Delaware becomes the latest state to allow the creation of public benefit corporations. Effective August 1st Delaware will accept Articles of Incorporation of a public benefit corporation. The name must contain the words “public benefit corporation” or “PBC” and the
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Nevada News – 2013 Legislative Changes
Effective October 1, 2013, the following changes will be in effect in Nevada. Signature Requirements - Most Secretary of State Commercial Recordings forms will require the signature of an officer or some other person specifically authorized by the entity (board)
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Texas News – Franchise Tax Account Status
The TX Comptroller has historically issued Certificates of Account Status (“good standing”) in response to inquiries about the status of an entity’s franchise tax account. The ability to search the franchise tax status of an entity is also available on
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Connecticut – Annual Report Filings
The Connecticut Secretary of State has issued notice that, beginning January 1, 2012, all annual reports must be filed online per Public Act 11-146. Entities can no longer mail their reports unless they have received a written waiver from CT
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Massachusetts – Boston City DBA Certificates
The City of Boston has sent notification that they will no longer accept the general Commonwealth of Massachusetts business certificate "DBA" form. Boston will require use of their own Boston specific format. This puts Boston in league with many Massachusetts
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IRS Update – Tax ID Numbers
As of May 21, 2012, to ensure fair and equitable treatment for all taxpayers, the Internal Revenue Service will limit Employer Identification Number (EIN) issuance to one per responsible party per day. This limitation is applicable to all requests for
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Massachusetts – Benefit Corporation
Massachusetts recently passed legislation authorizing a new type of entity: the Benefit Corporation. The legislation became effective December 01, 2012. Benefit Corporations operate as For-Profit entities, with the key distinction being that officers and directors are expressly permitted to make
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Delaware – Legislative Changes
Effective August 1, 2012, Delaware lawmakers have approved four House bills (338, 339, 340 & 342) and one Senate bill (218). A synopsis of the code updates follows: House Bills 338,339,340 & 342 include: - All entities are now required
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