Delaware amends its Series LLC law
On August 1, 2019, significant amendments to the Delaware Series LLC law will go into effect. These amendments were enacted by Senate Bill 183, which was signed by Delaware’s governor last year.BackgroundIn 1996 Delaware became the first st...
What constitutes “doing business” in another state? Five signs you might be crossing the (state) line
Every LLC and corporation has a home state—the state where it was formed. Even if you do business in only your home state, your compliance responsibilities can be hard to keep up with. But, contacts and transactions in a...
Expanding Your Business? Foreign Qualification Protects Your Rights in a New State
If you’re expanding your business into other states, you may need to register to do business in those states. This is done through a procedure usually called “foreign qualification”, or just “qualification”.In everyday conversation, “foreign” usually...
Understanding why companies have to register to do business in another state
Companies expanding their operations across state lines may be subject to the new state’s registration or “foreign qualification” requirements. It’s important for business owners, managers, and advisors to understand this requirement because there ar...
Five steps when doing business in a new state (foreign qualification)
Every corporation, limited liability company or limited partnership that wants to do business in a state other than where it was formed will have to first qualify to do business in that so-called “foreign” state. If it does b...
6 compliance considerations for remote employees
Working from home has become the new norm for many American workers. Even before COVID-19 forced businesses to send their employees home there were around 4 million Americans who worked remotely for at least half of the week.As many employers found o...
Corporation Compliance Smart Chart - Activities by Foreign Corporations That do not Constitute Doing Business
A corporation that conducts business activities in any state other than its formation state may be subject to a number of foreign qualification requirements, including registering to do business with the state's corporation filing...
Annual Report Filing Deadlines Can Be Tricky
Operating as a corporation or LLC gives your business legitimacy. It shields the owners from liability and may provide tax advantages.However, an LLC or corporation faces ongoing state-reporting obligations.Annual report filing requirements...
