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Therefore, since Delaware is the state of organization for so many business entities, adoption of UCC Article 12 in that state makes the UCC Article 12 choice of law rules available to those entities.
1 filing is good for five years.
There is a $90 one-time state filing fee to form a Delaware LLC. There are also ongoing fees (like a $300 Annual Franchise Tax fee), which we discuss below.
Electronic UCC filings may be submitted directly to the Division via the State's e-UCC web application or through a variety of UCC XML submitters. Paper filings may be submitted through an Authorized UCC Filer who will submit the filing electronically to the Division.
UCC Filing Fee Schedule $50.00 (flat fee ? no additional charges apply) Submitted on the web.
The Delaware Secretary of State will accept a UCC financing statement on any prescribed IACA form; and on any other written form so long as the contents of that financing statement is sufficient, that is, the name and address of the debtor; the name and address of the secured party, or a representative of the secured ...
UCC Filings When a business is approved for secured financing, the lender or creditor files a UCC-1 Financing Statement with the secretary of state in the state where the entity is registered.
A UCC FIling is a shortened term for the ?Uniform Commercial Code". A UCC-1 Financing Statement is a legal form that allows a creditor to give notice towards their interest in the personal or business property of a debtor.