Small Business Reading Room


Friday, March 11, 2005

Do you have the proper permits?

Some of you may remember a story out of Florida approximately 6 months ago about a 6 year old girl that wanted to set up a lemonade stand. Her stand was shut down because she didn't have a permit. Many children in the U.S. set up these stands during the summer so they have something to do and to make a little money. It's a summertime tradition.

Another tradition for little girls is the Girl Scouts of America. Part of being a Girl Scout means that every year you asked to sell cookies to help fund the organization. Now, a father in New York was ticketed for helping his daughter deliver these cookies because he didn't have a license.

I agree that all vendors should obtain the proper licenses and permits in the jurisdiction they are doing business in. But, do we really need to consider the girl in Florida and the father in New York vendors?
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Tuesday, March 08, 2005

It's Good Being First

According to today's WSJ, 81% of senior corporate attorneys indicate that a State's litigation environment could affect their company’s business decisions.

Who's #1?

Delaware received top billing for the states mentioned as having "reasonable and fair" legal systems, with Nebraska, North Dakota, Virginia and Iowa also receiving recognition. Really this is no surprise to those in the know; after all, the Delaware Court of Chancery is widely recognized as the nation's preeminent forum for dispute resolution.

As their website proudly boasts, "Its unique competence in and exposure to issues of business law are unmatched." You don't make statements like that unless you can back them up!

So who are the worst? According to the U.S. Chamber of Commerce you don't want to end up in litigation in Mississippi, West Virginia, Alabama, Louisiana or Illinois.

You can view the complete survey results online here.
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Monday, March 07, 2005

Delaware LLC Tax

June 1, 2005 Due Date.

All limited liability company franchise tax returns go out in the mail by the Fifteenth of March and are due in the hands of the Division of Corporations before June first. All LLCs formed in the State of Delaware that have not filed a dissolution or merger with the State are required to pay the Franchise Tax.

Delaware Intercorp, Inc., is responsible for getting the report in the mail to the latest address you have provided. Failure to pay your franchise tax bill on time will result in a 100% penalty and interest charged at 1.5% per month, from the State of Delaware. The Division of Corporations assesses these charges. There is no need to panic if you do not receive your franchise tax report, since the Division makes payment options available online. Please let us know promptly if you have changed any of your contact information.

Detailed instructions on how to file your franchise tax report are available on our website at our website.

If your company needs any documentation from the State of Delaware in order to maintain registrations in other States, please do not hesitate to call. We can obtain Certified Copies of public documents, Certificates of Status and, of course, we can file your amendments, restatements and other documents.

Now is also a good time to consolidate companies that you may have with other registered agents. Delaware Intercorp, Inc. will pay $74 of the cost to change registered agents and you get the convenience of working with just one agent you can trust for your registered agent needs. For more information on changing registered agents please send an email to info@delawareintercorp.com or you can get the required form and fax it to 302 266-9940 with your signature.

Delaware Limited Liabliity Company Tax:
Due Date: June 1, 2005
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Delaware Intercorp, Inc.
113 Barksdale Professional center
Newark, DE 19711-3258

"For all the best reasons to incorporate,the best place
is Delaware and the best incorporator is
Delaware Intercorp!"

Call Monday - Friday 09:00 (am) - 17:00 (pm) Eastern Time (GMT-05:00)

Toll Free - USA only - 888.324.1817
International: (1) 302.266.9367
FAX: 302.266.9940
Email: info@delawareintercorp.com