What is a Certificate of Incumbency?
A Certificate of Incumbency is a document that you prepare as a secretary of your corporation. A Certificate of Incumbency is often used to prove that a particular individual is authorized to enact legally binding transactions on behalf of a company. According to the laws of Delaware, you do not have to write down all the information about your company on a certificate of formation....
Operating a Delaware Business in Nevada
LLC owners, this means better protection for their assets and limited liability.
When a business is started in Delaware, it is regarded as a local entity in Delaware while it is considered to be a foreign entity in all other states. The process with which your company is authorized to operate in other countries is called “Foreign Qualification.”
If you want to register your Delaware company in...
Buying a Company in the U.S.
Are you ready to invest in the U.S. but afraid to start from the scratch? You can consider buying an existing company in the U.S. Of course, this situation has its pros and cons. Do not think you will write a check and get the keys.
Consider the Pros and Cons
Buying an existing company has a lot of pros. For example, you will already have an existing customer group, a team in which people...
Non-Profit Organization
Starting a non-profit organization can bring you excellent entrepreneurship experience. It creates a chance to help the community and make a difference. Starting a non-profit organization is similar to starting other types of businesses with profit. There are some steps you should consider to be successful. Here, you can find some of those steps:
Step 1: Be organized and do your homework...
Delaware: Business-Friendly and Tax Heaven
When it comes to starting a business, Delaware has been one of the leading states for more than 100 years. Delaware hosts more than 1 million businesses. 63% of Fortune 500 companies also are in Delaware. Last year, people started more than 145 companies in Delaware, and 70% of these businesses are LLCs.
One of the main reasons why companies choose Delaware is that its laws are improved...
Delaware and Financial Organizations
Many critical financial organizations choose Delaware as their home thanks to its essential corporate law and business-friendly legislation.
Critical financial organizations including special-purpose banks are choosing Delaware to take advantage of Delaware’s extraordinary privileges.
In 1981, the Delaware Financial Center Development Act was a great encouragement for banks. Elimination of...
Ways to Open a U.S. Bank Account
If you trade with U.S. companies, your clients may ask to process payments via local payment methods. Even though some businesses state they use services such as PayPal or Wire Transfers, these methods may sometimes be inconvenient, time-consuming and costly.
The U.S. Government makes it difficult for non-residents to open a U.S. bank account. But, is it impossible to open a bank account in...
Delaware and Blockchain Technology
What is Blockchain?
Blockchain technology is a way to clear and settle almost all types of transactions as fast and easy as possible permanently for each participant of the transaction in question.
It helps people or businesses transfer their assets to each other with no extra cost or delay. This technology will remove the traditional expenses and delays of paper transactions. You need to keep...
Become an Authorized iOS App Developer
Lots of developers are trying to sell their app ideas to Apple. We support this entrepreneurship and provide you with the necessary steps to become an authorized iOS app developer.
The first step Apple requires is to register for an annual fee of $99. After you register, you can submit your application.
First, your application will be checked and then it will inform you about what you need to...
E-2 Visa Denial
E-2 Investor Visa is a great option for foreign investors who seek for a business atmosphere in the U.S. However, and it has some complicated requirements. If you fail to meet those requirements, your visa may be denied. We will be trying to list some common reasons why your permit can be rejected so you could avoid it.
Let’s start with how the E-2 Investor Visa works. It is an excellent...
Notarial Acts in the US
Some acts may need to be notarized to be accepted officially. Notarization of a deed proves that it is legal and individuals or parts have given their consent for this act. Additionally, those registered notaries are particularly authorized by the government/state for this kind of actions.
The number of authorized notaries per provinces in Turkey is decided by the population of the area they...
Ways to Apply For an E-2 Treaty Investor Visa
If you are a citizen of a country with which the US has a valid Treaty of Commerce and Navigation, you may be eligible for E-2 Treaty Investor Visa. To get this visa, a “substantial” investment in a U.S. business is required. With this investment; you, your spouse and minor children may be eligible for a long-term US visa.
There are two possible ways to apply for the E-2 Treaty Investor Visa:...
Opening a Restaurant in the US
No matter where you open your restaurant in the US, you need to collect some licenses and permits. Some grants and licenses depend on the state you are planning to open your restaurant. You may also need extra licenses for bars or fast-food chains. If you are starting a whole new restaurant, then the amount of these licenses may increase.
EIN – Employer Identification Number
A restaurant...
Disregarded Entity LLC
Disregarded Entity LLC
As LLCs started to become more and more critical, the IRS decided to adopt an already-existing tax category to LLCs instead of creating a new one. The most significant advantage of LLCs is that the owners can also show loss/profit of the company in their tax returns.
Disregarded Entity
A Disregarded Entity business type is independent of its owner to some extent for...
Operating in California as a Delaware LLC
How can a Delaware LLC operate in California?
If you are a Delaware LLC operating in California, you are regarded as a foreign entity in California while you are a local business in Delaware.
If your company physically operates, recruits workers, does banking transactions or even is a company with a high income in California, you need to go through a process known as “Foreign Qualification.”...
What is DUNS Number and How to Get It?
What is a D-U-N-S Number?
DUNS is a 9-digit number for businesses. Provided by a company called D&B, it represents the Data Universal Numbering System, identifying transactions all over the world. You can regard this number as a universal registration number. This system usually used by creditors and potential partners to see the credibility and the stability of a business. It creates a...
Sales Tax for Businesses
“Sales Tax” is always one of the significant questions for business owners in Delaware. Should you collect sales tax when you operate in other states? To answer your questions, you can read our article or contact us via e-mail/phone.
Collecting Sales Tax Online
If you are operating a business with a physical shop in which you sell your products, it is quite easy to handle “sales tax”: you...
Delaware: Right Place to Start Your Own Business
Companies with the brightest future are usually started in Delaware. Its infrastructure, courts, and laws create an atmosphere of success and improvement.
Do you need capital? Investors usually prefer Delaware companies.
83% of total American public companies were incorporated in Delaware in 2013. According to a report by Delaware Division of Corporations, more than half of American public...