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.
Qatar Excise Tax Law
Signed on December 13, 2018 which has been in affect since January 1, 2019, Qatar Law 25/2018 has offered some exemptions from excise tax but under certain conditions. Similar to the other Gulf Cooperation Council (GCC) countries, the businesses that import, produce or store “health-damaging” or “special purpose” goods such…
Amendment to Austrian UBO Register
Starting January 10, 2020 as part of the EU Financial Adaptation Act 2019, the amendment of Austrian law about the register of Ultimate beneficial owners will take effect. This amendment provides for the 5th Anti-Money Laundering directive along with enhancing the user experience of the register. Now available to…
Year End Due Diligence Packages
It’s important to enter the new calendar year knowing you’re in good standing, or maybe a new transaction is on the horizon for your client. Take advantage now of these comprehensive due diligence packages in the United States and Canada. United States- Due Diligence Package Includes: State…
Illinois is Offering a Corporate Tax Amnesty Program
Running from October 1st until November 15th, 2019, the Illinois Department of Revenue is running a new amnesty program. All taxes paid to the Illinois Department of Revenue for taxable periods ending after June 30, 2011, and prior to July 1, 2018, are eligible for amnesty with relief from penalties…
Important update for Cayman Islands Companies
Becoming effective on October 1, 2019, the registrar of the Cayman Islands can now make certain information about companies in the Cayman Islands publicly available. The names of directors and alternate directors are now available to any person for a fee. However, the information is limited to the names of…
The Marshall Islands | Why Redomicile?
Many Jurisdictions have made changes to their corporate laws to the detriment of the corporate user, such as assessing a corporate tax, requiring an increase in the number of directors, implementing mandatory corporate filings, or eliminating corporate confidentiality. Furthermore, the political instability of some jurisdictions has made it impractical to…