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Shoreline Corporate Service Group Will Gets Businesses Established in Delaware
Shoreline Corporate Service Group (SCSG), an affiliate of RCSG, is a go-to for companies seeking to establish their presence in Delaware.
For decades, Delaware has been the home state of choice for incorporating a new or existing business, especially a business that its owners want positioned for explosive growth. The reason is that the state is both very business friendly and has a more well-established legal system than any state for dealing with business disputes.
Here’s a fast fact: More than two-million businesses call Delaware their home state, including more than 60 percent of all Fortune 500 companies. By comparison, only one-million people make their home in Delaware.
By having SCSG as an affiliate in Delaware, RCSG offers its clients the best of all worlds: access to states like New York, New Jersey, Pennsylvania and Florida through our main office, with an easy on-ramp to establish a presence in Delaware.
Why would you want your business to be established in Delaware?
Delaware is one of the most – if not the most – business friendly states in terms of taxation and business law. SCSG provides a variety of services for our clients who decide they want to incorporate or re-incorporate in Delaware.
• Corporate Formation: SCSG can shepherd you and your company through all of the preliminary paperwork and will bring in a qualified lawyer to complete the final steps to establish your Delaware corporation. (SCSG is not a law firm and cannot provide direct legal services.)
• Registered Agent: SCSG can serve as your company’s registered agent, providing you with an unparalleled level of service in terms of the filings and submissions necessary to keep your Delaware company current.
• Corporate Secretary: SCSG can act as your corporate secretary, keeping your compliance current and other regulatory filings, drafting and submitting corporate resolutions and amendments, etc.
• Bookkeeping: SCSG contracts with reliable third-party bookkeeping services to keep our clients’ financial records current and ready for a CPA’s review.
• Regulatory Compliance: SCSG has years of experience maintaining clients’ regulatory paperwork with state and local agencies.
• Document Retrieval: SCSG can provide legal document retrieval, tracking down necessary documents for filings or in loan applications, and providing background checks on your new hires.
• Virtual Office: SCSG offers clients an opportunity to establish a virtual office in Delaware. Depending on the package chosen, SCSG will handle mail and documents as necessary, including scanning. Beyond providing clients with a local mailing address, SCSG can also arrange for a local phone number.
Another advantage of incorporating in Delaware is that this is a state that prizes privacy, so if you have corporate officers or shareholders who do not want to be identified, Delaware does not force you to disclose their names.
And there is the state’s renown Chancery Court, which is the most established of the nine chancery courts in the United States. Chancery courts are courts of equity, which use more flexible principles of equity rather than common law to decide business cases in a more fair and equitable manner. No state court system has a more well-established set of legal precedents than the Delaware Court of Chancery, making it a great choice for corporations.
SCSG can move quickly in setting up your S-Corp or C-Corp in Delaware and then have you established as a foreign company or corporation in the state where you are currently established. As your registered agent, SCSG and RCSG will handle all of your business license filings and renewals in all states, taking a significant burden off your agenda and creating smooth management of your business affairs.
In short, being a Delaware corporation comes with a universe of benefits, especially if you are seeking to have the ability to scale your business from small to medium or medium to large in our highly competitive economy. And SCSG, with its business forward approach, is your perfect partner for such a plan.
RSCG is your business forward corporate services partner. We offer a wide variety of cost-friendly services ranging from paralegal to notary public to compliance support. We are based in Staten Island, New York, but we also operate in New Jersey, Pennsylvania, Delaware and Florida. We are confident you will be very impressed with what RCSG offers.
When choosing to incorporate in Delaware, why should I choose a corporate services firm instead of a registered agent?
A great way to think about this is to understand the role of a registered agent as your company’s mailbox while a corporate services firm is the back office. Yes, a corporate services firm like Shoreline Corporate Service Group also includes registered agent services, but we also will do your entity formation, file Articles of Incorporation, File Annual Reports required by the state, manage any subordinate Doing Business As (DBA) trade names, obtain EINs (Tax IDs), handle Foreign Qualifications for doing business in a different state, and perform document retrieval for such items as Certificates of Good Standing or certified copies.
Can I be my own registered agent in Delaware if I live out of state?
No. While you can serve as your own registered agent in your own state, unless you have a physical street address in Delaware, you cannot serve as your own registered agent. Shoreline Corporate Service Group not only offers services beyond those of a standard registered agent, but we can also provide your company with a virtual office in Delaware, creating other competitive advantages.
What are the real risks of not using a Delaware registered agent and doing it myself or having a friend in Delaware do it?
he legal risks and consequences of missing filing deadlines in Delaware can be severe. Missing a notice can lead to hefty late fees on missed a Delaware Franchise Tax payment, default judgments, or the state moving a company to Void status. Having an in-state agent like Shoreline Corporate Service Group insulates you from such liability.
Is my company better off with a registered agent or Delaware corporate services firm?
A corporate services firm is unquestionably the answer. Among the real risks are the annual Franchise Tax and Corporate Report filings. Missing those can lead to fines, headaches, and a loss of good standing. Registered agents don’t typically handle that; Shoreline Corporate Service Group does.
If I’m currently using a registered agent and am either unhappy with them or want greater capabilities, would it be expensive to change to Shoreline Corporate Services Group?
It’s not expensive to change from a standard registered agent to Shoreline Corporate Services Group. We know that having more back-office capabilities or escaping one of those “low introductory rate traps” can be important to businesses. We will handle the Change of Agent filing with the Delaware Division of Corporations, and the filing fee is $50.
