Delaware News – Benefit Corporation

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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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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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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