Monday, February 08, 2010
The Delaware Division of Corporations is Closed due to Severe Weather Conditions, but Delaware Intercorp is open!
Yep, we got snow! The offices of Delaware Intercorp, Inc. are open today; however parts of the State of Delaware remain closed, as the State of Emergency is still in effect for Kent and Sussex counties. The Delaware Division of Corporations is one of the State offices that is closed. They have published the following statement on their website:
Due to the weather conditions experienced in the State of Delaware this weekend, the Delaware Division of Corporations will be closed for business on February 8, 2010. We apologize for any inconvenience this may cause. Thank you.
.
Please be advised that we are anticipating the possibility of more snow here in Delaware later in the week:
Winter Storm Watch - Tuesday afternoon through Wednesday night.
Did you know that even when the Division of Corporations is closed, our office is still able to assist you with many of your business needs? Please
contact our service team by email for specific details or by calling our office at one of the following numbers: Toll Free - USA only - 888.324.1817 or International: (1) 302.266.9367
posted by Russell at 9:17 AM 0 Comments
Friday, February 05, 2010
Inclement Weather!? How do I make my filing with the State of Delaware, Division of Corporations and secure my filing date and time?
Division of Corporations operates with a state-of-the-art efficiency and a staff that provides prompt, friendly and professional service to clients, attorneys, registered agents and others. These factors, as well as their unparallel accessibility, have all contributed to making Delaware a premier legal home to companies around the world.
While all this is true, they still can not control the weather.
Yesterday, National Weather Service issuance of a blizzard warning that caused the Division of Corporations to issue a statement regarding the following changes to their normal process:
· All 30 Minute and Priority 1 (one-hour service) must be received by 2:30 P.M.
· Priority 2 (two-hour service) must be received by 2 P.M.
· Same Day and Must approvals are required to be received by 1 P.M.
· DCIS, the Imaging System and Fax Gateway will be available until 10:30 P.M. for securing filing dates and times.
So, what does all that mean to you, if you need to make a filing today? After all, the weather may be perfectly fine where you are located!
Here's where that accessibility factor comes into play again. Should the Governor of the State of Delaware declare a State of Emergency or mandate the closure of State agencies which renders the office of the Division of Corporations, Townsend Building, Dover, Delaware, closed on what would otherwise be a standard work day, the following option is available.
Waivers
The Secretary of State will issue a written waiver upon request for up to two business days after the end of an “extraordinary condition” (EC). This will allow a document to be given a file date and time that is prior to the delivered date and time and during the time that the EC took place.
If your Delaware filings are affected by weather conditions, or any other extraordinary events, let us know ASAP and we can work to assist you with submitting your filing an obtaining an extraordinary event waiver.
It may not be instant gratification, but it can help you to obtain the date and time of your filing that would otherwise been assigned if the extraordinary event had not taken place. It many not be perfect, but it is certainly better than most jurisdictions out there.
That's just another one of the many reasons why Delaware is a leading domicile for U.S. and international corporations.
posted by Russell at 2:48 PM 0 Comments
Friday, February 05, 2010
Delaware Corporate Legislation Tracker
The Delaware Corporate Legislation Tracker is a free service, designed to keep you up to date on current and pending legislation related to Delaware Corporate rules and regulations. Here is what's been happening this week:
The following Legislation affecting Title 8 - Corporations was acted upon by the General Assembly on 2/03/2010:
HB 297 w/HA 1
Title: AN ACT TO AMEND TITLE 8 OF THE DELAWARE CODE RELATING TO THE DELAWARE GENERAL CORPORATION LAW.
Synopsis:
This bill confirms existing statutes and practices related to the administration of the corporation franchise tax.
Bill History:
Jan 26, 2010 - Signed by Governor
Jan 21, 2010 - Passed by Senate. Votes: Passed 19 YES 1 NO
0 NOT VOTING 1 ABSENT 0 VACANT
Jan 20, 2010 - Reported Out of Committee (JUDICIARY) in Senate with 5 On Its Merits
Jan 14, 2010 - Assigned to Judiciary Committee in Senate
Jan 14, 2010 - Passed by House of Representatives. Votes: Passed 37 YES
0 NO 0 NOT VOTING 4 ABSENT 0 VACANT
Jan 14, 2010 - Amendment HA 1 - Passed in House by Voice Vote
Jan 14, 2010 - Amendment HA 1 - Introduced in House
Jan 13, 2010 - Reported Out of Committee (JUDICIARY) in House with
3 Favorable, 5 On Its Merits
Jan 07, 2010 - Introduced and Assigned to Judiciary Committee in House
posted by Russell at 2:44 PM 0 Comments
Friday, February 05, 2010
Amazon’s Kindle is fighting to keep its innovative title against Apple’s IPad
Business changes at the pace that technology progresses and technology allows business to be able to compete. Technology is now allowing two Fortune 500 companies to fight it out. In the E-books marketplace; there is now a competition between Apple and Amazon. The IPad is the new invention of Apple, it is an all touch screen laptop that resembles a large IPod Touch, has a ten hour battery life and has IBook. IBook allows readers to read a book and store multiple books on one device. The IPad is trying to take over the electronic book market and crush Amazon. One major publisher, MacMillan, has already been left by Amazon for trying to negotiate. MacMillan is now switching over to Apple and its IPad. Amazon is the largest retailer of books online and for Amazon to drop you is a major injury to any publisher selling books online. Amazon owns the Kindle, which is as thin as a magazine, has a week long battery life, and can hold 1,000 books. This device allows you to read multiple books while having only it in your hands. The competition allows consumers to have more options for e-books and more companies to buy them from. Publishers have to make the tough decision on how risky they want to be. They can choose a side or try to keep selling to both companies. Amazon has rule over the online bookstore world at this moment and Apple may be able to convert people from Amazon, but never will Apple have the power of Amazon. Amazon has the staying power and innovation to win against Apple, as a bonus it was incorporated in Delaware.
posted by Angelica Endres at 8:25 AM 2 Comments
Tuesday, February 02, 2010
Delaware Public Archives
The Division of Corporations is where you will find documentation and information about legally formed entities in the State of Delaware. It's not, however, the only government agency in the State where information is collected and stored.
Created by the General Assembly in 1905, The Delaware Public Archives is one of the oldest public archives programs in the country. Since inception, it has preserved the records of the executive, legislative, and judicial branches of Delaware's state government. It is quite simply the place to go for both State and Local Government Records in Delaware.
Sound interesting?
You can learn more about visiting the Delaware Public Archives by watching this video on YouTube:
Visiting the Archives
Be sure to check out This Day In Delaware History while you are at it.
posted by Russell at 5:24 PM 0 Comments
Friday, January 29, 2010
Delaware Corporate Legislation Tracker
Stay on top of changes to the DGCL with the Delaware Corporate Legislation Tracker. This is a free service, designed to keep you informed on current and pending legislation related to Delaware Corporate rules and regulations. Here's what's been happening this past week:
The following Legislation affecting Title 29 - State Government and Title 30 - State Taxes was acted upon by the General Assembly on 1/28/2010:
SB 194
Title: AN ACT TO AMEND TITLES 29 AND 30 OF THE DELAWARE CODE RELATING TO ECONOMIC DEVELOPMENT INCENTIVES
Synopsis:
Section 1 of this Act establishes the Job Incentive Fund, which is designed to provide grants to firms that expand and diversify the most vital components of Delaware’s economy.
Section 2 of this Act provides a multi-year funding source for the grants by earmarking Abandoned Property revenues.
Section 3 of this Act sunsets the State’s current employment and investment tax incentives.
Bill History:
Jan 28, 2010 - Assigned to Labor & Industrial Relations Committee in Senate
The following Legislation affecting
Title 18 - Insurance Code was acted upon by the General Assembly on 1/27/2010:
HB 314
Title: AN ACT TO AMEND TITLE 18 RELATING TO CAPTIVE INSURANCE COMPANIES
Synopsis:
This legislation amends chapter 69 of title 18 of the Delaware Code by adding two types of captive insurance companies to those that can currently be licensed in Delaware. The two new forms of captive insurance companies are “agency captive insurance companies” and “branch captive insurance companies.” Agency captive insurance companies are reinsurance companies owned by insurance agents or brokers who underwrite and place insurance policies for conventional insurance companies. In an agency captive structure, the insurance risk on some of these policies is reinsured to the agency captive, thereby allowing the agents or brokers that placed the policies to share in the profits or losses attributable to these policies. Branch captive insurance companies are divisions of offshore captives that establish a business unit onshore. Many U.S. based companies have captive insurers organized in offshore jurisdictions such as Bermuda. In recent years, it has become attractive to issue certain coverages through the offshore captive insurers owned by these employers yet have these coverages regulated by an onshore insurance regulator. The solution is to bring an operating division of the captive – the branch – to the onshore jurisdiction and regulate this division in many respects as if it were a standalone entity. By adding agency and branch captive insurance companies to the list of captive insurance companies authorized in Delaware, this legislation will enhance the economic development potential of Delaware’s captive insurance laws.
Section 11 of this legislation makes a technical change to the delinquency provisions applicable to sponsored captive insurance companies.
Bill History:
Jan 27, 2010 - Reported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 6 Favorable, 1 On Its Merits
Jan 26, 2010 - Introduced in House and assigned to Economic Development/Banking/Insurance/Commerce Committee
Jan 26, 2010 - Assigned to Economic Development/Banking/Insurance/Commerce Committee in House
posted by Russell at 4:50 PM 0 Comments
Wednesday, January 27, 2010
College Marketing
High School Seniors can now rejoice at the thought they will not have to pay application fees or write essays for certain colleges. These applications will even give some students prizes for being the first hundred to apply. This easy application does not offer the college of their dreams or even guaranteed admittance. The option to take the easy way out on a college application may also mean that you will not actually get into that college, so the best bet is to fill out an application based on what it offers you in the long run not what it offers you right now. Colleges will also cost a heavy fee so I would look past the application and more on the college.
posted by Angelica Endres at 8:14 AM 0 Comments
Tuesday, January 26, 2010
Delaware Licenses World's First Serial Captive Insurance Company
Yet another 1st for the First State.
Delaware Insurance Commissioner Karen Weldin Stewart has been busy lately. Last week, we reported on the growth of the Captive Insurance Industry in Delaware, this week it's about an industry break-through.
Delaware is only one of seven states whose business laws allow the formation of serial limited liability companies or statutory trusts. However, unlike other states, Delaware has a long and well-respected history of business law and permits the serialization of the captive entity to serve as a customized risk management solution. Delaware’s laws allow each series to hold different liabilities and assets that permits “ring fencing” of the series.
“A series captive entity provides greater flexibility and advantage than other traditional structures, including protected cell structures,” stated Commissioner Stewart.
You can read the full
press release here.
posted by Russell at 11:25 AM 0 Comments
Friday, January 22, 2010
Delaware Corporate Legislation Tracker
We're going to try something new with DE corporate legislation tracker; we are going to publish the activity for the week on Fridays. It’s the same great info; we’ll just publish it once a week instead of in a play by play format. Let us know if you like the new Friday format, or if you prefer daily updates instead!
The Delaware Corporate Legislation Tracker is a free service, designed to keep you up to date on current and pending legislation related to Delaware Corporate rules and regulations. Here is the latest installment:
The following Legislation affecting Title 8 - Corporations was acted upon by the General Assembly on 1/21/2010:
HB 297 w/HA 1
Title: AN ACT TO AMEND TITLE 8 OF THE DELAWARE CODE RELATING TO THE DELAWARE GENERAL CORPORATION LAW.
Synopsis:
This bill confirms existing statutes and practices related to the administration of the corporation franchise tax.
Bill History:
Jan 21, 2010 - Passed by Senate. Votes: Passed 19 YES 1 NO
0 NOT VOTING 1 ABSENT 0 VACANT
Jan 20, 2010 - Reported Out of Committee (JUDICIARY) in Senate with 5 On Its Merits
Jan 14, 2010 - Assigned to Judiciary Committee in Senate
Jan 14, 2010 - Passed by House of Representatives. Votes: Passed 37 YES
0 NO 0 NOT VOTING 4 ABSENT 0 VACANT
Jan 14, 2010 - Amendment HA 1 - Passed in House by Voice Vote
Jan 14, 2010 - Amendment HA 1 - Introduced in House
Jan 13, 2010 - Reported Out of Committee (JUDICIARY) in House with
3 Favorable, 5 On Its Merits
Jan 07, 2010 - Introduced and Assigned to Judiciary Committee in House
The following Legislation affecting
Title 6 - Commerce and Trade was acted upon by the General Assembly on 1/20/2010:
HB HB 221
Title: AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO CREDIT SERVICES ORGANIZATIONS.
Synopsis:
This Act gives the Attorney General more options for enforcing the statute that regulates credit repair companies. The current provision provides only for injunctive relief in civil enforcement actions by the Attorney General.
Bill History:
Jan 20, 2010 - Reported Out of Committee (JUDICIARY) in Senate with 5 On Its Merits
Jan 12, 2010 - Assigned to Judiciary Committee in Senate
Jun 25, 2009 - Passed by House of Representatives.
Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
Jun 23, 2009 - Reported Out of Committee (JUDICIARY) in House with 7 On Its Merits
Jun 16, 2009 - Introduced and Assigned to Judiciary Committee in House
posted by Russell at 2:14 PM 0 Comments
Wednesday, January 20, 2010
Repetition
"Practice and you will get better" is a common phrase from piano teachers to little league coaches. Repetition is one of the easiest and more time consuming tasks. I have been going through repetition to stay sane through my busy lifestyle. I have learned that repeating something wrong such as procrastination will never help. But repeating something good such as charity work will always make you feel better. I have been practicing at continuing all the good things that I do and it really is making me better, as a person and a piece of the job force.
posted by Angelica Endres at 2:05 PM 1 Comments
Wednesday, January 20, 2010
Captive Insurance Companies Choose Delaware
Looking for industry growth in Delaware?
Delaware Captive Insurance Industry Grows Substantially in 2009
It grew by 20% to be exact. Not to shabby.
posted by Russell at 9:21 AM 0 Comments
Monday, January 18, 2010
Global Trade Lead Bulletin- January Edition
Are you interested in learning about trade leads that are received from World Trade Centers and other international agencies?
The World Trade Center Delaware publishes a list of leads that you may be interested in using as a resource to gain some exposure for your company or to source goods.
January's leads include: Distillated and Cosmetic Glycerin, Whitener/Bleaching Additive for Solid Soap, Clay Bricks Machine, Electric Rope Shovel, Overwrapping Machinery for Solid Soap, Concrete Pipe Machinery, Manufactured Boilers, Kraft Paper Bags, Textile Fabrics, Pollution Control Equipment, Aloe Vera Products, Computer & Accessories, Cell Phones, Household Appliances, Consumer Goods, Cars, Auto Parts, Wind Energy Equipments, Wines, Liquors, and Juices.
Check out the current International Trade Leads Bulletin (PDF)
posted by Russell at 9:01 AM 0 Comments
Friday, January 15, 2010
Delaware Corporate Legislation Tracker
Stay on top of changes in Delaware Corporate Law!
The Delaware Corporate Legislation Tracker is a free service, designed to keep you up to date on current and pending legislation related to Delaware Corporate rules and regulations. Here is the latest installment:
The following Legislation affecting Title 8 - Corporations was acted upon by the General Assembly on 1/14/2010:
HB 297 w/HA 1
Title: AN ACT TO AMEND TITLE 8 OF THE DELAWARE CODE RELATING TO THE DELAWARE GENERAL CORPORATION LAW.
Synopsis:
This bill confirms existing statutes and practices related to the administration of the corporation franchise tax.
Bill History:
Jan 14, 2010 - Assigned to Judiciary Committee in Senate
Jan 14, 2010 - Passed by House of Representatives. Votes: Passed 37 YES
0 NO 0 NOT VOTING 4 ABSENT 0 VACANT
Jan 14, 2010 - Amendment HA 1 - Passed in House by Voice Vote
Jan 14, 2010 - Amendment HA 1 - Introduced in House
Jan 13, 2010 - Reported Out of Committee (JUDICIARY) in House with
3 Favorable, 5 On Its Merits
Jan 07, 2010 - Introduced and Assigned to Judiciary Committee in House
posted by Russell at 5:25 PM 0 Comments
Thursday, January 14, 2010
Delaware Corporate Legislation Tracker
The Delaware Corporate Legislation Tracker is a free service, designed to keep you up to date on current and pending legislation related to Delaware Corporate rules and regulations. Here is what's been happening so far this week:
The following Legislation affecting Title 8 - Corporations was acted upon by the General Assembly on 1/13/2010:
HB 297
Title: AN ACT TO AMEND TITLE 8 OF THE DELAWARE CODE RELATING TO THE DELAWARE GENERAL CORPORATION LAW.
Synopsis:
This bill confirms existing statutes and practices related to the administration of the corporation franchise tax.
Bill History:
Jan 13, 2010 - Reported Out of Committee (JUDICIARY) in House with
3 Favorable, 5 On Its Merits
Jan 07, 2010 - Introduced and Assigned to Judiciary Committee in House
The following Legislation affecting
Title 6 - Commerce and Trade was acted upon by the General Assembly on 1/12/2010:
HB HB 221
Title: AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO CREDIT SERVICES ORGANIZATIONS.
Synopsis:
This Act gives the Attorney General more options for enforcing the statute that regulates credit repair companies. The current provision provides only for injunctive relief in civil enforcement actions by the Attorney General.
Bill History:
Jan 12, 2010 - Assigned to Judiciary Committee in Senate
Jun 25, 2009 - Passed by House of Representatives.
Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
Jun 23, 2009 - Reported Out of Committee (JUDICIARY) in House with 7 On Its Merits
Jun 16, 2009 - Introduced and Assigned to Judiciary Committee in House
posted by Russell at 8:50 AM 0 Comments
Wednesday, January 13, 2010
Quickbooks
Today is the start of me learning the program of Quickbooks. I do not know anything about this program. It is funny that one of my first tasks of the new year is to learn a new program. Every year I have strived to learn something new. I am not going back to school for two months but I have to still learn . This proves education will never end.
posted by Angelica Endres at 8:50 AM 0 Comments
Tuesday, January 12, 2010
Free information on information for starting, running, and growing a business
Wouldn't you like some free expert commentary, rules and regulations, tips, and general information on how to run a business successfully? Luckily for you, I recently stumbled across a business tool chest at accountingWEB. Check out the following categories:
Business entity/Taxation/Start-up
Employees
Sales and Marketing
Business and Technology
Effective Management
Business Growth
Business Bookkeeping
Retirement and Succession planning for business owners
Did I mention it was free?
posted by Russell at 3:48 PM 0 Comments