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LLC vs PLLC: A Side-by-Side Comparison

LLC vs PLLC: A Side-by-Side Comparison

Deciding between forming an LLC (Limited Liability Company) or a PLLC (Professional Limited Liability Company) is more than just a simple choice. It determines ownership options, liability protections, and the rules you need to follow. Let’s review the differences between LLCs and PLLCs so you can select the best structure for your business. What is an LLC? An LLC is a hybrid business structure that combines key features of corporations, partnerships, and sole proprietorships. An LLC offers the limited liability protection of a corporation, shielding the owner’s personal assets from business...

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THE BASICS OF A CORPORATE NAME RESERVATION

THE BASICS OF CORPORATE NAME RESERVATIONS

Becoming an entrepreneur is an exciting and momentous time in someone’s career, but producing a name that suits your business can be extremely challenging. After conjuring up a few name ideas and doing a quick search with the Secretary of State for availability, is the race on to get your business formed so nobody else steals the name you worked so hard to decide on? This is where a name reservation comes in. It buys you time to organize your business affairs and branding while saving the business name of your choice! WHAT IS THE DIFFERENCE BETWEEN NAME AVAILABILITY AND NAME RESERVATION?...

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8 Steps to Forming a Business Entity

What You Should Expect From Your Registered Agent

Congratulations! You have decided to start a business and embrace your entrepreneurial spirit. Forming a business entity does not have to be intimidating or complicated. We can help. We have broken down the formation process into eight simple steps and given you some food for thought. Choose a Name and Check to see if it is available Before registering your business, please check your name availability with the state in which you are registering. Each state has unique rules regarding naming and may or may not accept variations of business names. Check the Domain Name Your company’s domain...

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Delaware State Bill 110 LLC and Corporation Fee Increase

delaware llc fee increase

Effective August 1, 2023, the State of Delaware Division of Corporations will implement a fee increase for Limited Liability Companies (LLCs) and Corporations. This decision comes following the enactment of Delaware State Bill 110, which seeks to strengthen and bolster the state's business infrastructure. Under the revised fee structure, the new filing fee for LLCs will be $110.00, a $20.00 increase from the previous amount of $90.00. Similarly, Corporations will experience a minimum fee adjustment from $89.00 to $109.00. Please note that this fee increase does not affect the fees for...

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