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Delaware House Bill 175 Passed

Deldelawareaware House Bill 175, passed on July 2nd, alters various fees assessed by the Delaware Secretary of State.  The Bill Synopsis is as follows:

“This Act alters various fees assessed by the Delaware Secretary of State. The Act provides that most changes to the fees and taxes assessed will take effect on August 1, 2017; however increases to the maximum franchise tax and the late penalty for the filing of an annual franchise tax report shall take effect for the tax year beginning January 1, 2017, and the increase of the assumed par value multiplier for calculation of the corporate franchise tax and the authorized shares multiplier for corporations with greater than 10,000 authorized shares for calculation of the corporate franchise tax shall take effect for the tax year beginning on January 1, 2018.”

Click here to read Delaware House Bill 175 in detail.

If you have any questions or need assistance with annual reports or franchise taxes, please do not hesitate to contact us.

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Legislative Changes in Washington Take Effect This Month

Incorporating Services, Ltd. (Incserv) is an active member of the National Public Records Research Association (NPRRA).  One of the many benefits of this membership is the continuous flow of information from other members regarding changes in policy, law and processing of public records searching and filing across the US. We received the below information from the NPRRA.

Washington has enacted the following business entity legislation (Laws of 2017), effective July 23, 2017.  Amendments relevant to corporate services:

Senate Bill 5011

Business Corporation Act Amendments:

  • Authorizes ratification of defective corporate acts, including over-issuances of stock, with a related required filing of a Articles of Validation if the defective act that is validated required a filing to be made.
  • Authorizes parent/subsidiary mergers with a subsidiary surviving (i.e. downstream short form mergers).

The Bill may be accessed at http://lawfilesext.leg.wa.gov/biennium/2017-18/Pdf/Bills/Senate%20Passed%20Legislature/5011.PL.pdf

Senate Bill 5040

Business Organizations Code Amendments:

  • Revises contents of foreign entity status certificates issued by the Secretary of State.
  • Revises contents of business corporation Annual Reports.
  • Clarifies that the tax clearance requirement upon foreign withdrawal applies to only foreign corporations.

Partnership Law Amendment:

  • Requires LLPs to file an Annual Report instead of an Annual Notice.

The Bill may be accessed at http://lawfilesext.leg.wa.gov/biennium/2017-18/Pdf/Bills/Senate%20Passed%20Legislature/5040.PL.pdf

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Incserv Celebrates 45 Years in the Industry of Forming Businesses

INCSERV 45TH ANNIVERSARY INCSERV 45TH ANNIVERSARY VERTICALJune 28, 2017 marked the 45thanniversary of Incorporating Services, Ltd. Formed in 1972 as a branch of a Delaware law firm, Incserv has grown from a small local business venture among colleagues to a multi-brand, multi-channel international business with a network across the nation.

Incserv started out offering simple corporate formation and registered agent services, but has expanded through the years and now offers a plethora of services within their four major brand categories: Corporate Services, Registered Agent Services, Uniform Commercial Code (UCC) & Lien Services, and Federal Agency & Embassy Services. Incserv’s services have grown and their reach stretches across the globe, but they have not forgotten their humble beginning and continually find ways to give back to the local communities they do business in.

A variety of product enhancements and events mark the celebration of this notable 45th anniversary for Incserv. In March, Incserv revealed a new logo, product branding, website revamp, and updated client portal to kick-off the celebration. Product enhancements include new tiers and options for annual report compliance, mail forwarding, and virtual office services. In-office celebrations will continue through the month, culminating with a group community service effort. Incserv’s Delaware headquarters is partnering with the Central Delaware Habitat for Humanity to host a Framing Frenzy. Incserv staff will work together to frame a new home, which will later be transported to its permanent foundation in the local community.

“The growth Incserv has experienced in these 45 years is remarkable, but we couldn’t have done it without our amazing staff and the support of our local communities. As we celebrate our anniversary, we also want to thank our employees and celebrate the community”, says Joshua Twilley, Incserv President.

 

Curious about all the services Incserv has to offer now?  Take a look around the site or contact us for more information.

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Illinois Makes Changes to Limited Liability Company Act

Incorporating Services, Ltd. (Incserv) is an active member of the National Public Records Research Association (NPRRA). One of the many benefits of this membership is the continuous flow of information from other members regarding changes in policy, law and processing of public records searching and filing across the US. We received the below information from the NPRRA.

Illinois Secretary of State has issued changes to their Limited Liability Company (LLC) Law.  Effective 7/1/2017. Illinois

To read the HB 4361 in its entirety:
http://www.ilga.gov/legislation/publicacts/99/PDF/099-0637.pdf

If you have questions or need assistance, feel free to contact us or call 800-346-4646.