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There are many reasons why a business owner may choose to no longer utilize their LLC. Most often it is because the business was unsuccessful at producing revenue or because the business owner retired or moved on from the business entirely.

One important step in closing your Delaware LLC is to officially cancel your LLC charter with the state of Delaware. It’s important to correctly close your LLC in order to avoid fines and penalties for an LLC you are no longer utilizing. 

Losing proof that your company exists in Delaware can be a stressful situation. This critical documentation is essential for establishing your business's legal existence and is required for many business transactions. However, accidents happen, and important papers can be misplaced or destroyed.

If you find yourself unable to locate any proof that your Delaware company exists, don't panic. There are steps you can take to recover your company's identity and ensure its continuity in Delaware.

With the rise of public consciousness regarding sustainability and corporate responsibility, more business owners are looking for ways to further their mission and business with an eye for the future. The state of Delaware has long been a leader in corporate governance so it’s no surprise that they’ve adapted to the times by adding an entity type to meet the needs of the modern business owner.

New business owners often struggle to determine if forming an LLC or incorporating is the right option for them.

LLCs and S-Corps are commonly cited options, particularly for solopreneurs. But while they have some overlapping benefits (like pass through taxation), they have several notable differences. 

What is the cheapest way to form an LLC?

Our most cost effective package option is our LLC E-Kit, an all digital package with delivery via email.

This package is priced at $175 and includes all state taxes and fees. Each package includes everything you need to make your business official including a stamped filed copy of your Certificate of Formation, a sample operating agreement and minutes, membership certificates

What is a UCC Filing?

UCC stands for Universal Commercial Code, a group of acts related to sales and commercial transactions that have been adopted as law in all 50 states. It was established when it became clear that the variations in state laws were posing challenges to businesses and it was necessary to standardize the laws for commercial transactions. 

A UCC filing refers to the UCC-1 Financing Statement, a legal document that a lender or creditor files with the secretary of state when they have a security interest in the personal or business property of a debtor.

You might be wondering - do I need a registered agent? If you run a small business or live in the state where your entity is registered, the reasons for hiring a registered agent may not be obvious. 

Here are some questions to ask yourself to decide if you need a registered agent:

How Long is a Certificate of Good Standing Good for?

All certificates of good standing may be validated at the Delaware Division of Corporations ink found here for one year from issuance. This means that the requesting party can confirm that it is a legitimate certificate, not a forgery. The date on the certificate means that as of the date of issuance...

What is an Operating Agreement?

The operating agreement is the document that sets forth how your LLC will run. This document outlines several important elements of your LLC including:

• Basic details of the LLC including the name, purpose, and address
• The roles and responsibilities of members and managers
• Ownership percentage and initial contribution of members
• Profit and loss management plans

We've all seen it on TV and in movies - someone abruptly hands an envelope to a character and says, "You've been served". It's a dramatic moment that you probably think would never happen to you. But as a business owner, it very well could. 

Today we're taking a look at what service of process means, how likely you are to...