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.
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...
Delaware law requires that all Delaware corporations file an annual report and pay any taxes and fees by March 1st of each year. Corporations who do not complete these steps risk having their charter voided for failure to comply.
By now all active Delaware corporations should have received a notification by letter, which included instructions for electronic filing of the annual report and payment of taxes due.
The Incorporators Ltd. will be closed on December 24th and 25th in celebration of the Christmas holiday. We will also be closed on January 1st for New Year's Day. All orders placed during these holidays will be processed on the next business day.
We would also like to remind you that if you need to close your business before year end, we will stop taking cancellation and dissolution orders on December 28th to ensure we can process them in time.
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.
Limited Liability Companies (LLCs) are one of most popular entity types - and for good reason. Business owners form LLCs to limit personal liability, enjoy tax benefits, increase legitimacy, and more. Plus, Delaware has fixed annual state franchise taxes regardless of business size or number of members. You can learn more about why Delaware might be right for your business here.