Source: http://www.leaplaw.com/blawg/pub/pubMain.cfm?LID=8
Timestamp: 2019-05-26 13:46:08
Document Index: 693898368

Matched Legal Cases: ['§ 275', '§ 101', '§1813', '§1841', '§1461', '§ 371', '§18']

Lawyer Blog, Legal Blog, from Legal Forms and Contract Provider, LeapLaw - Blawg -LeapLaw's 50 State Blawg - Delaware
LeapLaw's 50 State Blawg > Delaware
Basics Box: Delaware
UCC: Yes - 2 hour, Same Day and Next Day
Corporate: Yes - 2 hour, Same Day and Next Day
Yes (Corporation - 30 days) (LLC/LPs -120 days)
Apostilles (Delaware)
Conformed Signatures (Delaware)
Contact Information (Delaware)
Domestic Corporate Dissolution Summary (Delaware)
Domestic Corporation Summary (Delaware)
Foreign Corporation Summary (Delaware)
LLC - Formation Summary (Delaware)
UCC Filings (Delaware)
The Delaware Division of Corporations can apostille or authenticate documents notarized by a Delaware Notary, certified vital records from the State of Delaware, and official state documents (e.g., background checks).
It the country is not a member of the Hague Convention, the authentication process is a two step process. First the document will require certification from the DE SOS as to the notary's signature. Second, it will require authentication of the country's embassy or consulate.
In Delaware, conformed signatures are allowed on all filings.
Express Mail Division of Corporations
401 Federal St. - Ste. 4
Regular Mail Division of Corporations
DOSDOC_WEB@state.de.us
Pursuant to Delaware Business Corporation Act (8 Del. C. § 275) a corporation incorporated in Delaware may be voluntarily dissolved by delivering Certificate of Dissolution to the Delaware Secretary of State (DE SOS).
Pre-printed forms are not provided by the DE SOS.
Tax Clearance: A tax clearance is not required. However since January 2008, the DE SOS requires that all annual reports be filed upon the end of a company's existence. Therefore, if the withdrawal is being filed in the middle of a current year, the annual report and franchise tax associated with it are due prior to being able to be dissolved.
After Stock Issuance: Resolution of the board of directors and majority of all voting shareholders at a meeting or by written consent; or Unanimous written consent of all shareholders entitled to vote.
Execution: Signed by an officer (or incorporator if business has not been commenced).
Filing: One copy of the filing may be faxed or emailed to your preferred service company for immediate filing. You will receive the filing date the same day.
Turnaround time: Standard turnaround time in Delaware can take up to two weeks. To receive evidence within 24 hours, the filing may be made on as a "MUST" filing for a state fee of $50.00.
Pursuant to Delaware General Corporation Law (8 Del. C. § 101 et. seq.) a corporation incorporating in Delaware file a Certificate of Incorporation with the Delaware Secretary of State (DE SOS).
Corporate Name: The corporate name must contain "association," "company," "corporation," "club," "foundation," "fund," "incorporated," "institute," "society," "union," "syndicate," "limited" or abbreviation thereof, with or without punctuation, or words or abbreviations thereof, with or without punctuation, of like import of foreign countries or jurisdictions provided they are written in roman characters or letters. The corporate name shall not contain the word “bank”, or any variation thereof, except for the name of a bank reporting to and under the supervision of the State Bank Commissioner of the State of Delaware, or a subsidiary of a bank or savings association (as those terms are defined in the Federal Deposit Insurance Act, as amended, at 12 U.S.C. §1813), or a corporation regulated under the Bank Holding Company Act of 1956, as amended, 12 U.S.C. §1841 et seq., or the Home Owners’ Loan Act, as amended, 12 U.S.C. §1461 et seq., provided however, that it shall not be construed to prevent the use of the word “bank”, or any variation thereof, in the context clearly not purporting to refer to a banking business or otherwise likely to mislead the public about the nature of the business of the corporation or lead to a pattern and practice of abuse that might cause harm to the interests of the public or the State as determined by the Division of Corporations in the Department of State.
Maximum Stock for Minimum Filing Fee:
$75,000 of par value shares or 1500 w/o par shares for lowest filing fee.
3000 shares with or w/o par value minimum annual franchise tax.
NOTE: If a corporation has no par value stock, the corporation has to pay the base franchise tax (tax based on authorized stock). They are not permitted to use the alternative tax method to calculate franchise tax (which often results in a lesser tax amount). The maximum amount of no par value shares that you can authorize for the minimum franchise tax ($75) is 1500 shares.
Incorporator: Section 101 provides that an incorporator may be "Any person, partnership, association or corporation, singly or jointly with others, and without regard to such person's or entity's residence, domicile or state of incorporation, may incorporate or organize a corporation under this chapter..."
Filing Fees: Vary
Additional fees include your fee for registered agent services.
For more information regarding incorporations, see LeapLaw's Delaware Incorporation Best Practice Summary.
Pursuant to the Delaware General Corporation Law (8 Del. C. § 371) a foreign corporation, may not transact business in Delaware until it files a Foreign Corporation Certificate with the Secretary of State.
Name of Corporation: Name must contain "association" "company" "limited" "corporation" "club" "fund" "union" "foundation" "society" "incorporated" "institute" "syndicate" or abbreviations thereof.
Good Standing Certificate: The foreign corporation certificate must be accompanied by a good standing certificate, no more than six months old, duly certified by the secretary of state of the domestic state.
Filing and Execution: The filing is signed by an officer of the company. Faxed copies are acceptable. Conformed signatures are acceptable.
Filing Fee: $160.00. Expedited services are available for additional fees.
Post-Filing: Foreign companies do not pay DE franchise taxes but are required to file their annual reports due on or before June 30th of the following year. The fee for filing the Annual Report is $100.00.
Pursuant to the Delaware Limited Liability Company Act (DGCL §18-101 to 18-1109 et seq.) a limited liability company forming in Delaware files Certificate of Formation with the Delaware Secretary of State (DE SOS).
LLC Name: The LLC name must contain the word(s) "limited liability company" "L.L.C." or "LLC.
Capitalization: The contribution of a member to a limited liability company may be in cash, property or services rendered, or a promissory note or other obligation to contribute cash or property or to perform services (18-501).
Execution and Filing: Executed by an organizer.
Filing: One copy of the filing may be faxed or emailed to an your preferred service company for immediate filing. You will receive the filing date the same day.
UCC financing statements and amendments may be filed online in Delaware.
You must be a registered user and pay by Visa or Mastercard.
DE UCC Fee Increase
Effective August 1, 2007, the State of Delaware will increase UCC filing and expedited fees as follows:
The fee for filing and indexing a UCC document of one to four pages communicated on paper or in a paper-based format (including faxes) will increase to $75.00.
If there are additional pages, the fee is $2.00 per page. There shall be a fee of $25.00 for each additional name to be indexed when there are more than two debtor-names on the financing statement.
The fee for Two Hour expedited service will increase to $200, the "same day" fee will increase to $100 and the 24-Hour fee will increase to $50.
The Routine service will continue to be no expedited fee.