Hello, and welcome to the Parasec blog.
At Parasec, our objective has always been to deliver unparalleled customer service and high-quality work to our clients. Since 1977, our clients have come to rely upon our expertise, speed and extensive industry knowledge. The Parasec blog contains posts on various aspects of the public records research industry as well as other news that may be of interest to our clients. We hope you find it helpful. Thanks for reading.
If you are interested in subscribing to our e-newsletter, The Alert, or are looking for old editions of the publication please go here.
This weekend, the Financial Crimes Enforcement Network (FinCEN) released a statement about the nationwide preliminary injunction that is temporarily stopping the enforcement of the Corporate Transparency Act (CTA). A recent federal district court order has paused the requirements to report…
The BOl reporting deadline for existing companies is approaching quickly. Existing companies (those formed before January 1, 2024) have less than four months to fulfill their beneficial ownership information (BOl) reporting obligations. Under the Corporate Transparency Act (CTA), millions of…
The Financial Crimes Enforcement Network (FinCEN) has updated its FAQs section on beneficial ownership information (BOI) to address inquiries about entities that are no longer active and historical beneficial owners of a reporting company. Find the newly added FAQs below:…
The Financial Crimes Enforcement Network (FinCEN) has updated its FAQs section on beneficial ownership information to address inquiries about entities that are no longer active. We’ve had multiple clients asking about this issue, so we’re thankful that FinCEN is providing…
On December 22, 2023, New York’s Governor Kathy Hochul signed into law Senate Bill 995B, enacting the New York LLC Transparency Act (NYLTA). The new law, which will be effective on December 21, 2024, is similar to the Corporate Transparency Act…
In our last post, we broke down the basics of the Corporate Transparency Act (CTA). In this one, we’re going to take a deeper dive into when businesses must file and what information they need to provide. As we mentioned…
In this blog post we’re going to break down the basics of the Corporate Transparency Act, which introduces a new federal compliance requirement that will impact many businesses operating in the United States. Back in September of 2022, a 99-page…
Rhode Island has enacted the revised Uniform Limited Partnership Act and the revised Uniform Partnership Act, both of which took effect on January 1, 2023. The bills are intended to establish consistency with regard to entity formation requirements and business…
Need evidence of filing before the end of the year? Our Delaware team is here to help! We wanted to make you aware of a substantial backlog impacting turnaround times at the Delaware Department of State Division of Corporations. Routine filings…
Effective immediately, the Nevada Commercial Recordings Division has temporarily suspended all in-house expedite services due to COVID-19. At this time, filings are only available on a routine basis. The state expects to resume rush filings again in about 2 weeks;…