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Delaware House Bill 175

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.

Delaware House Bill 175, Laws of 2017, has increased the following corporate franchise tax rates and amounts and statutory (business) trust fees, effective as noted below.

Franchise Tax

  • Delinquency fees from $100 to $125 (January 1, 2018)
  • Tax multiplier from $75 to $85 related to the authorized shares calculation (January 1, 2018)
  • Tax multiplier from $350 to $400 related to the assumed par calculation (January 1, 2018)
  • Minimum tax related to the assumed par calculation from $350 to $400 (January 1, 2018)
  • Excepted as below, maximum tax from $180,000 to $200,000 (effective for the tax year beginning January 1, 2017)
  • Creation of a new $250,000 maximum for certain publicly traded corporations effective for the tax year beginning January 1, 2017)

Statutory Trusts

  • Maximum fee for filing documents from $300 to $500 (August 1, 2017)

The Bill may be accessed at:

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

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New Hampshire Corporate Law Updates

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.

New Hampshire has enacted the following legislation, effective as noted:

Senate Bill 42, Laws of 2017, effective August 27, 2017, has amended the business and nonprofit corporation laws by repealing the requirement that a public hearing be held in connection with domestic reinstatements. This applies to late reinstatements for business corporations.

The Bill may be accessed at

Senate Bill 18, Laws of 2017, effective August 28, 2017, has amended the business corporation and LLC laws by authorizing revoked foreign corporations and foreign LLCs to apply for reinstatement.

The Bill may be accessed at

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

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Delaware House Bill 175 Passed

Delaware 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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Four Changes & Processing Delays to Know About Before Traveling

If you’re getting ready to travel abroad and need to apply for or renew a U.S. Passport here are a few things you might need to know:

  1. Passport Processing is Slowing

Getting a U.S. Passport or renewing your U.S. Passport is usually pretty easy.  However, the U.S. State Department has recently made some changes to the passports themselves.  The changes combined with an increase of application requests are creating a massive backlog.  So be sure to plan far enough in advance of your trip!

  1. Passports are Changing

Starting in 2016, changes started taking place.  A major change for many people is eye glasses are no longer allowed to be worn in passport photos. Passports also got a makeover with fewer pages and a special coating to better protect the passport book. A new security chip has also been installed inside the passport to better protect against fraud. The U.S. State Department says you can expect to see even more changes in the future as technology continues to advance.

  1. Passport Six Month Validity Rule

A major passport change many people are unaware of is the Six Month Validity Rule.  Many countries, including the majority of European countries, have adopted the rule.  Under the Six Month Validity Rule, you may be denied entry if your U.S. Passport is set to expire within six months.

  1. REAL ID Act Affects Domestic Travel

The REAL ID Act passed in 2005 and comes into effect January 22, 2018. Per the U.S. Department of Homeland Security, “passengers with a driver’s license issued by a state that is still not compliant with the REAL ID Act (and has not been granted an extension) will need to show an alternative form of acceptable identification for domestic air travel to board their flight.” Beginning October 1, 2020, EVERY air traveler will need a REAL ID-compliant license or another acceptable form of ID to board domestic flights.

For more information about U.S. Passports, click here.

For more information about REAL IDs, click here.

Already have your U.S. Passport, but need help processing your Visa? Email  or call us at 202.386.7575 to find out how we can help.

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UPDATE: Proposed BILL Could Increase Wyoming Statutory Annual Reporting Fees

Good morning.

Last evening we received new correspondence from the Secretary of State of Wyoming, Ed Murray.

TO:        Wyoming Commercial Registered Agents and to the Businesses You Represent

FROM:   Ed Murray, Wyoming Secretary of State

RE:        An Update on House Bill 267

In follow-up to my email of yesterday (January 31st), I want to report to you on the status of House Bill 267 now before the Wyoming Legislature.  Today, the House Appropriations Committee considered HB 267 and I voiced my opposition to the bill.

I stand firm in my belief that raising fees without thoughtful and deliberate study to assess the impact of such an increase is harmful to Wyoming businesses and could jeopardize Wyoming’s ranking as the best State to start a business.

The Committee amended HB 267 and lowered the originally proposed 200% increase in annual fees to a $25 increase in those same fees.

I want to thank the House Appropriations Committee for allowing myself and other members of the public to have a meaningful conversation about this bill.

HB 267 will now go before the full House for consideration in the coming days.

With my best regards,



Ed Murray

Wyoming Secretary of State

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10 Easy Things To Do To Get Your New Business Started Right

Now that you have taken the step of registering your new business entity there are several more What do I do after I start my company? top 10steps to take to get things off on the right foot. The sooner you take care of these the sooner you’ll be ready to launch into your new venture at full speed ahead!

1.       Open a bank account

Your new entity is required to keep track of its income and expenses separate from your personal funds or those of your other businesses. The easiest and safest way to accomplish this is to open a new bank account in the name of your new company. The bank will require you present your registration paperwork and your EIN in order to open an account in your company’s name so be sure to print out your paperwork so you can show them.

Often times banks will suggest you open several accounts because that is how they make their money but for a new business you really only need a basic checking account. They may require a savings account as well but anything beyond that is unnecessary. I recommend using a bigger business friendly bank with no or low fees and a good online banking system as that is most likely how you will generally interact with your bank. The only exception is if you have a storefront business and will need to stop in frequently to get change or make cash deposits.

2.       Get your bookkeeping set up

Along with getting a bank account open the best way to handle bookkeeping for your new business is to start the process early! Since every cost related to starting the business is a deductible expense you want to make sure you start tracking them immediately- including the cost of registering the business.

The right way to do this is use a business bookkeeping program like QuickBooks or Xero that is designed to help your do your business accounting correctly. If you don’t have time to do it yourself or don’t want to take the time to learn, I highly recommend outsourcing this to a reliable firm. Of course I am biased, but after having cleaned up countless bookkeeping disasters from self-taught clients or so-called professionals I can definitely tell you having it done right by an expert from the start is the cheapest option. We’ve set up a special bookkeeping deal for IncServ clients here for even more savings!

3.       Get a logo

Having a logo makes your business look more official and it gives you something to use as a basis for your business card and website design in terms of color and style. You can design your own or you can hire a designer. There are very good designers you can find for as little as five dollars on a site like or you can spend more at a site like 99Designs and maybe get a higher level of design expertise. You don’t have to have one of course but if you want to appear a little more established and professional it definitely helps.

4.       Get a website

Today it is almost impossible to get by without having a website with at least basic company information. A few of my clients still live on word of mouth but they are the rare exceptions and I wouldn’t recommend it. You can also use a site like to get a basic website made or there are sites that let you create your own. Every town also has local firms you can find online that offer packages from under a hundred to several thousand dollars and up depending on what you need. Unless your business is an online business I recommend not spending much here as you can get a very good looking design that works perfectly well for very little money. You can always upgrade later if business takes off.

As a side note, I also recommend having a company email as opposed to a free service one. The email just looks better than

5.       Order business cards

Once you have your logo, website and email address you should order business cards. As old fashioned as they seem I still find myself giving them out and getting them almost every day. Sure lots of people will instantly just take a picture of it with their phone, but if you don’t have one they can’t do that, right? I recommend going to Vistaprint as they do a nice job and have very good prices. You can use a generic design or get one custom made. I don’t think it matters too much as long as you have your info on there and always have some handy to give out.

6.       Talk to your insurance agent

If you are going to lease a commercial space or have employees this is a must do step but even if not you should still at least contact a commercial insurance broker to find out what you might need and what it will cost. Many small businesses start out without insurance and most get away with it but not having it when you need it is always a disaster. Your insurance agent can advise you on what kinds of coverage may be appropriate for your business and the cost which in most cases can be split out into payments to help with cash flow.

7.       Get your local licenses in order

Depending on where you live and what kind of business you are getting into this process may be very simple or it may become a nightmare. Hopefully you are already aware of what you need but if not doing some online searches for your city as well as local area and state should eventually steer you in the right direction. Things are all over the place here as some areas have really worked hard to cut red tape and make things easy and others still seem to be thirty years behind in this department.

8.       Register for sales tax or a sellers permit

If you live in a state that collects sales tax and you are selling items to the general public you are going to be required to collect and pay sales tax. It is up to you to find out how much to collect, when you have to pay it and how it needs to be paid. Unfortunately, most states take a tough stance against businesses that fail to do this or do so late. To avoid penalties and problems make sure you find out what your obligations are before you start making sales.

If you are going to be buying items to resell or use to manufacture goods you will also likely need a permit to allow you to not pay sales tax sometimes called a resellers permit.

9.       Get started with social media and review sites

For some businesses being on Twitter and Facebook won’t be part of the game plan and for others it will be critical. Either way, I recommend at least logging on and securing your business name on these sites so it isn’t taken by someone else if possible. Then even if you don’t use it you won’t have someone else who is causing confusion.

I also suggest if getting reviews is going to be part of your marketing plan then take the time to set up your business listing in Yelp, Google and any other site that may send you traffic or come up in a search related to your business. If you work in the home improvement industry you may very well want to consider joining Angie’s Listas well. Whatever you can do to help promote your business and have it be found in a positive light is going to be to your advantage.

10.   Start selling!

You can do all the other steps but nothing really happens for your business until you start selling whatever product or service your business has been created to offer. There is no time like the present to go out and see how the market reacts to what you are doing and immediately begin tweaking things to continuously improve the customer experience and demand.

Sometimes people like to start with the easy stuff such as registering the business and setting up the website. That’s a good accomplishment but until you actually get out and make the business happen it’s not really a business yet. So don’t wait, start now and get busy building it into the business you’ve been dreaming about!

Bonus – find a mentor

Having someone to look over your shoulder, ask for advice and hold you accountable to your goals is a great business asset to have. This is even more true if you are new to the industry or new to business overall and the mentor you find can help guide you in the specifics of what you are doing. If you don’t already know someone you can trust for this role try looking to local industry groups, SCORE counselors or accomplished business people in your community. Many people who have been successful are happy to give back to those coming up in the ranks and will be willing to take on the role as long as you are willing to listen and consider their advice. If you can find a good mentor you will that much farther along on the path to success.

About the Author: Matt Remuzzi is the owner of CapForge Bookkeeping, a firm that works small business owners and new startups across the country to make their bookkeeping painless. He is a serial business owner himself and works with clients to help them become successful above and beyond simply balancing the books. If you need help with your books or just have general questions, you can reach him at or 858-633-3573.