Incorporation Specialist Blog

  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”. […]

What is a Delaware Public Benefit Corporation, Exactly? Delaware Public Benefit Corporations (PBC) function like any other for-profit corporation, but with a key difference. Public Benefit Corporations bake specific public benefit purposes into their foundation documents as for-profit entities. Delaware PBCs can use company resources to pursue public benefit causes without strictly focusing on maximizing […]

  Can a Delaware LLC Do Business in Texas? Yes, a Delaware LLC can indeed operate in Texas. However, the company needs to complete a foreign qualification in Texas. Foreign qualification is the process that an LLC or corporation must follow to register to operate in another state. When Does a Delaware LLC Need to […]

  As a business owner or entrepreneur, you may have seen the term “holding company” before. Holding companies are a type of legal structure used by businesses across many different industries. If done right, a holding company can provide unique legal protections that cannot be achieved with just one business entity. Many well-known corporations use […]

  What Does “Void” Mean for a Delaware LLC or Corporation? A Delaware business entity, such as an LLC or corporation, can become “void”. This happens when the state of Delaware cancels the company. When a company is canceled by the state, it loses its “good standing” status. A void company also loses its limited […]