Small Business Reading Room


Friday, June 10, 2011

The Delaware Corporate Legislation Tracker

The Delaware Corporate Legislation Tracker is a free service, designed to keep you informed on current and pending legislation related to Delaware Corporate rules and regulations. Stay on top of proposed legislative changes to the DGCL and important issues related to business in Delaware!

Here's what's been happening this past week:

The following Legislation affecting Title 6 - Commerce and Trade was acted upon by the General Assembly on 6/8/2011:

HS 1 for HB 88
Title: AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO THE REGULATION OF SECURITIES.



Synopsis:

This bill, named the “Delaware Investor Protection Act,” re-organizes the provisions of the Delaware Securities Act (6 Del. C., Ch. 73) into seven subchapters and makes substantive amendments to the Act.



Bill History:

Jun 08, 2011 - Reported Out of Committee (JUDICIARY) in House with 1 Favorable, 5 On Its Merits

Jun 07, 2011 - Adopted in lieu of the original bill HB 88, and assigned to Judiciary Committee in House




The following Legislation affecting Title 6 - Commerce and Trade was acted upon by the General Assembly on 6/7/2011:

SB 95
Title: AN ACT TO AMEND CHAPTER 17, 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.



Synopsis:
This bill continues the practice of amending periodically the Delaware Revised Uniform Limited Partnership Act (the "Act") to keep it current and to maintain its national preeminence.


Bill History:

Jun 07, 2011 - Introduced and Assigned to Judiciary Committee in House
Jun 02, 2011 - Passed by Senate.
Votes: Passed 20 YES 0 NO 0 NOT VOTING 1 ABSENT 0 VACANT
Jun 01, 2011 - Reported Out of Committee (JUDICIARY) in Senate with 4 On Its Merits
May 31, 2011 - Assigned to Judiciary Committee in Senate



The following Legislation affecting Title 6 - Commerce and Trade was acted upon by the General Assembly on 6/7/2011:

SB 74
Title: AN ACT TO AMEND CHAPTER 15, TITLE 6 OF THE DELAWARE CODE RELATING TO THE CREATION, REGULATION, OPERATION AND DISSOLUTION OF DOMESTIC PARTNERSHIPS AND THE REGISTRATION AND REGULATION OF FOREIGN LIMITED LIABILITY PARTNERSHIPS



Synopsis:
This bill continues the practice of amending periodically the Delaware Revised Uniform Limited Partnership Act (the "Act") to keep it current and to maintain its national preeminence.


Bill History:

Jun 07, 2011 - Introduced and Assigned to Judiciary Committee in House
Jun 02, 2011 - Passed by Senate.
Votes: Passed 20 YES 0 NO 0 NOT VOTING 1 ABSENT 0 VACANT
Jun 01, 2011 - Reported Out of Committee (JUDICIARY) in Senate with 4 On Its Merits
May 05, 2011 - Assigned to Judiciary Committee in Senate


The following Legislation affecting Title 6 - Commerce and Trade was acted upon by the General Assembly on 6/7/2011:

SB 76
Title: AN ACT TO AMEND CHAPTER 18, 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.



Synopsis:
This bill continues the practice of amending periodically the Delaware Limited Liability Company Act (the "Act") to keep it current and to maintain its national preeminence. The following is a section-by-section review of the proposed amendments of the Act.


Bill History:

Jun 07, 2011 - Introduced and Assigned to Judiciary Committee in House
Jun 02, 2011 - Passed by Senate.
Votes: Passed 20 YES 0 NO 0 NOT VOTING 1 ABSENT 0 VACANT
Jun 01, 2011 - Reported Out of Committee (JUDICIARY) in Senate with 4 On Its Merits
May 05, 2011 - Assigned to Judiciary Committee in Senate


The following Legislation affecting Title 8 - Corporations was acted upon by the General Assembly on 6/7/2011:

SB 74
Title: AN ACT TO AMEND TITLE 8 OF THE DELAWARE CODE RELATING TO THE GENERAL CORPORATION LAW.



Synopsis:
This bill give the Division of Corporations the discretion to waive the requirement that a corporation’s name contain certain words or abbreviations thereof (such as “incorporated”), if the corporation is both a nonprofit nonstock corporation and an association of professionals. It also amends several other sections of the DGCL.


Bill History:

Jun 07, 2011 - Introduced and Assigned to Judiciary Committee in House
Jun 02, 2011 - Passed by Senate.
Votes: Passed 20 YES 0 NO 0 NOT VOTING 1 ABSENT 0 VACANT
Jun 01, 2011 - Reported Out of Committee (JUDICIARY) in Senate with 4 On Its Merits
May 05, 2011 - Assigned to Judiciary Committee in Senate


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Wednesday, June 08, 2011

Markell Makes Nominations to Delaware Court of Chancery

Via delawareonline:

Gov. Jack Markell today announced two judicial nominations to fill pending vacancies on Delaware’s prestigious Court of Chancery, long considered the nation’s preferred forum for corporate and commercial law battles.


Markell taps Strine to head Chancery Court

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Tuesday, June 07, 2011

Free Online Tool from SBA Helps Small Businesses Develop an Export Business Plan

Small businesses interested in starting or expanding sales of their goods and services overseas have access to a new, free online tool that will gauge their readiness to export and help them develop an export business plan.

The Export Business Planner, developed by the U.S. Small Business Administration, offers a ready-made, customizable and easily accessible document that can be updated and referenced continuously as the business grows.

The Planner, located at www.sba.gov/exportbusinessplanner, allows users to:
• Determine their export readiness
• Learn about training and counseling opportunities
• Complete worksheets for global market research
• Obtain financing information and options
• Customize export marketing plans, and
• Access resources for exporters


The chapters include:

• Introduction to Exporting
• Training and Counseling
• Getting Started: Creating an Export Business Plan
• Developing your Marketing plan
• Financing your Export Venture
• Accounting Worksheets: Costing, Financial Forecasting & Product Pricing
• Utilizing Technology for successful Exporting
• Your New Marketing Plan: Summary, Timeline
• Updates, Transportation and Documentation

A special, very useful feature of the Planner is the customizable worksheets, which provide templates for developing your export business plan, conducting business assessments and foreign market research, creating your marketing plan, costing and sale projections, goal setting and much more.


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