Delaware Series LLC
How to Establish a Delaware Registered Series: 5 Steps Establishing a Delaware Registered Series involves forming a Delaware Series LLC with a few additional steps. Step 1: File A Certificate of Formation The first step is to form a Delaware Series LLC by filing a Certificate of Formation with the Delaware Secretary of State. The […]
Delaware Series LLC
What Are Separate Series Agreements in a Series LLC? A Separate Series Agreement is essentially a mini-Operating Agreement for an individual protected series under a Series LLC. These Agreements are private contracts signed by the Members of a Series LLC who are also Members associated with that particular protected series. A Series LLC is able […]
LLC
What Is a 501(c)3 Organization? 501(c)3 is an IRS code section that defines what qualifies as a tax exempt organization under federal law. To receive a tax determination letter from the IRS, approving the 501(c)3 status, a non-stock corporation must submit a Form 1023 or Form 1023-EZ application with the Internal Revenue Service (IRS). A […]
Delaware LLC
Maintenance, Fees, and Taxes Both Delaware and Wyoming have low filing fees, however in accordance with prices, Wyoming barely scratches by with a slightly lower filing fee. Wyoming’s minimum filing fee is $100. In contrast Delaware’s minimum filing fee is only $10 more at $110. With regards to initial filing fees, if you want a […]
Business Compliance
Why Do Business Owners Want to Pause an LLC? When business owners inquire about pausing an LLC, they typically refer to temporarily ceasing operations without permanently dissolving the entity to save on government and registered agent maintenance fees. The goal is often to avoid ongoing fees, annual reports, and compliance requirements while preserving the LLC, […]
Certificate of Good Standing
What Does “Good Standing” Mean? Being in “good standing” means your company meets all its legal requirements in the state where it was set up. Generally, a company is in good standing if it has paid its state taxes and doesn’t owe any bills. Some states require corporations to also file an Annual Report […]