 Nancy J. Wolf, MBA Managing Member |
 Vincent J. Creo Managing Member |
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Why are non-profit corporations so popular in delaware
Nonprofit corporations (like charitable foundations, associations, or advocacy groups) are popular in Delaware for many of the same reasons that for-profit corporations are — Delaware offers a very business-friendly legal environment. Here’s why nonprofits in...
Delaware public benefit corporations
A Delaware Public Benefit Corporation (PBC) is a type of corporation that is formed in accordance with Delaware law and is designed to operate in a socially responsible and sustainable manner. Delaware was one of the first states in the United States to enact...
Why do U.S. banks require a person to appear in person to open a bank account?
The USA Patriot Act requires bankers to meet face-to-face with people applying to open a bank account. This “Know Your Customer” policy is currently prevalent at most - if not all - banks. Identity Verification: In-person visits allow banks to verify the identity of...
Advantages of opening a holding company in Delaware
Opening a holding company in Delaware can offer several advantages, although it is important to note that the specific benefits may vary based on individual circumstances. Here are some common advantages associated with establishing a holding company in Delaware:...
What happens if you miss your franchise tax payment date in Delaware
If you miss the filing or payment deadline for the Delaware franchise tax (and, if applicable, the annual report), here is what you need to know: ✅ What is due when Corporations incorporated in Delaware must file their annual report and pay franchise tax by March 1...
What is a Certificate of Incumbency?
Question: Who needs one? Who wants one? Answer: Anyone who wants to prove ownership or authorizations of their Delaware LLC (or Corporation). Delaware attracts millions of people to their LLCs. This is the only jurisdiction that allows an owner to remain anonymous....
Here is a brief overview of the history of Delaware corporations and the reasons Delaware became the number one destination for business incorporation in the U.S. and globally:
Early History: Delaware’s Corporate Origins (1800s) The 19th Century: Competing for Corporate Charters In the late 1800s, U.S. states competed to attract businesses by offering favorable incorporation laws. New Jersey was initially the leader. The State liberalized...
The History of Delaware Limited Liability Companies and why Delaware has Become the Number One Destination.
Delaware’s dominance as the home of LLCs and corporations is a fascinating mix of legal history, tax policy, and business pragmatism. Let us break it down clearly: Origins of the Delaware LLC Early 1990s: Delaware adopted its Limited Liability Company Act in 1992,...
The history of how and why an LLC came to be
The Limited Liability Company (LLC) is a relatively modern business structure that blends elements of both corporations and partnerships (or sole proprietorships). It was developed in response to changing economic, legal, and business needs, particularly in the United...
Annual Report Statistics
A Message from the Secretary of State Charuni Patibanda-Sanchez This past year marked yet another milestone for the Delaware corporate franchise. The trust you have placed in our thoughtful and balanced approach to corporate and entity law is evidenced by the facts...