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The History Of The UCC

The History of the UCC

In 1942, a group of legal scholars began work on one of the longest and most comprehensive sets of uniform laws in the United States: the Uniform Commercial Code (UCC). Two organizations, the American Law Institute, which also developed the…

State Registration And Jurisdiction

State Registration and Jurisdiction

A federal district court in Illinois recently held that a corporation that has registered with the state but employs a handful of workers who work from home in Illinois has no “regular and established place of business” and cannot be…

The Benefits Of Filing Your Clients’ Annual Reports Early

The Benefits of Filing Your Clients’ Annual Reports Early

Most businesses are required to file annual or biannual reports with the state’s regulatory body that oversees businesses, a task that generally falls to legal counsel or the company’s accounting team. These documents typically provide an update on information such…

Annual Reports: When You Fail To File On Behalf Of Your Clients

Annual Reports: When You Fail to File on Behalf of Your Clients

When a business entity fails to file its annual report, the state’s secretary of state or business entity regulator can begin the process of “administrative dissolution.” This means the administrator takes away the powers, rights, and legal authority of the…