Delaware Company Records Checklist

State:
Multi-State
Control #:
US-DD0708
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

This due diligence form is a checklist of company records provided for review at meetings regarding business transactions.

How to fill out Company Records Checklist?

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FAQ

The public can obtain any Delaware company's Certificate of Incorporation simply by contacting the state and paying a fee; however, whether or not the public can ascertain the person/people behind the company depends on which, and how much, information appears on the Certificate of Incorporation.

Simply put, Delaware no longer offers complete anonymity for corporations. LLCs are another story. Regardless, it's always best to do a thorough check (or hire an attorney) before choosing where to form your business.

Since Delaware LLCs are not required to file annual reports, the state does not receive owner or manager information on a recurring basis either. The formation service will designate an authorized person or organizer in the office, who will sign the initial filing document, rather than a member or manager of the LLC.

All Delaware corporations, nonprofits, LLCs, LPs, and general partnerships must file a Delaware Annual Report and/or pay an annual franchise tax. Domestic corporations must file an annual report and pay a franchise tax. Foreign corporations and nonprofits are only required to file an annual report.

Although Limited Partnerships, Limited Liability Companies and General Partnerships formed in the State of Delaware do not file an Annual Report, they are required to pay an annual tax of $300.00. Taxes for these entities are due on or before June 1st of each year. Penalty for non-payment or late payment is $200.00.

Delaware Corporation: What is on Public RecordThis information is required even if your Delaware Registered Agent pays your Franchise Taxes for you. Therefore, this information may be obtained by anyone requesting it from the Delaware Division of Corporations (for a $10 payment).

Unlike most states, Delaware does not require LLCs to file annual reports. However, the state does require LLCs to pay an annual tax (see below).

You can find information on any corporation or business entity in Delaware or another state by performing a search on the Secretary of State website of the state or territory where that corporation is registered.

All corporations incorporated in the State of Delaware are required to file an Annual Report and to pay a franchise tax. Exempt domestic corporations do not pay a tax but must file an Annual Report.

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Delaware Company Records Checklist