UCC filing through alaska secretary of state - debtor name requirements?

That makes sense, thanks! I was leaning toward the articles version but wanted to double-check. The comma thing always trips me up.

Just make sure you're looking at the most current version of their articles. Sometimes companies amend their name and you want the current legal name, not what it was when they first incorporated.

Yep, learned this the hard way on a equipment financing deal a few years back. Used the name from their business license instead of the articles and it caused major headaches during the workout.

That's exactly what I'm trying to avoid. This is a pretty substantial credit facility so we can't afford any perfection issues.

Good idea, I'll check their business entity database. Should probably verify they're still in good standing while I'm at it.

Smart move. Also check if they have any recent name changes or amendments that might affect the legal name.

Definitely verify good standing status. Some states won't accept UCC filings against entities that aren't current on their annual reports or franchise taxes.

That sounds really useful. How does it work exactly? Do you just upload PDFs?

Yeah, it's pretty straightforward. You upload the charter documents and your UCC forms and it cross-checks all the names, addresses, filing numbers to make sure everything aligns. Takes like 2 minutes and gives you a report highlighting any issues.

Interesting, never heard of that tool before. Might be worth checking out for our team.

Good point. The electronic records are usually what matters for UCC search purposes, so that's what you want to match.

So I should cross-reference the articles with their online database to make sure they match?

Exactly right. The whole point is making sure other creditors can find your filing when they search.

That makes total sense from a policy perspective. Use the searchable legal name, not the marketing names.

And if you're really paranoid, you can always file additional UCC-1s under the trade names too, though that's probably overkill for most situations.

Haha, yeah business entity names can be a nightmare. Wait until you deal with a company that's gone through multiple mergers and name changes.

Individual debtors have their own issues though. Married names, nicknames, typos in official documents... it's all a mess sometimes.

True, though the rejection delays can be annoying when you're trying to close a deal on a tight timeline.

Yeah, we're hoping to close by month-end so I definitely want to get this right the first time.

Good suggestion. A pre-filing search can show you the naming conventions other filers have used successfully.

That's smart. We're planning to do a search anyway as part of our due diligence, so we can see what's already on file.

And if you do find existing filings under slightly different name variations, that might be worth flagging to counsel to make sure there aren't any priority issues.

Which service did you use? The Certana thing that was mentioned earlier?

Yeah, Certana.ai. Pretty straightforward - just uploaded the charter docs and my UCC draft and it flagged the naming issue immediately.

I'm definitely going to look into that for our next filing. These name consistency issues come up way too often.

Absolutely. The filing office staff usually know their system's quirks better than anyone.

Good point. I'll give them a call if I'm still unsure after checking the state database. Thanks everyone for all the helpful advice!