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Delaware Jurisdictional Update – Certificate of Validation

The Delaware Senate has passed legislation and the Governor has signed into law a new corporate filing called a Certificate of Validation.  The Certificate of Validation will become effective April 1, 2014 and the cost for filing is $2,500.

The new law allows corporations to file a Certificate of Validation stating there was miscommunication(s) and or error(s) that occurred previously.  In other words, if proper approval was not given or subsequent changes were not properly recorded/filed with the Delaware Division of Corporations (the “Division”), a Certificate of Validation can now be filed correcting the miscommunication(s) and or error(s).

Note: If a corporation reduces their shares of stock and/or par, files its annual report and pays a large amount of taxes, then subsequently files a Certificate of Validation to correct the record, no overpayment will be refunded.  However, if the Certificate of Validation shows a prior increase in authorized shares, additional franchise taxes may be due.

 

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About Us

Headquartered in Albany, NY, Accumera is a company formation, business maintenance and document retrieval service provider. We provide services in all 50 States and the District of Columbia. We assist small business owners, entrepreneurs and professionals worldwide by providing fast, reliable and personal services. At Accumera our clients are not just a number… We promise to provide you with the services to get your business up and running so you can grow your business into a success.

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