Puerto Rico Certificate of Secretary of Corporation as to Commercial Loan
Description
How to fill out Certificate Of Secretary Of Corporation As To Commercial Loan?
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FAQ
As a business owner in Florida, it is crucial to have a solid understanding of the laws and regulations that govern commercial transactions. The Florida Uniform Commercial Code (UCC) is a vital legal framework that provides consistency and clarity in commercial dealings.
A foreign corporation may be engaged in trade or business in Puerto Rico as a division or branch of that foreign corporation, or as a separate corporation or subsidiary.
To obtain a Certificate of Good Standing the company must be compliant with all filed annual reports must be filed with the Puerto Rico Department of State.
If you're a sole proprietor, your business's legal name is your first and last name. Either way, if you want to do business under a name other than your legal business name, you're required by Puerto Rico law to file a DBA.
In addition to filing with the state, the UCC is filed with the County office that holds the county real estate records for the property. Filings for ownership entities are made in the state where the entity is registered. Filings for individuals are made in the state in which the individual resides.
All the most recent UCC Article 9 Amendments are effective in all states. With the exception of New York and Puerto Rico, all jurisdictions accept one or more of the versions of the Article 9 UCC forms below.
New York State's Uniform Commercial Code (?UCC?) guides the sale of commercial business transactions, including the sale of goods between parties. Article 9 of the UCC governs transactions that combine a debt with a creditor's interest in a debtor's personal property.
In order to properly perfect your interest, your financing statement must (i) provide the correct legal name and exact spelling of your debtor's name; (ii) provide the name of the secured party or a representative thereof; and (iii) include sufficient description of the collateral.
