Blog

Client Testimonial: We are in this together!

As we are being forced to face this new reality, it’s important to remember that we are all in this together. As a 100% employee-owned company, each member of our team is personally invested in the success of our clients—now…

Corporate, LLC and Estate Planning Kit Notice

Unfortunately, our corporate kit manufacturer has been deemed a nonessential business and has been ordered to cease production for the time being. As such, they will be unable to manufacture kits until such time that it is deemed safe to…

Parasec Update: We’re here to help!

Amidst the disruption and uncertainty that COVID-19 is causing, please rest assured that the Parasec team is still available and ready to assist you. Our office hours remain unchanged at this time, with representatives available from 5:30am PST to 5:30pm…

Illinois: Corporate Diversity Report Card

Illinois House Bill 3394, approved by Governor Pritzker in August 2019, is intended to collect and study data regarding female and minority board information for publicly held domestic or foreign corporations. The original bill would have mandated minority representation for…

California: FTB Pending Administrative Termination Notice

The California Franchise Tax Board (FTB) has posted a list of domestic stock corporations currently facing administrative termination. The list can be found on the California Secretary of State’s website effective today (January 17, 2020). If these entities do not…

Nevada: Publication Requirement Reminder

Each foreign corporation in the State of Nevada is required to publish a statement of its last year’s business in a Nevada newspaper pursuant to Nevada Revised Statute 80.190. The law requires that the statement appear in two issues of…

Alabama: Misleading Letter Targets Business Community

Alabama Secretary of State John H. Merrill has issued a warning regarding misleading letters that are targeting businesses across the state. The letters are being sent by an entity called AL Certificate Service, which is not associated with any state…

New York: Women on Corporate Boards Study

On December 30, 2019, Governor Andrew M. Cuomo signed into law Senate Bill 4278 (Chapter 747) which enacts the “women on corporate boards study.” The legislation requires the New York State Department of State, in collaboration with the Department of…