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
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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
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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
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NEW ANNUAL DUE DATE for filing Reports of Foreign Bank and Financial Accounts (FBAR)
In December 2016, final regulations were passed by the IRS requiring foreign-owned US Disregarded Entities, ex. LLC’s, to file an information return, Form 5472, with the IRS. Prior to this change only US entities or foreign corporations, who are engaged
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