Both the senate and house have passed legislation (House Bill 265) that will increase the annual tax for every limited liability company, limited partnership and general partnership that is registered to do business in the state of Delaware (both foreign and domestic) from $250 to $300. The act will also increase the minimum franchise tax on corporations by $100. The increases are expected to generate more than $51 million in revenue for the state; however, some opponents fear that the increases will hurt current businesses and scare away companies considering incorporating in the state. The act was signed by Governor Jack Markell on April 15, 2014 and will go into effect on January 1, 2014. To read the bill, go here.
The Montana Secretary of State (MT SOS) recently issued a warning regarding an email scam circulating the Internet. The scam appears to be targeting registered agents, whose email addresses are included in a public directory on the MT SOS’s website. The deceptive emails are being sent from “email@example.com,” a perpetrator who falsely affiliates himself with the government office. Each email contains a malicious link which, if clicked upon, may compromise confidential information stored on the victim’s personal and/or work computer. The above image is an example of what the email scam looks like.
The United States Computer Emergency Readiness Team (US-CERT) offers a free, nine-page document entitled, “Recognizing and Avoiding Email Scams,” which you may find useful in protecting yourself against such scams. Some of the recommendations US-CERT makes include:
- Don’t trust unsolicited emails
- Treat email attachments with caution
- Don’t click on links in email messages
- Use your spam filer
- Install antivirus software and keep it updated
Every limited liability company, limited partnership and general partnership that is registered to do business in the state of Delaware (both foreign and domestic) is required to pay an annual tax of $250 due on or before June 1 of each year. Failure to meet the deadline will result in a $200 penalty fee, as well as interest on both the annual tax and penalty fee, which will accrue at a rate of 1.5% per month. Furthermore, an unpaid balance as of the deadline will result in the entity’s loss of good standing. If you have appointed Paracorp as your registered agent, please keep an eye out for a reminder notice being sent via snail mail. If you need any additional assistance, feel free to give us a call at 888.272.3725 or shoot us an email at firstname.lastname@example.org.
If you received an annual report reminder notice from the New Hampshire Secretary of State’s (NH SOS) Corporations Division you’ll want to read this post! The division sent out an alert warning businesses that some of the annual report reminder notices mailed out in early January contained the wrong business ID number. The alert impacts businesses that start with the letter “T” (including those that begin with the word “the”) and continuing through the end of the alphabet. A corrected reminder notice will be mailed out to those affected businesses. If you don’t want to wait for the corrected reminder to make it’s way to you, you can head to the NH SOS’s Corporate Division website to look up the correct business ID.
The latest issue of our newsletter, the Alert, is out now! Make sure you’re “in the know” about industry-related news, and pending and new legislation that may impact your practice; read interviews with experienced professionals; and find a list of events where you can meet up with Parasec in the coming months. Read it all online here.
Interested in receiving an electronic copy of each new Alert? Email email@example.com with the following information:
- First & Last Name
- Email Address
- Company Name
- Company Mailing Address
Please include the phrase “Parasec Newsletter” in the subject line. We look forward to hearing from you!
The Oregon Secretary of State’s Corporation Division is offering free notary seminars throughout the state for current and future notaries public. The goal is to ensure every notary has an opportunity to receive proper training and education regarding state laws and good notary procedure. The three-hour-long seminars will feature a comprehensive look at notary basics, as well as an interactive discussion addressing procedures, practices and notary laws. Seminars are scheduled in a number of cities including: Bend, Grants Pass, Portland, Salem, Seaside and Tillamook. For a full list of cities and dates, go here.
On Friday, March 28, 2014 an employee-recognition luncheon is planned for employees of the Division of Corporations. Employees who normally work the 4-12 shift, will instead work from 1 p.m. to 9 p.m. This one-day schedule change will mean:
- Priority 1 (one-hour service) must be submitted before 7 p.m.
- Priority 2 (two-hour service) must be submitted before 6 p.m.
- All other cut-off times will remain unchanged.
Give us a call at 800.533.7272 if you have any questions.