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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

If you have a Delaware corporation or are considering forming a corporation in Delaware, annual corporate franchise taxes and report filing will be a pivotal part of maintaining corporate compliance and keeping your entity in good standing.  

Today we're answering all of the most common questions about Delaware corporate franchise taxes. 

It has been a challenging year, particularly for many small businesses. According to the US Chamber of Commerce, "Only four in 10 (40%) of all small business owners believe their business can continue to operate indefinitely without having to shut down permanently."   

If it's time to say goodbye to your business, we can help you close up shop so that you're not accruing taxes in to 2021.

What is Foreign Qualification?

Foreign Qualification is the process of registering a business in a state other than the state it was originally formed in. An entity may do this when they conduct business in multiple states or because they, for tax reasons, have formed their company in a state other than their home state. 

When You Need Foreign Qualification

One of the most common documents that companies need periodically after they form their entity is a certificate of good standing.

All states offer some form of a certificate of good standing, sometimes called a certificate of status, status certificate, certificate of existence, or certificate of authorization. They are typically issued by the Secretary of State in the state where...

You've made plans. You've chosen a name for your new business. You are all set to open up shop. You place your order to form your LLC or corporation and...you hit your first roadblock. The business name you selected is unavailable. What now? 

The good news is that it may not be an issue. Let's take a look at how...

After over 40 years in business, we've answered a lot of questions from our clients. Today we're sharing our most frequently asked questions and their answers.

What can I use my registered agent's address for?

Your registered agent will accept and forward your annual report tax notices, all official documentation from the Secretary of State, as well as service of process.

One of the reasons that many business owners choose to form their LLCs in Delaware is because of the business-friendly laws of the state. There are plenty of reasons to form your entity in Delaware but the ease of adding or removing members may be a great benefit to companies just starting off or who anticipate ownership changes. 

Thinking about starting a non-profit? Non-profits play a pivotal role in our economy and our communities. In fact, according to Urban Center's National Center for Charitable Statistics, the nonprofit sector contributed an estimated $985.4 billion to the US economy in 2015, composing 5.4 percent of the country's gross domestic product (GDP). [source]

In recent years, the non-profit...

One of the most common questions we receive from clients is, "How do I provide proof that my company exists?" It may seem like a simple question but it's one that causes confusion - and for good reason! The document proving the existence of your company may be called a variety of names dependin...

In light of the stay at home orders and social distancing, many businesses needs have changed.

Our conference rooms sit empty, replaced by little squares on a screen. Businesses with little online presence abruptly had to pivot to completely online. Tech teams had to jump to handle the need for website changes allowing curbside pickup. Fulfillment teams had to put...