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Parasec Alert

July 2015 - September 2015

Arkansas: Nonprofit Annual Reports Due

All nonprofit corporations registered in Arkansas must submit an annual report to the Secretary of State’s office by August 1 each year. There is no fee associated with the form.

Bolivia: Embassy Fee Increase

Back in April of this year, the Embassy of Bolivia increased its document filing fee from $85 to $150 per document.

Cuba: Cuban Interest Section in USA

Earlier this year, the U.S. Department of State announced that Cuba is no longer a state sponsor of terrorism, paving the way for the re-establishment of diplomatic relations and the opening of embassies. As such, Parasec can now offer legalizations via the Consulate Section of Cuba in Washington D.C.

Delaware: Corporate Division System Conversion

The Department of State Division of Corporations office will be closed in early September while it completes a major upgrade to its computer platform. The office will close on Thursday, September 3, 2015 at 4:30 p.m. and will not reopen until Tuesday, September 8, 2015 at 8:00 a.m.

Indiana: Business Entity Law Changes

Implemented for a July 1, 2015 release, Senate Bill 487 makes various changes to Indiana code concerning business entity laws.

Mississippi: Limited Partnership Changes

Earlier this year, Mississippi Governor Phil Bryant signed into law Senate Bill 2310, which becomes effective July 1, 2015.

North Dakota: Domestic Corporation Annual Reports Deadline

Annual reports for domestic corporations are due on or before August 1, 2015. If a corporation does not file an annual report by the required date, state law requires the Secretary of State to revoke the corporate charter or authority one year after the report is due.

Pennsylvania: Changes to Business Law

On July 1, 2015, Pennsylvania’s new “Association Transaction Act” will make significant updates to the Pennsylvania Consolidated Statutes, modernizing the law on corporations and unincorporated associations (Title 15) and entity names (Title 54).

Various States: Benefit Corporations

Effective July 1, 2015, Idaho, Indiana and Montana will be added to the list of states that allow the formation of benefit corporations, as well as enable existing corporations to elect to become benefit corporations.

Various States: Upcoming Holiday Closures

Listed in this article are the state government closures scheduled for July, August and September.

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