IncNow provides professional documents and service at a competitive price. | Agents and Corporations, Inc. (www.incnow.com) is a Delaware company founded in 1974 that specializes in the formation of Delaware corporations, limited liability companies, LLCs, series llc, and registered agent services, in addition to offering services in Florida and Nevada. We are a dynamic company of experienced attorneys and highly trained Delaware corporation specialists. The same individuals who answer the telephone also complete your company formation documentation services. This level of professional, personal service is unparalleled. We provide unmatched value. In both the complete and economy Delaware corporation and LLC formation packages, our prices are the most competitive in the business. We are price-competitive in both the start-up cost and the Registered Agent cost. Most other Delaware Corporation services are more competitive in one or the other, but not both. We are upfront with our one-price packages. We do not add-on extra fees during the order process. The pricing is clear and simple. We include the state fees, shipping costs, and all service charges and taxes in our quoted prices. Most other services will send you blank forms with your Delaware Corporation. Unfortunately, business owners often neglect to fill in the blanks causing problems later. Agents and Corporations, Inc. completes the documentation for you. Your Delaware LLC Operating Agreement includes the Members ...
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In the year 1996, the state of Delaware broke out a new line of hooded clothing for the fashionably dressed and forward thinking corporate designers. The Delaware Series LLC innovation saves money, time, and makes controlling several different types of business easier. When small companies start, they may have plans to grow in many different directions that could require forming new corporations and layering the small business owner with an onerous amount of expense and filing paperwork. The series legislation provided for treating each of these various lines with the veil of protection separately, but under the same corporate hood.
Each part of a particular series has its assets protected from the liabilities of the other parts. In this case, the parts are separate even though they share the same corporate name (hood). They remain individual businesses with separate records, assets, liabilities, and in some cases management.
The Delaware Series LLC establishes different entities within a single LLC allowing for different aspects of a single company, thus protecting each unit from the various liabilities incurred by other units. This works especially well when operating across state lines that require different regulatory actions for the same type of unit. It not only provides protection but also reduces the start-up and filing expense that are often confiscatory to a developing business.
There are a number of unresolved and untested potential problems with the Delaware Series LLC. Since each series is able to operate independently of the other units some of the unresolved issues have to do with tort liability, tax assessments, sales tax avoidance, transfer taxes and the financial/fiduciary responsibilities of members between one series and another. How assets may be moved between units and the need for separate books or just different accounting entries are two big questions when it comes to unresolved issues. These issues have yet to be tested in the courts yet and so should allow you to lean on the side of caution when thinking of forming this type of corporation.
Although the Delaware Series LLC offers many benefits and opportunities for future planning and growth it has yet to be seriously tested in court. Depending on the overriding issues of the company, it may still be best to form separate LLC's. The ability to transfer assets between the different units is the most valuable aspect of this type of series. It avoids transfer taxes and other regulatory problems since they are under the same corporate veil. However, without proper case law, take it slowly when deciding on using a Delaware Series LLC. More Series-ously, Delaware Rocks The LLC Hoodie Issues
Question by Speedy: Do I need to register my internet business as a foreign corporation? I live in New York state, and am considering registering my business (internet - ad supported) as an LLC in Delaware. I don't sell any products - I only provide online content. Would I need to register as a foreign LLC in New York? Am I considered to be "doing business" in New York if only my office is located here and all revenue is from internet ads? Best answer for Do I need to register my internet business as a foreign corporation?:
Answer by David545
There is no good reason for you to register your business in Delaware. There are certain tax advantages for LARGE firms who choose to register in Delaware, but since you are in New York State, the simplest thing to do is to register as a New York corporation. By doing that, you will limit your paperwork to one state, not two, and if you have an S-Corp, or an LLC, you will have all the protections and benefits that you would if you registered in Delaware. Good luck.
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