Effective September 1, 2025, Texas House Bill 346 introduces several new initiatives to streamline business filings and support veteran entrepreneurs. Key provisions include: Texas Expedited Business Filings The Texas Secretary of State will soon offer expedited processing for select business…
Author: Erin Sierchio
Stay informed on the latest industry news and jurisdictional updates with Parasec’s newsletter. In this issue, explore updates from Colorado, Delaware, Idaho, and beyond. Learn about topics impacting credit unions, registered agent requirements, and UCC filings.
To better protect Arizona business owners and prevent fraudulent filings, the Arizona Corporation Commission (ACC) has voted to adopt four new policies aimed at verifying filer identity, clarifying signing authority, and ensuring the legitimacy of active LLCs. Here’s what business…
Delaware businesses now have more time to prepare for upcoming changes to the state’s trade name registration process. With the passage of House Bill 177 (HB 177), the effective date for House Bill 40 (HB 40) has moved from June…
Effective July 1, 2025, significant changes to registered agent requirements will go into effect in Colorado. These updates—introduced through House Bill 24-1137—aim to reduce fraudulent business filings and improve the accuracy of business records. However, they also create new responsibilities for…
Stay current on the latest industry news and jurisdictional updates with Parasec’s newsletter. In this issue, find updates from California, Delaware, Florida, FinCEN, and more.
On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) announced a major shift in beneficial ownership reporting under the Corporate Transparency Act (CTA). Effective immediately, U.S. companies and individuals are no longer required to submit beneficial ownership information (BOI)…
If your business operates in Delaware as a Limited Liability Company (LLC), Limited Partnership (LP), or General Partnership (GP)—whether domestic or foreign—you must comply with the state’s alternative entity tax requirements. Each of these entities is required to pay an…
The filing window for Rhode Island annual reports is open. All businesses registered with the Rhode Island Department of State must file their annual reports between February 1 and May 1 to maintain compliance and good standing. Who needs to…
On March 2, 2025, the Treasury Department announced a significant shift in the enforcement and scope of the Corporate Transparency Act’s beneficial ownership information (BOI) reporting requirements. Key takeaways: – Treasury will not enforce any penalties or fines related to BOI reporting…