1. 2015 New Legislation (HUB) Presented by Pam Floyd, Director Corporations & Charities Division Office of the Secretary of State And Tsering Cornell, Assistant Attorney General May 15, 2015

2. What’s New This Year SB 5387 – HUB SB 5810 – Electronic signatures use For copies of the law see: http://app.leg.wa.gov/billinfo/ OR http://app.leg.wa.gov/billinfo/ www.sos.wa.gov/corps/publicnotices.aspex

3. HUB - What and How 2011 – ULC ( aka NCCUSL)adopted Uniform Business Organization Code “Hub and spoke” model Common procedures in specific types of entities are harmonized across various entity laws

4. Which WA Entities Affected Business corporations RCW23.B * Nonprofit corporations 24.03/06 Limited liability partnerships 25.05 Limited partnerships25.10 Limited liability companies25.15 Cooperative associations23.86

5. Which Procedures Forms, effective date/time Executes, Fees, Waiver of Penalties Naming – Permitted, Required Name Reservation or Registration Administrative Dissolution Reinstatement

6. Procedures Continued Registered Agent – Commerical RA Listing or Termination Statement – Statement of Change by Entity, Commerical RA, or Non-Commerical RA – Resignation of RA Service of Process

7. Procedures Continued Foreign Entity – Registration Statement – Amendment to Registration Statement – Statement of Withdrawal (different one) – Application for transfer of Registration (merger) Termination of Registration by OSOS (revocation)

8. Part I Articles (First 38 pages of bill) Article I – General Provisions Article II – Filing Requirements Article III – Name Requirements Article IV – Registered Agent Article V – Foreign Entities Article VI – Administrative Dissolution Article VII – Miscellaneous Provisions Article VIII - Implementation

9. Article I – General Provisions Definitions for chapter Establishes delivery standards - by hand, US mail, private courier, and electronic transmission Commercial Registered Agent SOS authority to make rules

10. Article II – Filing Requirements Effective Date and Time of Filings Withdrawing or Correcting Filings Duty of SOS to file (ministerial) Certificates of Existence/Registration Annual Report Requirements Fees and Waiver of Penalties

11. Article III - Names Permitted Names Name Requirements for certain types of entities Reservation of name (domestic or foreign)) Registration of name (foreign only)

12. Article IV – Registered Agent Registered agent required Commercial RA designation Rules for changing RA information Duties of RA Standards for Service of Process Resignation procedure

13. Article V – Foreign Entities List of activities constituting NOT doing business Registration requirements Standards for withdrawal (and when deemed) Standards for transfer of registration (merger) Action by Attorney General

14. Article VI – Administrative Dissolution Grounds for administrative dissolution Procedures and effect Reinstatement process/requirements Judicial review of denial of reinstatement Entity name not distinguishable from name of governmental entity

15. Articles VII and VIII Miscellaneous Implementation

16. Amends/Repeals Current Law (Last 200 pages of bill) Deletes requirements in entity law, refers to new HUB chapter Amends or deletes duplicative provisions regarding SOS in – 23B, 24.03, 24.06, 25.05, 25.10, 25.15, 43.07, 23.78, 23.86, 23.90, 24.12, 24.20, 24.24, 24.28, 18.100 RCW. Effective date January 1, 2016

17. New System Design Set up account – login to make changes Develop your organic records online or upload them Commercial RA or Noncommercial RA 90% can be filed online upon submission Will still accept paper

18. Resources at OSOS Our Phone Team 360.725.0377 Patrick Reed, Mgr360.725.0358 Dan Speigle, Deputy360.725.0311 www.sos.wa.gov/corps/publicnotices

19. Questions?