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.

Why Convert Your Tax Status from S-Corp to C-Corp By Jeremy Reed Monday, November 13, 2023 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
Disadvantages & Hidden Costs of a Sole Proprietorship By Rick Bell Monday, November 6, 2023 disadvantages to a sole proprietorshipTypically, a sole proprietorship makes you personally liable for all of your business debts and gets taxed at the personal (not corporate) tax rate. That's not all... Read More
Understanding the Transition from DUNS Numbers to UEIs By Justin Damiani Monday, October 9, 2023 DUNS to EIDStay Informed: UEIs to Replace DUNS Numbers! In our latest blog post, we explore the significant shift from DUNS to UEIs and its implications for businesses. Gain insights into compliance and competitiveness in this evolving landscape. Read the full article to stay ahead of the curve!.. Read More
How Much Cash Reserves Does Your Business Need? By Rick Bell Tuesday, October 3, 2023 how much in cash reserves does my company needHow much money in cash reserves should your company have? There is no one-size-fits-all answer to this question... Read More
Delaware Secretary of State 2022 Annual Report By Brett Melson Tuesday, August 22, 2023 Delaware continues to prove itself as a dominant force of business formations. Read our summary of the 2022 Delaware Secretary of State Annual Report... Read More
Entrepreneurship as a Career Path By Veso Ganev Tuesday, August 15, 2023 Entrepreneurship As a careerIn today's rapidly changing world, entrepreneurship has emerged as an enticing career path for people of all walks of life seeking to write their own success stories. It’s definitely an enticing proposition. Read on as we attempt to provide some things to consider if you’re attracted to entrepreneurship as a career path... Read More
What is a DBA, or Doing Business As? Understanding Assumed Business Names By Andrew Millman Tuesday, June 27, 2023 what is a DBA?Business owners often choose to operate under multiple, different names for a number of different ventures. For example, ABC Company, Inc. may find the need to set up multiple, different DBAs using the names XYZ Landscaping, Inc. and 123 Construction, Inc... Read More
The FTC Proposes a Federal Ban on Non-Compete Provisions By Jarrod Melson, Esq. Tuesday, March 28, 2023 Non-compete provisions prevent workers from disclosing trade secrets. Learn about a rule posed by the FTC that would ban all non-compete clauses... Read More
Commonly Terms Mentioned When Forming Delaware LLCs By Justin Damiani Tuesday, March 21, 2023 Learn about some of the most commonly used LLC terms and definitions that are mentioned when forming a new company. Form an LLC with our team today... Read More
New Order Form for Secondary Jurisdiction Registered Agent Services By Justin Damiani Tuesday, February 28, 2023 MCDWith MyControlDesks' new feature, our clients no longer have to talk to someone on the phone to request Registered Agents services in states other than Delaware. Those services are now available to everyone through their online account with us and are as simple as filling up an online order form. Read our blog to learn more... Read More