As of May 2014 the New York Department of State has discontinued distributing biennial statement forms in paper format. Future biennial notifications will be emailed to filers who have provided the New York Department of State with an email address.
Read more...
New York Education Law Update – Commissioner’s Consents
Effective July 1, 2014 the education consent process for using certain purposes and/or words within your corporate name has changed. Following are a few key points of these changes. The consent of the Commissioner of Education is required only if
Read more...
Read more...
Delaware Franchise Tax Increase
Effective July 1, 2014, for the tax year 2014 and thereafter, Delaware franchise tax has increased. The amount of the new franchise tax fee is dependent upon the entity type. Following are the details. Every domestic and foreign limited liability
Read more...
Read more...
Employer Identification Number (EIN) Update your “responsible party”
Effective January 1, 2014, U.S. Internal Revenue Service (IRS) Treasury Decision 9617 (T.D. 9617) required that “any person assigned an employer identification number” must “provide updated information to the IRS”. This means, if the person identified as the “responsible party”
Read more...
Read more...
Applying for an Employer Identification Number (EIN)
The rules for obtaining your EIN by phone have changed. As of January 2014 the IRS will no longer accept requests for EIN’s via telephone. If you do call they will refer you to the online application, which does act
Read more...
Read more...
Beneficial Ownership Legislation Proposal
In March 2014 the White House announced a legislative proposal to help law enforcement investigate the use of shell companies that are set up to engage in illegal activity. The President’s proposal would require all companies formed in any state
Read more...
Read more...
Maine Corporate Fraud Monitoring Service
The Maine Bureau of Corporations becomes just the second state agency in the nation to introduce an online Corporate Fraud Monitoring service. Maine business owners and registered agents now have the ability to automatically be notified of any filing completed
Read more...
Read more...
Minnesota Public Benefit Corporations
Legislation will be offered enabling businesses to form as public benefit corporations which will have more flexible purposes with respect to excess revenues than business corporations which focus on shareholder profit. Currently, 25 states, including Delaware, allow such corporations. Senator
Read more...
Read more...
