SINCE 1974 
Certificate of Incumbency What Is a Delaware Certificate of Incumbency? An officer of a corporation signs a Delaware Certificate of Incumbency to identify the current officers and directors of the corporation. This Certificate may also list the company’s current shareholders. The Delaware Certificate of Incumbency differs from corporate minutes, Unanimous Actions of the Directors, and bylaws. It is […]
Corporate Transparency Act What is a Startup Company? People commonly use the term “startup” to describe companies aiming to quickly establish and grow. Rapidly growing startup companies often receive funding directly from private investors, like Venture Capital firms, Private Equity funds, or individual Angel Investors. Do Startups Need to Comply With the CTA? Most startups are incorporated […]
Corporate Transparency Act What is the Purpose of FinCEN? The Financial Crimes Enforcement Network (FinCEN) is a bureau of the United States Department of the Treasury. FinCEN’s core mission is to fight financial crimes, like money laundering and terrorism financing. FinCEN works closely with banks and other financial institutions to scrutinize financial transactions and prevent illegal activity. […]
Corporate Transparency Act What is the Corporate Transparency Act? Understanding CTA The Corporate Transparency Act (CTA) is a federal law mandating business entities, like LLCs and corporations, to report specific information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). FinCEN is a part of the U.S. Department of Treasury and is in charge of maintaining […]
Corporate Transparency Act Starting January 1st, 2024, owners of U.S. businesses will need to comply with new rules. The Corporate Transparency Act (CTA) is a federal law that requires business entities, like LLCs and corporations, to report information about their owners to the Financial Crimes Enforcement Network (FinCEN). These new reports are called “Beneficial Ownership Information Reports”. Honest […]
Delaware LLC Does a Delaware LLC Need to Register in New York? First, let’s discuss when a Delaware LLC needs to register as a foreign entity in New York. To put it simply, if your Delaware LLC is going to do business or have a physical presence in New York, you will need to complete a […]