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Parasec Alert

January 2015 - March 2015

Arizona: Entity Restructuring Act

Arizona Senate Bill 1353 (SB 1353) establishes the Arizona Entity Restructuring Act, which applies to all entity types.

California: Changes to Fictitious Business Name Statements

The Los Angeles County Registrar/Recorder County Clerk’s Office will now require a notarized Affidavit of Identity form to be filed with every Fictitious Business Name Statement.

California: Businesses Required to Electronically File Tax Returns

Effective January 1, 2015, California Assembly Bill 2754 (AB 2754) requires business entities to electronically file (e-file) their tax returns for taxable years beginning on or after January 1, 2014.

California: Changes to Flexible Purpose Corporations

Back in 2011, California passed the Corporate Flexibility Act establishing the flexible purpose corporation (FPC), a corporate form that emphasizes a special purpose mission.

California: Changes to Notary Certificate Language

Effective January 1, 2015, notaries are required to include a specific consumer notification statement on acknowledgements, jurats, and all proof of execution documents.

California: Changes to Existing Forms

As of January 1, 2015, the California Secretary of State (CA SOS) implemented several changes to existing forms pertaining to business entities filed with the CA SOS office.

New York: Changes to Determining the Correct Name of an Individual Debtor

With Assembly Bill 9933 (AB 9933), New York is the latest state to enact the 2010 Amendments to the Uniform Commercial Code (UCC) Article 9.

Various States: Benefit Corporations

Effective January 1, 2015, Arizona, Minnesota and New Hampshire were all added to the growing list of states that will now allow the formation of benefit corporations (also known as B corporations or B Corps).

 

 

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