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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...

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. 

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. 

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.

The Incorporators will be closed on Wednesday, November 11th, in observance of Veterans Day. We are grateful to our veterans for their service and keep them in our hearts today and every day. 

All orders placed on Wednesday will be fulfilled on Thursday morning.

The state of Delaware offices, including the Division of Corporations, will be closed on Tuesday, November 3, 2020 in observance of Election Day.

The Incorporators Ltd. will also be closed, as we follow the state schedule for holiday closures. Any orders received on Tuesday will be processed Wednesday morning.

We look forward to participating in the democratic process and encourage you to do the same. 

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

  A quick glance at the Delaware state holidays calendar shows that November is a busy month for holidays. Election day, Veterans Day, Thanksgiving, Black Friday...Return Day? You’ve probably never heard of Return Day before. That’s because Return Day is a holiday specific to Delaware. What is R...

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...