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.

Can I Convert a Corporation to an LLC? By Brett Melson Tuesday, January 5, 2021 convert corporation to llcA Delaware LLC structure is more flexible than a corporation, as an LLC Operating Agreement may contain provisions and terms that would not be permissible in the context of a Delaware corporation... Read More
Company Name Not Available... Now What? By Justin Damiani Tuesday, December 15, 2020 Perhaps you’re forming a new Delaware Corporation under the name, Jones Financial Services Inc. and the name is not available in Delaware. A slight alteration to the entity name such as Jones Financial Group Inc. or Jones Financial Solutions Inc. may be successful... Read More
How to Create a Second Company with the Same Name By Justin Damiani Monday, December 14, 2020 Say you have an active Delaware Limited Liability Company named Sports Apparel LLC, and would like to form a new Delaware Corporation. You can form the new corporation with the same basic name, such as Sports Apparel Inc., as long as you submit a consent form along with your filing of the new Certificate of Incorporation... Read More
Why Convert Your Tax Status from S-Corp to C-Corp By Jeremy Reed Tuesday, December 8, 2020 why convert your status from s corp to c corpThe most common change in taxation status is from a C corporation (usually a General Corporation) to an S corporation in order to allow for pass-through taxation of income or loss. This is typically done to avoid double taxation of corporate income... Read More
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