Friday, February 25, 2011
Here in Newark, Delaware spring is in the air. The temperature has reached a balmy 60 plus degrees, and the gentle rain is just urging hibernating flower bulbs to burst forth with vibrant color. This morning, I felt almost giddy as I made my way into work in my snazzy bright yellow raincoat with the Delaware Division of Corporations insignia on the pocket.
Winter is not yet over, and perhaps we have yet to experience another snowfall or two, but I prefer to think that silly little ground hog in Punxsutawney was correct in his predication of an early spring.
Delaware Corporate Legislation Tracker
Stay on top of changes to the DGCL with the Delaware Corporate Legislation Tracker! This is a free service, designed to keep you informed on current and pending legislation related to Delaware Corporate rules and regulations. Here's what's been happening this past week:
The following Legislation affecting Title 29 - State Government was acted upon by the General Assembly on 2/24/2011:
Title: AN ACT TO AMEND TITLE 29 OF THE DELAWARE CODE RELATING TO THE REGULATORY FLEXIBILITY ACT AND THE ADMINISTRATIVE PROCEDURES ACT.
Small businesses are the backbone of the economy in Delaware. In fact, 80% of the companies in Delaware employ less than 20 employees, according to recent statistics from the U.S. Census Bureau.
The goal of regulatory flexibility is to foster a climate for entrepreneurial success so that small businesses will continue to create jobs, produce innovative new products and services, bring more Americans into the economic mainstream, and broaden the tax base. In 2002, the Office of Advocacy presented state model legislation, patterned after the federal Regulatory Flexibility Act, to improve the state regulatory climate for small business.
This legislation adopts much of the model legislation with the intent of aiding and fostering small job growth in our State by creating a friendlier regulatory environment for small businesses.
Feb 24, 2011 - Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House
Wednesday, February 23, 2011
Looking into a small business of your own
The global economy to some seems to be looking up from the downward spiral of the past two years. The global GDP is averaged to be $58.09 trillion and has an unemployment rate of 8.7%. The #2 GDP ($5,745,1333), China, is actually number 39 globally with an unemployment rate of 4.3%. Both the world’s and China’s unemployment rate are better than the United States which has a 9.3% unemployment rate. Economics states that GDP is an indicator of a country’s standard of living. This statement in mind, it would seem that the United States with the world’s highest GDP of almost $15 million should have a lower GDP than it currently does.
Even the state of Delaware that is ranked #24 in all fifty states with an unemployment rate of 8.4%.is doing better than the entire US is. That means that for every 100 citizens in the state of Delaware eight of them are actively looking for employment and still do not have a job. On the bright side our state has 24,006 small businesses that have employees and 32,242 self employed individuals.
There is possibility for any person globally to start a business here. Our team members would love to discuss the option of incorporating in Delaware and having a registered agent with us.