Business Strategies

Learn how to incorporate your Delaware business as well as tips, suggestions and smart business ideas for you to utlize before and after incorporating a company in Delaware.

Your Effective Date Affects Your Franchise Tax By Andrew Millman Tuesday, November 3, 2020 The Franchise Tax for Delaware LLCs and Delaware LPs is due on or before June 1st of each year, and the Delaware Franchise Tax and annual report for Delaware Corporations is due by March 1st each year. This cycle is triggered the second the company is officially on the books with the Delaware Secretary of State... Read More
Comparison: Uncertificated Shares vs. Certificated Shares By Jarrod Melson Monday, November 2, 2020 This article discusses the drawbacks and dangers of using certificated shares and the effect these issues can have on a corporation’s ability to maintain an accurate and up to date stock ledger, as required by the Delaware General Corporation Law (DGCL)... Read More
Filing S-Corp Status on a New Delaware Corporation By Brett Melson Tuesday, October 20, 2020 filing a delaware corporation as an s-corpThe Subchapter S tax status, also known as an S corporation or S-Corp, is a very popular tax status for newly formed corporations. Subchapter S tax status allows for a unique taxation method whereby the profits and losses flow through the company to the shareholders... Read More
How to Request Resignation of Your Registered Agent By Amy Fountain Tuesday, October 13, 2020 how to close a companyIn some situations, a business owner may seek to have their Delaware Registered Agent resign upon the business entity. This course of action is not the same as filing a formal certificate; it will put the company into a forfeit status with the state... Read More
Forming an LLC for Your Uber or Airbnb Business By Michael Kupfer Monday, October 12, 2020 Shared economyTransferring business assets to a company draws a distinction between yourself and your business. In the event you are sued, it will be much more difficult for a plaintiff to seek compensation from your personal assets... Read More
EIN Confirmation Letter By Brett Melson Tuesday, October 6, 2020 EIN Confirmation LetterIf we obtained the EIN number on behalf of your company, feel free to request that the 147C letter be faxed to us at (302) 645-1280. Once the fax has been received, we will email the letter to you as a courtesy... Read More
Using Cost Structure Analysis to Maximize Profit By Gregg Schoenberg Tuesday, September 15, 2020 This cost structure analysis example can help you calculate the best way to increase profit for your startup or existing business... Read More
How to Convert Your LLC to a Corporation By Brett Melson Tuesday, August 25, 2020 how to convert llc to corporationThe most common reason to change an LLC to a corporation is that the company needs to be able to issue shares of stock in order to bring on investors or raise venture capital | Convert an LLC to a corporation... Read More
How Do You Change Your Business Name with the IRS? By Paul Sponaugle Tuesday, August 11, 2020 change your business name with the IRSUnder most circumstances, changing your business name will not require a new EIN, but you will typically have to notify the IRS. There are two main ways to so.. Read More
Honest Services Fraud – Violating a Duty through Bribes or Kickbacks By Jarrod Melson Monday, August 10, 2020 Honest services fraud is a powerful tool in prosecutors’ hands. It is not always intuitive, and the elements of the crime are sufficiently malleable to fit a broad swath of situations involving bribery or kickbacks... Read More