Most Popular Blogs
Foreign Qualification Common Mistakes By Andrew Millman Monday, October 16, 2023 Common MistakesForeign qualifying your business is tricky, but our team of professionals can help you avoid common mistakes in applying for foreign qualifications. Some of the most frequent foreign qualification errors include: delaying the process until the last minute, using the wrong title on the application, omitting information such as the address for one of the officers, directors, members, or managers, or failing to provide the appropriate accompanying documentation, such as a Certificate of Good Standing or a Certified Copy. At a time when nearly every single Secretary of States’ office in the US is experiencing some form of processing delay due to the pandemic, savvy owners are seeking professional support to ensure a timely and smooth filing process... Read More
What is a Banking Resolution? By Devin Scott Monday, September 18, 2023 what is a banking resolution documentAt the first meeting of the members (for an LLC) or the Board of Directors (for a corporation) establishing a company, a corporate resolution about banking details is often included. Although a company may agree on several different types of resolutions during the meeting, the banking resolution is often the most commonly extracted resolution from the general minutes of the meeting... Read More
Requesting an EIN Confirmation Letter Online By Brett Melson Monday, August 28, 2023 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
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
Advantages of a Delaware Close Corporation By Devin Scott Monday, June 26, 2023 advantages of a close corporationA General Corporation can have as many shareholders as it sees fit. With a Close Corporation, there are restrictions on the sale or transfer of stock. The sale or transfer of stock in a Close Corporation can be restricted by the Right of First Refusal clause... Read More
What Is the Delaware Court of Chancery? By Jeremy Reed Monday, June 19, 2023 What Is the Delaware Court of ChanceryThe Delaware Court of Chancery has a long history deciding on equity and fairness between parties. The tiny coastal state of Delaware is widely recognized as the best state in which to form a company, not only in the United States but throughout the world. One of the key reasons for this is the Delaware Court of Chancery... Read More
What Happens when You Don’t Pay Your Franchise Tax? By Andrew Millman Monday, February 13, 2023 If you miss a Franchise Tax payment for your Delaware company, this will always be on the record with the Delaware Division of Corporations, even if you pay all the past due Franchise Tax and bring the company back into good standing... Read More
Doing Business in Florida as a Foreign Corporation By Devin Scott Monday, January 30, 2023 Foreign Qualification is the manner in which Florida grants you permission to operate your Delaware corporation there. It is a very important step that is sometimes forgotten, but if you fail to comply with Florida's local compliance regulations, you may be putting yourself and your company at risk... Read More
Business Bank Accounts for Delaware Companies By Devin Scott Tuesday, January 24, 2023 Business bank accounts for delaware companiesIf you own a Delaware LLC or corporation, here’s what banks typically require in order to open a business bank account... Read More
Who Can Be a Member of an LLC? By Andrew Millman Monday, January 2, 2023 who can be a member of an llcAnyone in the world can be a member of a Delaware LLC. Generally, the members of an LLC are individuals, but it doesn’t stop there. Many people opt to set up the Delaware LLC with another company as the member. This can be a corporation, Limited Partnership or even another Delaware LLC... Read More