Updates to Gibraltar UBO Register
On March 13, 2020 Gibraltar changed the EU 5th Money Laundering Direction through the Proceeds of Crime Act 2015(Amendment) Regulations 2020. The transposition introduces a number of amendments to the UBO register. Three changes are worthy of a mention. The three considerable changes are that UBO’s have to provide reliable…
A message from our President & CEO regarding COVID-19
We here at IBCF want you to know that we send our fervent hopes that you, your families, coworkers and friends are all well and taking the necessary steps to stay healthy in these very challenging times. We also want you to know that regardless of the Covid-19 pandemic, IBCF…
Why International Companies And Foreign Individuals Choose To Form In Delaware
Are you a Non-US Citizen or a foreign company looking to expand into the United States? Delaware might be a good fit for you! To start, Delaware has a very long history of corporate friendly laws and a friendly corporate environment. Delaware offers numerous benefits in terms of convenience, tax…
LLC versus Corporation. Which is Better For Me?
A limited liability company, or “LLC”, is an unincorporated business entity which is a cross between a corporation and a partnership. Like a corporation, an LLC protects its members from personal liability for the debts and obligations of the company. Like a partnership, an LLC is typically formed by the…
International Jurisdiction Updates- COVID-19
Australia: Mostly all services all available through electronic methods. The ASIC remains closed, but has electronic capabilities. The country remains on lock down, and restrictions will slowly begin to be loosened. Belgium: Businesses were allowed to resume the week of May 4th. All Government agencies are now open,…
State Updates – COVID-19
ALABAMA State remains open with limited staff and resources; expect delays ALASKA Counter service has been suspended State remains open with limited staff and resources; expect delays Online service remains available Mail and UPS/FedEx requests are accepted ARIZONA Secretary of State counter service has been suspended (UCC, Partnerships, Apostilles, Notary,…
Florida House Bill 1009
Effective January 1, 2020, Florida House Bill 1009 makes many substantive changes to the Florida Business Corporation Act. Changes relate to name distinguishability, entity name reservation, filing corrections, domestication, and other topics. Please contact us for additional information…
VIRGINIA IS TRANSITIONING TO A NEW FILING SYSTEM
The Virginia Corporation Commission will be transitioning to a new website and online filing system on December 9, 2019. After the launch of the new system, business-specific PINs will be required to make changes for that business. A PIN for each active business entity will be mailed to the registered office address…
Oklahoma Introduces B-Corps
Effective starting November 1, 2019, new businesses, as well as existing business in Oklahoma are eligible to become Benefit Corporations. The businesses that choose to become a B-Corp will provide a general and specific public benefit define under the Oklahoma Corporations Act. For more information on this or to…
Illinois Senate Bill 2992
Effective January 1, 2020, amends the business corporation, not for profit corporation, LLC, LLP, and LP laws regarding the Secretary of State’s duties to inform the state Commerce Commission of those entities that were administratively dissolved or revoked.