Cornerstone Licensing

Join us in celebrating Rasheda White's 7th anniversary with Cornerstone! As a Licensing Specialist, Rasheda brings a caring nature, attention to detail, and professionalism to everything she does, particularly when assisting clients, which is her favorite part of the job.

Outside of work, Rasheda is dedicated to her family and friends, enjoys dancing, and starts her day with a workout. She also volunteers at Grace Community Church, helping make and distribute food baskets to those in need. A proud supporter of all Georgia sports teams, Rasheda's commitment and compassion are a true reflection of Cornerstone’s values.

Thank you, Rasheda, for your dedication and for embodying the spirit of service at Cornerstone! Here's to many more years ahead.

REMINDER—there’s still time to register for today’s 1 PM ET webinar from AccountsRecovery.net! Don’t miss out on hearing from a panel of experts, including Cornerstone’s Director of Technology, Joe Liffrig, as they discuss how UIPath is transforming collections through automation.

Learn how RPA can streamline tasks, reduce costs, and enhance efficiency.

If you haven’t registered yet, sign up here: https://hubs.li/Q02Qk1Ps0

REGISTER NOW if you're looking to streamline your collections process! Join us tomorrow for an informative webinar from https://hubs.li/Q02Qk0lF0, where Cornerstone's Director of Technology, Joe Liffrig, will discuss how to leverage UIPath for collections automation.

Automation tools like UIPath are taking over repetitive tasks—think data entry, account segmentation, and payment processing. The question isn’t if collectors will be replaced by Robotic Process Automation (RPA), but when. RPA is more than just a trend—it’s cutting costs, streamlining operations, and transforming the industry.

Don't miss this chance to future-proof your strategy! Whether you're new to RPA or looking to sharpen your edge, this webinar is for you.

WEBINAR: "How to use Tools Like UIPath to Automate More of Your Operation"
DATE: Tomorrow, September 20, at 1 PM ET
MEET THE EXPERTS: Ralph Hall, Joe Liffrig and Gerald J Paulraj
REGISTER NOW: https://hubs.li/Q02QjPVt0

Beneficial Ownership Information (BOI) Deadline Approaching!

**Less than 4 months left to report your BOI to FinCEN
**All reporting companies must submit, including those dissolved after Jan 1, 2024
**Non-compliance penalties: Up to $591/day starting Jan 25

Don't risk fines or legal issues. Act now to ensure compliance!

Need help? Our BOI Filing Service can handle your FinCEN submission, saving you time and ensuring accuracy.
CONNECT WITH US to get started: https://hubs.ly/Q02Q66420

REGISTER NOW! Our Director of Technology, Joe Liffrig, will be speaking at upcoming AccountsRecovery.net webinar on leveraging UIPath for collections automation! Join industry leaders to learn how RPA is revolutionizing operations, cutting costs, and streamlining processes. Don't miss this opportunity to future-proof your strategy!

"How to use Tools Like UIPath to Automate More of Your Operation"
Friday, September 20 @ 1pm ET
Register: https://lnkd.in/eAuqr53C

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Our latest blog post explores the intersection of LICENSING AND CYBERSECURITY.

In today's digital-first world, licensing and cybersecurity are more intertwined than ever. Learn how compliance leaders can protect their businesses by addressing key cybersecurity risks tied to their licensing strategies. From mitigating data breaches to navigating complex regulatory frameworks, this post offers actionable insights that could save your business time, money, and reputation.

Click here to dive into the full article and future-proof your operations:
https://hubs.li/Q02PH4mG0

Navigating Licensing And Cybersecurity In Fintech Explore crucial strategies for fintech firms to tackle licensing and cybersecurity compliance amid increasing regulatory demands.

We pride ourselves on excellence, so hearing our clients express their appreciation for our service truly makes our day!

With Cornerstone, you get a solution that's done right, on time, every single time. No distractions, no worries - just seamless licensing management that lets you concentrate on your core business.

Let us handle the complexities of licensing while you drive your business forward.

CFPB Report: Insights for Debt Collectors

The CFPB's annual report highlights key areas of focus in medical and rental debt collection:

• Medical debt: Emphasis on verifying debt validity and eligibility for financial assistance
• Rental debt: Scrutiny on fee structures and use of revenue management software
• 11% of CFPB complaints in 2023 related to medical debt collection
• Estimated $9 billion in U.S. rental debt

Industry professionals should review the full report to ensure compliance and best practices. Read more: https://hubs.li/Q02Pkv5x0

CFPB Report Highlights Consumer Protection Issues in Medical and Rental Debt Collection | Consumer Financial Protection Bureau The CFPB today issued its annual report on debt collection, which highlights aggressive and illegal practices in the collection of medical debt and rental debt.

Today is Fahran Ali’s 1-year anniversary with Cornerstone! As an important part of our accounting team, Fahran’s expertise has made a big impact.

Thank you, Fahran, for your hard work and commitment. Here’s to many more years of success!

Today, we celebrate Monica Anglin’s 6-year anniversary with Cornerstone! We like to call her “sunshine in a bottle,” and it’s easy to see why—her positivity and dedication light up the office every day.

Monica’s favorite thing about Cornerstone is the way we all support each other, both in and out of the office. She’s a true team player with a big heart, thriving on her morning routine of prayer and a cup of coffee.

Monica is also a proud mom and grandma, crazy about her son and three beautiful grandbabies. Her love for family extends into the community, where she dedicates time to volunteering at her church and other local causes.

Monica, we’re so grateful for you and the light you bring to our team. Here’s to many more years of success at Cornerstone!

The team at Cornerstone wants to extend warm wishes to you on Labor Day! This weekend is a time to honor the hard work and dedication that drives our success, and we hope you're taking this opportunity to relax and enjoy time with loved ones. Thank you for your continued partnership, and may your Labor Day be filled with joy and rejuvenation!

Have a wonderful Labor Day Weekend!

ATTN MONEY TRANSMITTERS: New Licensing Requirements Under the MTMA

With the implementation of the Uniform Money Transmission Modernization Act (MTMA), several states have updated their licensing requirements - most recently Illinois, Vermont and Missouri. If you operate in the financial services or virtual currency sectors, it’s crucial to be aware that money transmitter licensing may now be required in areas where they previously were not. Our latest blog post breaks down the key changes, and what you need to know to stay compliant.

Click the link below to read the full article and get all the details you need to navigate this transition smoothly.

https://hubs.li/Q02N13QZ0

New Money Transmitter Licensing Rules Under MTMA Discover updated money transmitter licensing requirements in Illinois, Vermont, and Missouri under the MTMA.

Let's recognize the outstanding dedication and expertise of our Business Services team at Cornerstone, essential to delivering top-notch services to our clients.

🔹 Joel Blackburn, Senior Director of Business Services: He leads a comprehensive division that goes beyond licensing to offer a wide range of services, including insurance, bonds, and business formations, all aimed at maximizing clients' potential and fostering their growth.

🔹 Andrea Tyler, Business Services Manager: Andrea's near decade of experience at Cornerstone contributes to her excellence in producing surety bonds, providing fast and friendly client assistance, and maintaining a smooth workflow between Business Services and Licensing.

🔹 Donna Talbott, Client Services Manager: Donna is a wellspring of knowledge for our insurance clients. She is appreciated for her personable approach and her ability to navigate complex insurance matters with ease.

🔹 Michelle Simpson, Business Services Specialist: Michelle’s expertise in background checks and screening services, combined with her exceptional work ethic and efficiency make her an invaluable asset in our dynamic environment.

Together, this team exemplifies the spirit of collaboration and excellence that Cornerstone stands for.

BOI REMINDER - With less than 4 months remaining to report your Beneficial Ownership Information (BOI) to FinCEN, it's crucial to take care of this Federal compliance item as soon as possible. The penalties for BOI reporting violations are levied at $591/day, effective Jan. 25.

NOTE: DISOLVED ENTITIES ARE SUBJECT TO CTA REPORTING - FinCEN recently clarified that if an entity was dissolved after January 1, 2024, it is still required to file the BOI.

CORNERSTONE CAN HELP - Our team can handle the filing of your BOI report with FinCEN on your behalf. This service is designed to save you time and ensure accuracy. If you are a client, we likely already have all information needed in order to file on your behalf.

CONNECT WITH US to simplify this process! https://hubs.li/Q02MbP5K0

Connect With Us Book time with our team of experts so we can help you free yourself from the burden of licensing.

Cornerstone offers comprehensive solutions for all your compliance needs, including our REGISTERED AGENT SERVICES. A registered agent, also known as a statutory agent, plays an important role by receiving legal documents and official correspondence on behalf of a business entity. This service is required for corporations, LLCs and partnerships, and serves as a point of contact for legal correspondence, including lawsuits, subpoenas, and tax notices.

Connect with us today to learn how Cornerstone can unburden you from this requirement and save you money in the process -----> https://hubs.li/Q02MbPGb0

The Cornerstone team had a blast catching the Braves game together. It was a great night out, filled with good company, some solid plays, and a lot of fun. Here’s to more of these team outings!

Today, we honor Paige Lyons for her remarkable 12 years at Cornerstone. Paige exemplifies the values we hold dear at Cornerstone, consistently going above and beyond to ensure our clients receive the highest level of service.

Paige, your dedication, expertise and commitment have not only contributed to our success but have also inspired those around you. Thank you for your hard work and for being a vital part of the team. Congratulations Paige!

NEW YORK CITY DEBT COLLECTION UPDATE

The New York City Department of Consumer and Worker Protection has just released significant amendments to the city's Debt Collection Rule, effective December 1, 2024. These changes are set to dramatically impact how businesses approach debt collection in NYC, with new requirements around communication, verification, and compliance that could reshape industry practices.

In our latest blog post, we break down the key provisions of this rule along with tips for compliance. Please share with anyone who engages in collection activities in New York City. Read the full article and ensure your operations are ready for these upcoming changes.

https://hubs.li/Q02LMYwB0

Major Updates To NYC's Debt Collection Rule Explained Discover the recent amendments to NYC's Debt Collection Rule and how they impact compliance for the industry.

We'd like to recognize Jennifer Kim as she reaches her five-year milestone with Cornerstone! Her dedication and expertise have made a significant impact on our team and clients alike.

Jennifer is known for her unwavering flexibility and the ability to stay calm under pressure. When she’s not working, you’ll likely find Jennifer exploring the world or running, often kick-starting her day with a workout and quiet reflection time. A proud alumna of the Georgia Bulldogs, Jennifer is also a dedicated mother, balancing her professional life with raising two children. Her life mantra? “Work hard, play hard” – a fitting description of this dynamic team member.

Congratulations Jennifer, we are so glad to have you!

Today, we congratulate Marie Blome on her four-year anniversary with Cornerstone!

Marie’s favorite part of her job is helping clients grow their businesses. Her excellent people skills and her commitment to staying organized and upbeat make her a great fit for her role. Outside of work, Marie is a passionate traveler and gardener. Marie has been married for 32 years, has 2 children and 4 grandchildren. She loves spending time with her family and friends, attending concerts and the theater, and exploring new breweries or distilleries.

Thank you, Marie, for being an important part of our Cornerstone family!

Congratulations to Candice Smith on her Cornerstone Anniversary!

Candice has a passion for problem-solving and an eye for detail. She loves getting to know her clients on a personal level and appreciates the intricate details that make every individual unique. Outside of work, she enjoys kayaking with her kids, camping, and dancing. Candice’s life mantra is to remember that life is an adventure and even the hiccups are part of the journey.

Candice's dedication and expertise have made a positive impact on our team and clients. Here’s to many more years of success and growth together!

There are a lot of decisions to make when forming a business. Choosing the right business structure is a critical decision for any entrepreneur as it affects the legal, financial, and operational aspects of the business, as well as its growth and success.

Whether it be sole proprietorship, partnership, limited liability company (LLC), or corporation, each comes with its own unique advantages and disadvantages. Factors such as the number of owners, liability protection, taxation, and management structure play a significant role in determining the appropriate business structure.

We can help set up your business and file all the necessary paperwork swiftly and accurately, allowing you focus on acquiring customers and growing your business. Let us help you navigate this exciting time of starting your business.

With Cornerstone, you gain a partner dedicated to your success. Contact us today to get started!

https://hubs.li/Q02LmL0V0

Business Services | Cornerstone Licensing We provide support for business formation, background checks and screening, registered agents, resident managers.

COMPLIANCE ALERT - UTAH CONSUMER CREDIT LICENSE IS TRANSITIONING TO NMLS THIS MONTH

Due to a recent change in Utah law, a company required to file a Utah Consumer Credit Notification (CCN) must manage it on the Nationwide Multistate Licensing System (NMLS). Steps are required before Aug 26 in order to transition.

CONNECT WITH US TODAY FOR ASSISTANCE
https://hubs.li/Q02Lfy7z0

Reflecting on an incredible week at the RMAi Executive Summit in New Mexico, where the stunning mountain views set the stage for a great experience. The tech and AI-focused interactive breakfast was a highlight, and hearing from Congressman Mike Lawler was particularly insightful. I also enjoyed spending time with industry experts like Rozanne Anderson, John Bedard, and Irwin Bernstein.

A huge thank you to Sylvia Done for bringing together such an amazing group of people and organizing an impactful event!

We're excited to collaborate again with Leslie Bender, Senior Counsel at Eversheds Sutherland, on the latest installment of where we provide quick snapshots with practical applications from an expert.

In our latest article, Leslie discusses recent updates in MEDICAL DEBT LAWS, offers compliance best practices, and shares considerations and strategies for navigating evolving regulations. Read the full article to gain expert insights from Leslie, a national authority on information privacy, security, and consumer protection laws.

https://hubs.li/Q02Kt_5H0

Stay Compliant With Medical Debt: CFPB's Proposed Rules Explained Learn how changes in laws impacting medical debt can affect you. Stay compliant and avoid penalties with our friendly guide for professionals.

Our mission is to lighten your load, making business operations smoother and more efficient. In addition to licensing, Cornerstone offers an extensive suite of business services designed to match your needs, support your growth and ensure compliance.

Here is a snapshot of some of our business services:

BUSINESS FORMATION: Get your new venture started quickly by letting us file the paperwork for you.
BACKGROUND CHECKS: Comprehensive screenings for new hires, officers, and professional licensing with prompt results, often within a day.
RESIDENT MANAGERS: Affordable and seamless solutions for compliance in states requiring physical locations to represent your business.
REGISTERED AGENTS: Designated point of contact for legal documents and official correspondence on behalf of your business.
BOI FILING: Ensure compliance with the Corporate Transparency Act with our expert filing service for Beneficial Ownership Information.

Let us take the weight off your shoulders so you can focus on what you do best – running your business. Connect with us today and discover how we can support your business needs ---> https://hubs.li/Q02Kv-FT0

Business Services | Cornerstone Licensing We provide support for business formation, background checks and screening, registered agents, resident managers.

Our latest blog post discusses the recent 9th Circuit Court ruling affecting brokered loans in California, and how the proposed Senate Bill 1146 could restore usury exemptions. This is important for anyone involved in the commercial and consumer lending industry, as it outlines strategic considerations and potential impacts on loan modifications. Don't miss out on understanding these significant changes and how to navigate them effectively.

FULL ARTICLE: https://hubs.li/Q02KpmpN0

Strategic Responses To Brokered Loan Modifications In California Explore the impact of the 9th Circuit Court ruling on brokered loans and the potential benefits of California Senate Bill 1146 for lenders and brokers.

Kicking off a great first day at the RMAI Executive Summit in New Mexico! The views are incredible, setting the stage for what promises to be a fantastic event. Grateful to be here with great industry minds and a roster of insightful sessions ahead.

Here’s to a productive and inspiring summit!