Fiverr CPA

The Benefits of Filing a UCC Statement


UCC Uniform Commercial Code Filing is important in protecting a business's assets and liabilities. The main benefit of filing a UCC statement is that it provides legal protection from creditors and lenders. A lender or a person with a claim against the business can view the UCC statement and know what debts are secured against the business's assets. This helps to protect the business from being held liable for debts that have already been paid off. Additionally, filing a UCC statement helps establish the ownership of certain assets and allows the business to obtain financing more easily.

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