Incorporation Specialist Blog

  The United States Internal Revenue Service (IRS) utilizes several different types of identification numbers. You are probably most familiar with Social Security Numbers, which are issued to all US Citizens. You may be less familiar with Employer Identification Numbers and Individual Tax Identification Numbers. The IRS uses these different numbers to distinguish between individual […]

  Record-Keeping Requirements Series LLC statutes clearly outline the conditions for records of associated assets. The most important condition is that internal records keep the assets of each protected series separate from one another. Records must objectively describe an asset to distinguish it from those associated with other protected series, or the parent LLC. Records […]

If you have applied for a loan with your corporation as the borrower, you may have heard the term “Delaware Certificate of Incumbency”. What is a Delaware Certificate of Incumbency and when do you need one? What Is a Delaware Certificate of Incumbency? A Delaware Certificate of Incumbency is a document signed by an officer […]

How to Change Your Business Name with the IRS If you have a brand new EIN and have not yet had an opportunity to file your first tax return, you will need to notify the IRS of your name change by writing to the address where you will file your tax return. A change of […]

Umbrella LLC Advantages: The business entity is already created; Lower overhead costs (one annual fee instead of multiple); Less oversight is required to keep assets separate since they are held within the same company; Having multiple “incubators” for business lines can accelerate innovation, experimentation, and growth through diversification; Better suited for activities that are low […]