Section 83(b) election form is still a grey area in the minds of business owners and startups. People have strong doubts about what it is, how it is filled, and what are the benefits. Luckily, this text will answer all of your questions. Section 83(b) Election is a provision under…

After you have chosen that you want to form an LLC, the next step is to choose a name. A good name can be catchy, simple, relevant, international, and emotional. Also, there are different requirements for every state. According to Delaware state, you can’t have restricted words, must contain LLC…

A person can be his/her own registered agent for his/her company in Delaware. However, there are some requirements to meet: being older than 18 and having an available address in Delaware. Even If he/she meets the requirements, there can be some disadvantages. Maintaining a registered agent for corporations and LLCs…

People are used to forming and growing LLC’s or C-Corp’s with multiple members or owners, respectively. However, it is completely fine to form and operate an LLC or C-Corp with a single member or owner. A limited liability company (LLC) is a US business structure that offers the personal liability…

Operating a Limited Liability Company includes several costs both fixed and variable. Mainly, these are franchise tax, registered agent fee, and annual income tax. Paying all your expenses and taxes on-time is vital to avoid any interests or penalties. What are the Annual Costs Associated with a Delaware LLC? You…

You must pay Franchise Tax to maintain “good standing” status for your company. If you don’t pay your Franchise Tax, it will always stay in the records of the Delaware Division of Corporations and you will pay a penalty for late payment which is $200. Also, your company will be…

Dissolving a corporation may rescue you from tax and registered agent debts that are never considered for years. Restoring your recent corporation will be a better option in case of brand-new business ideas. Restoring your corporation by the revocation of voluntary dissolution has several vital steps and the most important…

Choosing a valid Delaware corporation name has several steps to consider. After having decided on your corporation’s original name, deciding also on your entity’s ending (INC., CORP., etc.) and whether to put a ‘dot’ at the end of that ending is also crucial in terms of legal documentation. Conducting a…

There may be various reasons for Delaware LLC to fell into a status other than good standing. You have to submit a Certificate of Revival to revive a canceled Delaware LLC. Before you file a Certificate of Revival, you have to pay your owed taxes and keep your registered agent. …