Incorporation Specialist Blog

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B Corp B Corp

What Is A Delaware Public Benefit Corporation?

Do you want to make money while also making a difference in the world? The Delaware Public Benefit Corporation (“PBC”) allows companies to do just that. A Public Benefit Corporation is a for-profit business with a stated “public benefit” purpose set out in its incorporation documents. Delaware PBCs benefit both stakeholders and shareholders, and many […]

By Matthew Dochnal October 24, 2022
franchise tax Delaware LLC

Does My Delaware LLC Have To Pay Franchise Tax?

  What Happens If I Don’t Pay the Delaware Franchise Tax? If a company fails to pay franchise tax, it will eventually lose its good standing status. When an LLC loses good standing status, it also loses its limited liability protections. This exposes members to personal liability they would otherwise not have if they paid […]

By IncNow October 24, 2022
Google headquarters with statue in front Asset Protection

What Is a Subsidiary Company?

The term “subsidiary” is used often in business, however, you might not know exactly what it means. Subsidiaries are an important part of the legal structure of nearly every large company. In this article, we discuss what subsidiary companies are, how they are used, and the best way to structure them.      What Is […]

By Matthew Dochnal October 11, 2022
Corporate Transparency Act

What You Need to Know About Beneficial Ownership Reporting

  FinCEN provided the following deadlines by which companies need to comply with beneficial ownership reporting requirements: This law goes into effect on effective January 1, 2024. Companies incorporated or formed before January 1, 2024 will only have until January 1, 2025 to complete the FinCEN filing. Companies incorporated or formed on or after January […]

By Matthew Dochnal October 3, 2022
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