North Carolina - Assumed Name Expiration

Per NC House Bill 228, Certificates of Assumed Name filed before December 1, 2017 will have an expiration date of December 1, 2022.  A new certificate must be filed to continue using the name.  Certificates of Assumed Name filed on or after December 1, 2017 will not expire.

Washington State Annual Report Filing Changes

The Washington State Business Licensing Services (BLS) and Secretary of State have advised that, effective January 1, 2018, primary administration of business corporation and LLC Annual Reports is being transferred from the BLS to the Secretary of State.  Reporting electronically will still be permissible with either agency.  However, filing with the BLS will still incur an additional $11 handling fee while filing with the Secretary of State will not.  Paper filings will have to be filed with the Secretary of State after the effective date.

After the effective date, the Secretary of State will send notifications to file to entities’ registered agents approximately 60 days in advance of the due date.  The due date will remain unchanged: on or before the last day of the entity’s anniversary date of formation or registration in the state.

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