Rose Redman No Comments

2022 Year-End Updates on the Delaware Division of Corporations

In September, we provided an update on processing times at the Delaware Division of Corporations. Backlogs and delays were significant, due much in part to staff shortages and COVID-19 restrictions. Today, however, we are happy to report that the state is just about all caught up. One-hour, two-hour, same-day and 24-hour filings requests are processing on time and the state is currently working on a three-day option for filings submitted through a registered agent on a regular approval basis. (Compare that to a seven-week turnaround time for documents sent directly to the state on a routine basis.) 

Other News and Notes from the Delaware Division of Corporations

  • For year-end completion, the Delaware Division of Corporations is accepting pre-clearance documents for mergers, conversions, designations, divisions, domestications and restated certificates up until December 16. 
  • Delaware corporate tax notices are slated to go out before the end of December. Contact our compliance team for support and guidance. 
  • Currently, UCC filings submitted on a 24-hour basis are filed within 24 hours and the UCC through-date is approximately 25 days out. 
  • As we near the end of the year, processing times are sure to slow down a bit. This is not abnormal. Holiday closures and the increased volume of mergers, cancellations, dissolutions and other filings that need to be completed within the calendar year will cause a backlog. So if you have a filing with a deadline between now and the end of the year, let’s get it in as soon as possible. 

Here to Help

We understand the end of the year can get crazy. That’s why we’re here to help, Monday through Friday, 8:30 a.m. to 8:00 p.m.

Megan Malarkey No Comments

Forced DBA, Elected DBA: What’s the Difference?

A DBA is a document that an entity files within a jurisdiction in which they conduct business when they are “doing business as” or under a name that is different from its incorporating name. A DBA is also known as a “trade name” or a “fictitious name.” Typically, entities must file and maintain DBAs in all jurisdictions in which they do business. And it’s worth noting that every jurisdiction has its own DBA rules, fees and deadlines.

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Rose Redman No Comments

Working with the Delaware Division of Corporations in Response to OFAC’s Russia Sanctions

Earlier this year, the U.S. Department of the Treasury’s ​​Office of Foreign Assets Control (OFAC) took sweeping action against Russia and its war efforts against Ukraine. 

In addition to designating, or sanctioning, individuals and entities critical to the Russia’s ability to wage war, “OFAC identified accounting, trust and corporate formation, and management consulting as categories of services that are subject to a prohibition on the export, reexport, sale, or supply, directly or indirectly, from the United States, or by a U.S. person, wherever located, to any person located in the Russian Federation, pursuant to Executive Order (E.O.) 14071.”

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Josh Twilley No Comments

The Latest on the Delaware Division of Corporations

The Delaware Division of Corporations governs business entity formations in the state of Delaware. For millions of businesses registered in the state, they are the agency that processes annual reports and franchise taxes, UCC filings, certificates of good standing, entity formation, amendments, dissolutions and cancellations, mergers, revivals, corrections, changes of agent, conversions and numerous other requirements and filings. 

And like so many government agencies at both the federal and state levels, they are swamped. Backlogs are growing. Estimated processing times are extending. Staffing has contracted, with some positions remaining open for months. The pandemic has had its impact. Employees are working overtime and weekends. Burnout is very much a real thing. 

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Gennine Cooper No Comments

Closed – Labor Day

All Incserv offices will be closed on Monday, September 5, 2022 in observance of Labor Day.

Incserv will resume regular business hours on Tuesday, September 6, 2022.

Have a Safe and Happy Labor Day Weekend!

 

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Gennine Cooper No Comments

Closed – July 4th

All Incserv offices will be closed on Monday, July 4, 2022 in observance of Independence Day.

  Incserv will resume regular business hours on Tuesday, July 5, 2022.

Have a Safe and Happy 4th of July Weekend!

 

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Gennine Cooper No Comments

Memorial Day – May 30th

All Incserv offices will be closed on Monday, May 30, 2022, in observance of Memorial Day and

will resume normal business hours on Tuesday, May 31, 2022 at 8:30 AM (ET).

Have a Safe and Happy Holiday Weekend!

 

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Gennine Cooper No Comments

Delaware Division of Corporations Employee Recognition Event

On Friday, May 6, 2022, the Delaware Secretary of State – Division of Corporations will be having their Employee Recognition event. The staff will only be available from 8:00 AM c 10:30 AM on that day.

State services have been altered:

There will be no “Same Day” or “Must Approval” service filings after 10:30 AM (ET) on that day.

All 30 MinuteOne-Hour and Two-Hour service filings will need to be received by 9:00 AM (ET)24-Hour service must be received by 12 noon.

To meet these deadlines, Incserv must receive all filings AT LEAST 15 MINUTES before the Delaware SOS corresponding cut-off times.

We will be able to secure filing dates and times until the end of the business day.

If you have any questions or concerns, please contact our office at 302.531.0855, 800.346.4646 or orders@incserv.com.

 

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