Friday, June 13, 2008
Why should you incorporate in Delaware?
One of the top questions we answer for our potential customers is “Why should I incorporate in Delaware? Well, courtesy of the Department of State Division of Corporations, there is an online booklet by Lewis S. Black, Jr. that explains Why Corporations Choose Delaware.
Another resource for this pressing question is your friendly, neighborhood registered agent, Delaware Intercorp, Inc.
According to the Department of State web site more than 800,000 business entities have their legal home in Delaware including more than 50% of all U.S. publicly-traded companies and 60% of the Fortune 500. I believe we are doing something right.
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Delaware Corporate Legislation Tracker
This week's final installment designed to keep you up to date on current and pending legislation related to Delaware Corporate rules and regulations:
The following Legislation affecting Title 6 - Commerce and Trade was acted upon by the General Assembly on 6/12/2008:
HB 427
Title: AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO THE CREATION, REGULATION, OPERATION AND DISSOLUTION OF DOMESTIC LIMITED PARTNERSHIPS AND THE REGISTRATION AND REGULATION OF FOREIGN LIMITED PARTNERSHIPS.
Bill History:
Jun 12, 2008 - Passed by House of Representatives.
(Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT)
Jun 03, 2008 - Reported Out of Committee (JUDICIARY) in House with 1 Favorable, 6 On Its Merits
May 29, 2008 - Introduced and Assigned to Judiciary Committee in House
HB 428
Title: AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO THE CREATION, REGULATIONS, OPERATION AND DISSOLUTION OF DOMESTIC PARTNERSHIPS AND THE REGISTRATION AND REGULATION OF FOREIGN LIMITED LIABILITY PARTNERSHIPS.
Bill History:
Jun 12, 2008 - Passed by House of Representatives.
(Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT)
Jun 03, 2008 - Reported Out of Committee (JUDICIARY) in House with 1 Favorable, 6 On Its Merits
May 29, 2008 - Introduced and Assigned to Judiciary Committee in House
HB 429
Title: AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO THE CREATION, REGULATION, OPERATION AND DISSOLUTION OF DOMESTIC LIMITED LIABILITY COMPANIES AND THE REGISTRATION AND REGULATION OF FOREIGN LIMITED LIABILITY COMPANIES.
Bill History:
Jun 12, 2008 - Passed by House of Representatives.
(Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT)
Jun 03, 2008 - Reported Out of Committee (JUDICIARY) in House with 1 Favorable, 6 On Its Merits
May 29, 2008 - Introduced and Assigned to Judiciary Committee in House
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Thursday, June 12, 2008
Delaware Corporate Legislation Tracker
It's been a busy week in the Delaware General Assembly, and we have a new update on current and pending legislation related to Delaware Corporate rules and regulations:
The following Legislation affecting Title 8 - Corporations was acted upon by the General Assembly on 6/11/2008:
SB 244
Title: AN ACT TO AMEND TITLE 8 OF THE DELAWARE CODE RELATING TO THE GENERAL CORPORATION LAW.
Bill History:
Jun 11, 2008 - Reported Out of Committee (JUDICIARY) in House with 5 On Its Merits
May 29, 2008 - Introduced and Assigned to Judiciary Committee in House
May 15, 2008 - Passed by Senate.
(Votes: 20 YES 0 NO 0 NOT VOTING 1 ABSENT)
May 14, 2008 - Reported Out of Committee (JUDICIARY) in Senate with 4 On Its Merits
May 06, 2008 - Assigned to Judiciary Committee in Senate
posted by Unknown at
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Wednesday, June 11, 2008
Delaware Corporate Legislation Tracker
Our latest update on current and pending legislation in the Delaware General Assembly affecting Delaware Corporate rules and regulations:
The following Legislation affecting Title 5 - Banking was acted upon by the General Assembly on 6/10/2008:
SB 297
Title: AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO TRUST COMPANIES.
Bill History:
Jun 10, 2008 - Assigned to Banking Committee in Senate
posted by Unknown at
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Choosing A Business Structure
Ok, so you already have a business plan, now what?
One of the first things that entrepreneurs and business persons decide is how they will organize their business. Many factors must be considered when choosing the best form of business ownership or structure. The choice that are made can have an impact on multiple aspects of your business, including taxes, liability, ownership succession, and others.
Delaware Intercorp, Inc. can help you with incorporating or organizing your entity, and we can give you information to help you make that decision, but we can't tell you what is right for your specific situation.
So, if you are unsure what entity is right for you, what do you do?
There are many resources out there to help you in this regard. If you feel that you need expert legal or tax advice, attorneys and accountants can be an invaluable part of the decision process. There are also free resources available to the aspiring business owner. For example, the SBA provides a wealth of information online including some of the basic pros and cons of different types of ownership, such as sole proprietorships, partnerships, corporations, and limited liability companies.
Visit the SBA page on Choosing A Business Structure to find more information and let Delaware Intercorp know if you have specific questions about forming your entity in Delaware.
posted by Unknown at
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