Orange, CA (PRWEB) August 9, 2007
Executives from Sabre Compliance Services, Inc. have announced the formation of a strategic alliance with Harvard Business Services, Inc. Describing the alliance as the augmentation of Sabre's innovative new business model with Harvard Business Services Inc.'s wide-ranging experience and knowledge base, the alliance sets a new standard in the integration and sophistication of services for Tenant-in-Common (TIC) Sponsors.
Sabre Compliance Services, Inc. provides comprehensive LLC maintenance and compliance services, encompassing all 50 states, for TIC Sponsors. With a domestic and international customer base that has serviced over 60,000 customers, Harvard Business Services, Inc. is a leading force in the business-entity formations industry. Harvard Business Services, Inc. has specialized in business formation services for more than 25 years and has extensive experience supporting the TIC industry. TIC Sponsors will only have to give Sabre the "green light" to benefit from this new alliance.
Jack Berberian, President and CEO of Harvard Business Services, Inc., said the strategic alliance integrates key services in ways that offer significant benefits to TIC Sponsors. "Sponsors set up their investor clients as LLC's, most typically as Delaware LLC's. Not only are we very much ahead of the curve in the Delaware business formations industry but our data management, record maintenance, privacy, and security platforms are state-of-the-art and virtually bulletproof."
David Clinton III, President of Sabre Compliance Services, Inc. added that although the LLC's are formed in Delaware, all 50 states have differing taxation and maintenance requirements for LLC's. "If an LLC slips out if compliance in any state," said Clinton, "it becomes delinquent. And when delinquent, it no longer affords liability protection."
"Lenders require that LLC's be in continual compliance as a condition of financing," he continued. "A delinquency not only jeopardizes the continuation of financing and opens up the possibility of a default, but increases the risks associated with investing alongside up to 34 perfect strangers."
Sabre's business model accommodates interests on both sides of the relationship between Tenant-in-Common Sponsors and their investor clients. Investors value the passive, hands-off nature of their TIC holdings and have no interest in the administrative details of LLC maintenance. Sponsors have assumed the maintenance responsibility on behalf of investors, typically through a law firm or within their own office staff. "But attorney fees add up quickly," noted Clinton, "and so does the overhead of an office staff." These factors illustrate why the outsourcing of compliance services makes the most economic sense, according to Clinton, adding the caveat that the provider of those services must have a track record and demonstrable capabilities.
Both Harvard Business Services, Inc. and Sabre Compliance Services, Inc. point to the strategic alliance between Harvard Business Services, Inc. and Sabre Compliance Services, Inc. as the definitive answer to the second part of that equation. "In the arena of LLC formations and registered agent services," said Clinton, "HBS's capabilities in terms of speed, service, value, security and longstanding leadership are on a level all their own. That's a widely accepted fact in the industry."
Jack N. Berberian said that the alliance solidifies Sabre's position as an innovator in the TIC Sponsor market. "Their scope of services and in-depth research across all 50 states is the comprehensive solution TIC Sponsors have been seeking in outsourcing compliance tasks," he said. "We view our capabilities at HBS as the anchor leg in the relay race ... our services and theirs meshing perfectly to serve an even wider spectrum of needs in the TIC market."
About Sabre Compliance Services, Inc.
Headquartered in Orange, CA, Sabre Compliance Services, Inc. provides an ultra-convenient preventive maintenance solution for Tenant-in-Common Sponsors to keep all their investors' LLC's in compliance with tax and reporting laws in all 50 states. Some of the services Sabre provides are filing of annual reports for LLC's in the TIC industry; reinstating LLC's that have been dissolved or revoked by the state; discounted formation and qualification; discounted registered agency; and consultation on other filings required by investors' tax professionals. http://www.sabre-services.com
About Harvard Business Services, Inc.
Headquartered in Lewes, DE, Harvard Business Services, Inc. is a leading provider of business formation services for those seeking to form Delaware corporations or LLC's. The company's tenure of more than 25 years in the arena of Delaware business entities offers customers a unique level of insight and expertise. Harvard Business Services, Inc. provides business formation and allied services to customers in the U.S. and around the world. http://www.delawareinc.com
For more information contact:
David Clinton III
Sabre Compliance Services, Inc.
PO Box 6779
Orange, CA 92863
888-444-1031 x703/ direct
888-444-1031 / fax
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