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INDUSTRY NEWS

UPCOMING EVENTS

Industry News

California: FTB Nonprofit Administrative Dissolution/Surrender Notice

Beginning on March 1, 2017, the California Franchise Tax Board (FTB) initiated the first FTB Nonprofit Administrative Dissolution/Surrender Notice period, wherein nonprofit corporations that have had their rights and privileges suspended or forfeited by the FTB for a period of 48 continuous months or more will be administratively dissolved. A list of the nonprofit corporations pending dissolution/surrender is posted on the California Secretary of State website. Each entity included on the list has 60 calendar days (from the date the notice was posted) to object in writing before it will be permanently administratively dissolved/surrendered.


California: Changes to Articles of Incorporation – General Stock and Articles of Organization Forms

The California Secretary of State recently made some changes to the “Service of Process” section on the Articles of Incorporation – General Stock and Articles of Organization forms. The revision was made to clarify the requirements for providing either the name and California street address of an individual agent for service of process or the name of a registered corporate agent. For more information on these changes or for assistance filing your articles, give us a call at 800.533.7272.

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California: Santa Clara Court to Trim Hours on Fridays

Santa Clara County Superior Court is slated to reduce the hours of its civil clerk's office in San Jose as a result of continuing cuts to the State Judicial Branch Budget. The court's current office hours are Monday through Friday 8:30 a.m. to 3 p.m.; however, beginning Friday, May 5, 2017, and effective every Friday thereafter, the new hours will be 8:30 a.m. to 12 p.m. For more information, please check the Superior Court website at www.scscourt.org.

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Colorado: Fee Change for Out-of-State Businesses Looking to Withdraw

Effective April 1, the fee charged to out-of-state entities that want to withdraw from doing business in Colorado was lowered from $125 to $10. The recent fee change follows a similar reduction implemented last October for dissolving in-state businesses, which saw the price drop from $25 to $10.

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Nevada: Changes to Apostille/Certification Form

Effective May 1, 2017, the Nevada Secretary of State will no longer process authentication requests without the new Apostille/Certification Order Instructions form completed with the applicant’s signature under the affidavit in the top box. Any apostille request submitted without this signed form will be returned. Furthermore, the state will require the original signed form with a "wet" signature. For more information, please reach out to our apostille and legalization team at apostilles@parasec.com.

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Nevada: IRS Scam

The Nevada Secretary of State (SOS) recently issued a scam alert involving the fraudulent use of a document altered to appear to be an official certificate issued by the SOS. The scam requests the recipient pay “IRS tax fees” in order to receive “winning money” from the Internal Revenue Service (IRS). If you need assistance verifying the authenticity of any official-looking documents you receive, do not hesitate to call us at 888.972.7273. We can help determine the legitimacy before you take action.

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Various States: Annual/Biennial Report Due Dates

The states listed below have annual reports due in the coming months. Don’t miss a deadline or you may be subject to hefty penalties and reinstatement fees. For assistance maintaining your annual report compliance, inquire about our managed annual report services. Email us at annualreports@myparacorp.com for more information.

  • APRIL
    • April 1 – DC: All entity types (biennial report); GA: All entity types; NE: Non-profits & LLCs; NH: Corporations & LLCs; ND: LPs; WV: LLCs
    • April 15 – MD: All entity types; MS: Corporations & LLCs; MT: All entity types; NC: Corporations & LLCs;
  • MAY
    • May 1 – AR: Corporations, LLCs & LPs; FL: All entity types
    • May 15 – MI: Corporations; ND: Foreign corporations
  • JUNE
    • June 1 – DE: LLCs (Franchise Tax payments) & LPs; ME: All entity types
    • June 30 – DE: Foreign corporations; KY: Corporations, Non-profits & LLCs; RI: Non-profits

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Wyoming: Changes to Notice Requirements Relating to Business Entities

Effective July 1, 2017, Wyoming House Bill 0023 permits the Wyoming Secretary of State (WY SOS) to send notices via first class mail and/or electronic means—including email—rather than by certified mail. Additionally, the bill allows the WY SOS to return rejected documents within 15 days instead of five days, and eliminates the publication of notice that a LLP’s registration has lapsed. To read the bill in its entirety, click here.

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Upcoming Events

Parasec Takes to the Streets

Below are some of the events where you can find us in the coming months.

  • May 12 – Arizona Paralegal Association's 2017 Annual Legal Conference and 40th Anniversary Celebration; Phoenix, AZ
  • May 12 – WealthCounsel Illinois Forum Symposium; Medinah, IL
  • May 24 & 25 – Illinois Institute for Continuing Legal Education; Chicago, IL
We welcome any input you may have about what would make our newsletter more meaningful for you. Please email us your comments and/or suggestions! parasec@parasec.com.

[More On the Web]

Matthew Marzucco, President of Parasec, blogs here.

Communications Supervisor Erin Sierchio tweets for Parasec here.

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A note from Matt

A NOTE FROM MATT
President

As part of our efforts to provide employees with ongoing training, mentoring and coaching, Parasec has recently launched an internal university program. Our goal is to deliver consistent career-development support by offering a variety of learning opportunities that are both interesting and useful. We firmly believe that by making our employeetraining program a priority, our clients will benefit from working with the best and the brightest specialists that our industry has to offer. As an employeeowned company, every member of our team has a vested interest in delivering the best service and products we can, and we owe it to our staff to take the time to prove we are devoted to their individual success as well. We're confident that our commitment to our staff will prove rewarding to both our company and our clients—and we hope you find the same to be true.