Incorporation in Delaware: small state, but great company

You have noticed that each large company is incorporated in Delaware, if you have noticed that you have ever wondered why? The short answer is that our federalist system creates competition between states and free trade through the states.

Federalism makes states compete

Once incorporated into a state, in general, a company can use state laws to control most of its interactions with its clients, even those customers that are out of state. Therefore, most companies choose the state with more advantages for their businesses. Delaware has become the clear winner because of a mix of business laws, extensive case histories, low taxes and the ease with which a business can get in.

A company is not required to have any real employee or company in the state in which it entered. Not only Pepsico, Inc. (Pepsi) joined Delaware, but there are also several regional bottling affiliates: Pepsi-Cola Bottling Company of Ohio, Pepsi-Cola Bottling Company of Rocky Mount, NC, as well as the company of D & # 39; Pepsi-Cola bottling of Wisconsin from Kenosha and Racine.

Advantages of Delaware

Each company must be incorporated in at least one state. Incorporation simply means that the company must present the appropriate articles of incorporation with the Secretary of State of the country, pay the taxes and taxes of franchise and have a corporate agent in the state . Compared with other states, Delaware has lower incorporation rates and annual franchise taxes and corporations that incorporated into the state but do not make any business in the state are not subject to the # 39; business income tax. In addition, shares in a Delaware corporation are not taxed if the owner lives outside the state. The rules of Delaware have translated into positive results; More than 50% of commercialized companies and 58% of Fortune 500 companies are leased to Delaware.

The incorporation of a company is important also because when it is sued, the lawsuit must normally be submitted to the company's incorporation status. Delaware is a very popular destination for businesses, partly because of its low taxes, but also partly because of its unique legal system. Most states have a general court that is in charge of all civil and criminal cases, and in most cases the parties have the right to a jury trial. Delaware has two court of judgment, the Superior Court and the Chancellery Court. The higher court is the court of general judgment for all criminal and civil matters and functions like most other trial courts in the country. The Court of the Chancellery, however, is what makes the state unique.

Court of Delaware of the Chancellery

The constitutional right to a jury trial does not extend to civil cases in equity, and most of the lawsuits that involve companies are cases of equity. The Court of the Chancellery of Delaware is a court of specialized fairness and is dedicated mainly to cases related to the company. Since you only hear debt cases, you can do so without a jury, this provokes faster evidence and more consistent verdicts.

This unique structure creates its own wave of success. The large number of corporations based in Delaware correspond to more cases involving complex operations, sales, mergers or acquisitions. The more cases a judge feels, the experience increases and the contributions of each judge to the predictability of the case law of the state. This legal consistency, in turn, is seen as a positive for companies that are seeking to get in, so that more companies decide to join Delaware, growing even bigger.


States can compete with Delaware for corporate letters making their laws easier to do business. An example is Nevada. Nevada has actively changed its corporate laws to address companies incorporated in Delaware. Nevada has acted to reduce corporate taxes and make laws more user-friendly to the manager. It is almost impossible for an officer or director of a Nevada corporation to be personally responsible for its commercial activities. Only two of the last 20 years have a Nevada "perforated corporate veil" Nevada court of limited liability.

But money can not be the fundamental reason to incorporate it. As mentioned earlier, companies like the consistent way that Delaware law applies. In order for a state to create an independent court of equality, you will have to re-write the whole legal system of the state. In this area of ​​corporate competition, Delaware has a 200-year start with its Chancery Court.

Source by Kristin Gonzales

Information on California Divorce Records

Looking up public records at government departments in general will be a challenge to most of us but trying to find a Divorce Record in California at their Office of Vital Records will be a test of character in black-belt proportions. Those who have tried are likely to opine that if you are able to persist with them, you are either a really tough cookie or you are just not aware of any other means.

As of 2007, day-to-day functions of the California Department of Health Services (CDHS) have been reorganized under two separate departments: The Department of Health Care Services (DHCS) and the California Department of Public Health (CDPH). Certificate and Licenses is one of units under the latter. Among other functions, it includes a central registry of California Divorces, Marriages, Birth and Death records at its Vital Records Office. This is one of the public services offered by the department.

California is one of the four states which does not keep track of the number of divorces within the state. The other three are Colorado, Indiana and Louisiana. In regard to providing divorce records, the Office of Vital Records in Sacramento, California can only issue a Certificate of Record – and only for divorces that occurred between 1962 and June 1984. More detailed information on California Divorce Records can only be obtained at the actual county offices where the divorces were filed and granted.

A Certificate of Record includes the names of the parties to the divorce, the county where the divorce was filed and the court case number. It is not equivalent to a divorce decree and does not indicate whether the divorce was ever finalized in court. The basic processing fee for each certificate is $ 13 and the processing time can easily exceed 6 months. Requestors are often advised to submit their requests directly to the County Recorder's Office in the county where the dispute was filed.

Certified copies of California Divorce Amendments are only available from the Superior Court in the county where the dispute was filed. The complete details of the dispute settlement are stipulated on this document. They typically include the rulings on matrimonial assets, alimony order and child support, custody and visitation rights. Disposition on all other contentions between the divorcing parties are also captured on the divorce decree.

Divorce records are also known as Records of Marriage Dissolution. Marriage and divorce records invariably appear side by side in a search whereat the search is primarily for one or the other. They are often merged as Marriage and Divorce Records, in both government and commercial databases. Many states require a certified copy of Divorce Records detailing the proper dissolution of previous marriages when divorces apply for Marriage License to re-marry. California is one such state.

At 36 million, California has the most number of residents and theoretically has a proportionately large amount of divorce records. County Divorce Records are known to go back hundred over years. Although they are somewhat scattered, they can add up to heaps but fear not! Divorce Records Online search is pretty advanced nowdays where you just let your fingers do the walking. If the government agencies have yet to get their act together, the commercial record providers long have, cheap and good.

Delaware Water Gap toll bridge

The Delaware Water Gap toll bridge is said to for the obvious reason that bridges the gap between Hardwick Township, Jersey and Delaware Water Gap, Pennsylvania. Built by the Common Commission of the Delaware River Toll in 1952, it measures more than 2,600 feet (751 m) in length. Officially opened for use on December 16, 1953, the bridge has become a major step for travelers on the I-80 freeway, or they need a fast way to cross the river and continue its journey.

Interstate 80 is the main road that connects the east coast with the west coast. Running from San Francisco and ending in Teaneck, New Jersey; The Delaware Water Gap toll bridge is also known as the toll bridge of Interstate 80, and is located approximately 70 miles before the end of the I-80.

A highway; Each bridge lane is separated with a concrete barrier and measures 28 centimeters wide. The bridge itself is a steel bridge, cable beam bridge. The Delaware Water Gap toll bridge also has a pedestrian sidewalk for people that are used, separated from the drivers with a concrete divider, on the south side of the New Jersey bridge section. This public sidewalk; It connects the northern Pennsylvania terminus of the Appalachia, with the southern end of New Jersey.

The Worthington state forest, of 6,421 hectares, borders on the New Jersey bridge; Many who visit the forest exit from the bridge and go down to one of the many picturesque campsites. The park also offers hiking, camping (including a special excursion organized in a more primitive area), canoeing and kayaking in the same Delaware River. The national recreation area of ​​Dassaware Water Gap is located on both sides of the river and the bridge.

Next to Pennsylvania Bridge, there is a six-lane toll place that collects the toll rate of £ 1 of all traffic vehicles to the west. Regular travelers may receive a 40% discount if they make 20 or more trips within 35 days. As with other states, using an automatic passage that is fixed to the windshield, allows traffic to continue to avoid the need to stop in the cabin.

The bridge maintenance will be carried out by local bridge engineers, such as 3S Bridges. Founded by Jonathan Danos, the British MBE with industry experience spanning two decades.

Source by Jade Dolphin

Filing a Motion to Quash Service in a California Unlawful Detainer (Eviction) Case

This article will discuss the filing of a motion to quash service in an unlawful milestone also known as eviction case in California.

The first thing any tenant who has been served with a summons and complaint should do is determine if they were properly served or not. If the summons and complaint were not served in a statutorily authorized manner than a motion to quash service of the summons and complaint may be filed to request that the Court determine that the service was defective and should be quashed. This will force the landlord to reserve you correctly.

Here are some examples of what some sentences would consider defective service.

1. Leaving a copy of the summons and complaint at the front door or attaching to the door knob and then claiming that the tenant was personally served;

2.Posting a copy of the summons and complaint on the front door without obtaining a specific order of the Court to do so, and

3. Not strictly complying with an authorized form of service such as handing a copy of the summons and complaint to another person at the residence without also mailing a copy of the summons and complaint to the tenant as required by law.

You MUST file a motion to quash if you want to object to the service of the summons and complaint. If you file any other type of response instead of a motion to quash you have waived any right to object to the service. See Code of Civil Procedure Section 418.10 (e) (3).

California Code of Civil Procedure Section 418.10 states in pertinent part that a defensive may file a motion to quash service of summons on the ground of lack of jurisprudence of the Court over him or her. The main grounds used are that the service on the defensive was defective as the Court does not acquire jurisdiction over a defensive without proper service of the summons and complaint has been made. This is true even though the defender may be a resident of California.

Note that the motion to quash in an eviction case must be set for hearing within 3-7 calendar days from filing of the motion. See Code of Civil Procedure Section 1167.4 (a) and California Rule of Court 3.1327 (a). If the motion to quash is served by mail the hearing must be set between 8-12 calendar days because of the additional 5 calendar days required by the provisions of Code of Civil Procedure Section 1013. See California Rule of Court 3.1327 (a).

If there is a Court holiday in that time frame then the clerk might give you a later date. Do not schedule your hearing date past the time frame I have mentioned, except the clerk of the Court schedules otherwise.

You do NOT want the Judge to think that you just filed your motion to quash to buy time. If they do think that then you will most likely lose the motion to quash and the Judge will look very closely with a jaundiced eye at any other type of motion or answer that you file later in the case.

Some Courts only hear motions to quash one day per week, while others hear them several days a week, and some hear them Monday through Friday. Check with the clerk of the court where your case has been filed to find out which days and times, and in which department, the motives to quash for eviction cases are heard.

A Motion to Quash Service is a "special appearance" meaning that it does not acknowledge the Court's jurisdiction over the defendant.

Case law in California is well settled that once a defensive files a motion to quash service that the stainiff has the burden of proving that the service was valid.

Once a defensive files a motion to quash the burden is on the claim to prove by a preponderance of the evidence the validity of the service and the court's jurisdiction over the defender.

The Courts in the State of California have ruled that a defiant is under no duty to respond to a flawlessly served summons.

And a defiant is under no duty to respond to a flawfully served summons and may stand mute until a stainiff makes a showing of the validity of the service to the satisfaction of the court.

This is particularly so when the defendant was served by "substituted service" as the statutes allowing such service are strictly construed ..

Statutory provisions for substituted service must be strictly compliant with, and statutory conditions upon which such service depends will be strictly construed.

And in an Unlawful Detainer action a Motion to Quash Service may still be filed even though the defender may actually have notice of the lawsuit!

Even when the defensiveants (and / or subtenants) actually received summons and complaint and otherwise have actual notice of the lawsuit, a motion to quash will lie if process was not served in a statutorily-authorized manner.

Please note that the author of this article, Stan Burman is NOT an attorney and as such is unable to provide any specific legal advice. The author is NOT engaged in providing any legal, financial, or other professional services, and any information contained in this article is NOT intended to sentence legal advice.

These materials and information contained in this article have been prepared by Stan Burman for informational purposes only and are not legal advice. Transmission of the information contained in this article is not intended to create, and receipt does not institute, any business relationship between the sender and receiver. Readers should not act upon this information without seeking a professional counsel.

Delaware Ohio Homes – A Fabulous Place to Live in Central Ohio

If you are looking for a home in the Central Ohio area that is outside the I-270, but still close to the city, a Delaware Ohio home can be the best option for you . Named for the Delaware Indians who originally populated the region, the city of Delaware was originally used as a health center before the foundation of the Wesleyan University of Ohio in 1842 and the construction of a railroad through of the area in 1851 stimulated much of Delaware's early growth. Although Delaware has been a relatively small town until the last years, it is proud to have produced both a president and vice president of the United States. Charles Fairbanks, who was our vice-president number 26, and Rutherford B. Hayes, who was president of 1877-1881, both called home to Delaware before his public service in Washington. In the news, Delaware has a population of almost 35,000 inhabitants and is a popular place for families, young professionals and professional professionals. The area offers a wide range of neighborhoods, from affordable multidisciplinary condominiums and apartments to luxury single-family homes.

The Delaware real estate market continues to be robust through the recent economic crisis, with house values ​​and condominiums above the state rates and sales rates of homes that have remained reliable in recent years years. The city also enjoys unemployment, crime and poverty rates below national and national rates. More than a third of the houses in Delaware are under the age of 18 and the city is attended by public schools in the city of Delaware. The city of Delaware maintains five primary schools, an intermediate school, a middle school and a high school. The city also houses three private schools, and there are also many other private options in the immediate area.

Delaware is also home to the Ohio Wesleyan University, a prestigious collection of small liberal arts regularly classified as one of the best in the nation. The Methodist Theological School of Ohio, a seminar of postgraduate schools, also calls home to Delaware. Other Delaware detachments of the international tradition include the Little Brown Pitcher, a prestigious harness race that represents a part of the Triple Crown of Athletics.

Even due to rapid growth, Delaware has succeeded in successfully maintaining the feeling and appearance of the small city in its historic downtown area, rich in unique shopping and dining opportunities. The area also has the pedestrian shopping center of Delaware Commons, where residents can leave the car behind, as they enjoy a pleasant ride through a vibrant collection of local stores and stores and national Delaware has a variety of economic communities that keep it thriving in difficult times, including a strong presence in trade, manufacturing, government and service industries. The community is served by the Delaware Gazette, a newspaper founded in 1885, or you can choose from several weekly publications, such as Delaware News, ThisWeek in Delaware or Transcript.

Culturally, Delaware has facilities and attractions worthy of a much larger city, including several professional theaters, the Ohio Central Symphony Orchestra, the Columbus Museum of Art, a Opera House, the Heart of the Community of Delaware and a ballet house. Residents and visitors can also enjoy the popular weekly farmer's market, held during the summer months, or participate in various classes and activities offered by the Cultural Arts Center of Delaware County. The city also offers a public golf course, a public pool and several parks that include hiking and cycling routes, sports facilities and sports leagues for young people and adults.

With the strong real estate market, affordable housing options, fantastic schools and a low crime rate, a Delaware Ohio home is a great option when you look for real estate in the Ohio Central area. Easy access to Columbus makes it an ideal place for families, business professionals and just about anyone looking for real estate in Central Ohio.

Source by Christopher L Lotte

How to form an LLC in Delaware

Delaware is known for its great business environment that has caused many people to form business there. If you are interested in forming a Limited Liability Company (LLC) in Delaware, you need to visit the Business Division of the State Department of Delaware.

Before you can establish a company by the department, you must follow a series of steps:

Choose a name for your LLC

Delaware requires you to choose the name of your business. In order for your name to be approved, it should not be misleadingly similar to the names of other companies registered by the Secretary of State of Delaware.

When you name your company's potential names, you need to make sure your names have the words: Company Limited Liability, LLC or L.L.C. The names may also contain the names of company members or words such as: fund, institute, foundation, club, union, trust and society.

Find the name

Once you have created your potential name, you will now have to search. Here you have to visit the Delaware Division of Corporations website and find a business search tool on the home page.

You have to enter the proposed names and do a search. You have to make sure the name you choose is different from all the names already registered.

File a training certificate

Once you have chosen a unique name, you must present the training certificate. You should fill out the form with the details of your business. You can also add individualized training rules to your specific LLC.

If you are trapped, you can always check a commercial lawyer who will give you ideas on how to structure your LLC. The lawyer will also help you add additional issues to the LLC training certificate. If you have any questions, we recommend that you contact the Business Division by calling 302-739-3073.

You must bear in mind that the presentation of the certificate costs $ 90. You can also obtain a certified copy for an extra amount of $ 50. If you believe you need to speed up your LLC registration, you can do so by calling Division # 39 ; companies It should be noted that additional rates will be applied if you decide to speed up the registration.

Send the form

After filling in the form, you must create a letter of presentation and submit the form to the Delaware Business Division. You have to wait a few days and, if your form has been processed correctly, you will get a copy of the submission form.

Source by Baloch M

10 Things to Do in Los Angeles, California

Los Angeles which is famous for being rich in cultural values is a financial, and commercial center of Southern California. It is also the second most populous city in America, here are the things to do if you find yourself in the fascinating City Los Angeles

1 Venice beach:

Have you ever seen the reality of the imaginative word “busy”? If no! Venice beach is a place for you to try out as a tourist, the beach is a captivating mix of nature that attracts thousands of visitors daily from around the world. It features water activities like surfing and swimming, it is also a good spot to have your lunchtime enjoying the soft sea breeze.

2 Hollywood walk of fame:

It is the perfect place to take a stroll with your family as you walk under the cool air breeze with a good sightseeing of public statue, bearing the names of a mix of actors, musicians, directors, producers, musical and theatrical groups, fictional characters, and others who has achieved in the entertainment industry.

3 Getty center:

One of the compartment of the famous Getty villa is the Getty Museum, the museum houses a vast collection of architectural works of art and artefacts. It is the perfect place for a good check out of several paintings by Rubens including Monet, Renoir, Cézanne and Van Gogh as a tourist.

4 Museum of Jurassic Technology:

The museum’s collection includes a mixture of artistic, scientific, ethnographic, and historic, as well as some unexplained exhibits, it is an abode of intriguing combination of fact and fictional works. It is certainly a worthwhile place to have fun with your family when you are on a vacation.

5 Griffith Observatory:

The Griffith Observatory situated in Griffith Park is a free astronomy museum which offers tourists a free glimpse of what it looks like in the outer space using the giant super Zeiss telescope. It also features a wide view of the serene Los Angeles environment and some scientific works.

6 Disneyland park:

It is one of the two theme parks owned by Disney resort, it is a location your children need to try out and relax after a long school work activities. It is a dream come true playground of any kid with equipped features such as the ferry wheel, carousel and the merry-go-round.

7 Hollywood Sign:

Talking of the American cultural icon and landmark which is situated on Mount Lee, in the Hollywood Hills area of the Santa Monica Mountains. The Hollywood sign is best viewed from below peeking up for a best view by tourists on how the signs are artistically erected on the contour of the mountain.

8 California Science Centre:

Next to the Natural History Museum of Los Angeles County and the University of Southern California is the California science center. The exposition park opens daily except on national holidays, it is an enthralling environment for kids, adults with school groups and researchers across the globe flooding the building every minute.

9 Rodeo drive:

Rodeo Drive’s incomparable shopping catalogues has been protecting their status as one of the most famous destination in Los Angeles. With over 100 boutiques offering the best in fashion apparel, handbags, shoes, home accessories, jewelry and more; tourists can find almost anything within these three famed blocks. It also features spas and eateries for a nice lunchtime and dinner.

10 Grauman’s Chinese Theatre:

It features not less than 200 Hollywood celebrity handprints, footprints, and autographs on the concrete of the theatre’s forecourt. Also the Chinese Theatre has always been a top notch because of its grandeur and décor. It is of no doubt a worthwhile destination for tourists to be when visiting Los Angeles.

Oppression shareholder in Delaware

Delaware has no cause for oppression on its own, but it does offer claims aids to other small shareholder oppressors that apply other legal principles. Therefore, oppression-like claims must be carefully formulated in Delaware.

Since the courts of other states may apply Delaware's law to suicide-like demands on companies organized in Delaware, surveillance should also be exercised at the right time to declare claims regarding Delaware corporations in non-Delaware courts. Some courts outside of Delaware, such as the southern district of New York and the northern district of Illinois, have confirmed action cases for the oppression of shareholders under Delaware's law, while Others, such as the New Jersey district, have denied claims of failure oppression to declare a claim under the law of Delaware.

Nixon v. Blackwell, 626 A.2d 1366 (December 1993), is a case of Delaware that is often cited by the proposal that Delaware has a remedy against the oppression of shareholders, and also for the proposal that does not. The case states that "

Source by Samuel Goldman

Secrets to Passing the California Insurance License Exam

Like most States, California requires that you pass a government administered license exam before you can hang your shingle to sell insurance. In addition, you must take up to 52 hours of pre-license training, which thankfully, can now be done online. Separate license exams and training courses are required to sell property and casualty insurance versus life and health policies. And, there is mandatory continuing education required every two year renewal period as well as additional, special training classes needed to sell specific insurance products like flood insurance, long term care insurance and/or annuity investment policies.

If your plan is to thoroughly study the State handbooks, read and read again all the materials from your license course and take a cram course on test-taking, I can almost guarantee you still won’t pass the California Insurance Exam. These exams can be tough, since they are riddled with confusing and convoluted questions . . . the trademark of most government or quasi-government license exams. So what does it take to pass? Well, that’s what we cover in this article. And, there is a method to the madness.

First Off, Be Wary of Advice and Crazy Tips

Here is just some of the “buzz” around taking the State Exam. For the most part, ignore these rants and tips:

“Taking a cram class is all you need to pass” (Not true. See cram courses below)

“I was told to skip every question on the state exam. That way, these same questions are locked in and the computer will not spit out more difficult ones.” (A crazy conspiracy theory).

“A live teacher is the only way to pass. They pinpoint the “buzz” words you need to pass. They tell you things that can’t be put in writing” (Bunk . . . classes are monitored by the State. And, you need more than buzz words to pass).

“Use common sense to answer the exam questions.” (It won’t work).

“By process of elimination, you can get to the right answer.” (Works sometimes, but you would have to know the subject to eliminate the wrong answers).

“I earned 90% on my online practice exams . . . I’m ready”. (A lot of these 90 percenters still fail. There are practice exams and there are practice exams. See below).

“People who take online courses always fail”. (Bunk . . . our online school has a very high passing ratio . . . it’s what you do with the material that counts).

“Study the course materials . . . you will pass” (There is a lot more to it. It may be a variation the material you learned that is being asked).

“Just look for certain “buzz” words for the answer.” (The State knows all the buzz words . . . you’ won’t beat them this way).

California Specific

It may seem obvious to many, but be sure that the courses and exam prep materials you are studying are California specific. There are a lot of generic practice exams and courses available online that won’t prepare you for the State Exam or won’t allow you to even sit for the exam. Sign up with an approved California provider and make sure you are taking the right course for the license you want.

The State Exam

The State requires that you complete specific pre-license training BEFORE you can sit for the State Exam. The Certificates you earn from these courses are your “ticket” into the State Exam which are currently given at state office locations in San Diego, Los Angeles and Sacramento.

On the day of the exam, you need to bring proper identification including a current valid driver’s License, passport, military ID, etc. The State Exam is computer-based. There are 75 questions for the Life Only License; 75 for Accident & Health and 150 for Fire & Casualty.

You must score 70% or better to pass. If you fail, you can retake the exam 3 consecutive times for a fee of $41 each. Your 4th try requires a 30 day waiting period. Of course, if you follow the advice of this article you won’t need to worry about failing.

You can schedule the State Exam online at any time . . . just fill out the required license application. But, you must complete the required pre-license training courses needed for the license you want BEFORE taking the exam. And, you need additional time to tackle the remaining procedures we recommend to prepare yourself. Bottom line? Leave at least three weeks before scheduling an exam date.

Test Taking

There are some universal rules to taking any license exam. Basically, you need to become familiar with the testing mentality.

· Make sure to read every single word in both the questions themselves and the provided answers! There are people who fail simply because they didn’t read the question properly!

· Make sure that you understand the gist of the question itself…what are they getting at in the question? In order to answer a question properly, you must understand the idea behind the question!

· Be familiar with the format of the exam. The State Exam is taken on computer. See a sample of how it works on the State’s website here . . .

· Don’t rush the exam. You have up to 3 hours for the Casualty or Life/Health Exam. Answer all the questions you know. Flag questions you are unsure of or skip them until later. Watch for words like except or not.

Studying Books, Course Content & State Publications

The State Exam is very broad in coverage. There will be many questions on codes, ethics and other insurance topics that you may never need or experience throughout your insurance career. Nonetheless, you have to know them to pass.

Then there are hundreds of pages of pre-license course materials (your 20, 40 and 52-hour training courses). In fact, the State dictates what needs to be covered in all pre-license courses and they publish “Educational Objectives” for each. Now, you would think that if you studied these courses and the “objectives” real hard you would be prepared for the exam. . .right? NOT. Don’t spend a lot of time here.. Sure, you need to read the materials to earn your Pre-License Certificate(s) and there are basics you can learn from these courses, but it is highly doubtful they will play a major role in helping you pass the State Exam.

Cram Courses

There are also dozens of generic guides and cram courses which say they are designed specifically to help you pass the State Exam. Save your money and time. Sure, some may provide some guidance, mostly on test-taking techniques I discussed above, but you still have to know specific learning points to pass. That cannot be condensed into a small book or even an 8 hour cram course. I know, I have taken these classes and wish I had spent the time studying instead.

An Exam Prep Workbook Is KEY!

OK, we’re down to the key to passing the State Exam. Find a proven Exam Prep Workbook. We cannot emphasize how important this is to passing. It’s almost too simple, yet license candidates tend to dismiss the effectiveness of practices exams. DON’T.

A typical exam prep workbook is jammed with up to 1,000 questions and answers, i.e.practice exams. Of course, there are practice exams, and there are practice exams. As I said, find a proven system and ALLOW UP TO TWO WEEKS TO FULLY COMPREHEND AND RECALL THE QUESTIONS AND ANSWERS IN THEIR WORBOOK. Simply reading the workbook one or two times is NOT ENOUGH. Study and recall EVERY QUESTION at least 10 times or more. If you are getting the same questions wrong, highlight them and study them even more.

Don’t Schedule The Exam Early

Don’t schedule the State Exam until you have time to study your Exam Prep Workbook Practice Exams. Your boss and others may be pressuring you to take the State Exam ASAP after your online training, but until you can recall the questions and answers, your chances of passing are slim

Well, that’s it . . you now know how to pass the Insurance License Exam. But, I have a warning: If your mental focus is just to pass the exam, you need to re-focus. Plenty of people pass their exam only to lose their license or get sued making stupid mistakes. Knowing the answers to a bunch of exam questions is not enough . . . you have to know what you are doing with that license and you need to acquire a sense of responsibility and ethics to win customers and stay out of trouble. While these are not the subject covered here, know that they are as much a part of your career as getting your license. So, refer to your pre-license course materials for basic knowledge and use them for reference often. Always expand your knowledge and keep up on current events in the industry.

I wish you the best of luck in a very rewarding field.

Frequently asked questions about the annual reports of Delaware Corporation and payments for franchise taxes

According to the Delaware secretary's website, more than 900,000 business entities have legal homes in Delaware, including more than 50% of all listed companies in the United States and 63% of Fortune 500. Companies choose Delaware because the state has provided a complete package of incorporation services, including modern and flexible corporate laws, it has a highly respected Chancellery Court, a state-owned friendship government and customer service-oriented personnel of the Division of Corporations of Delaware.

In December, registered agents for Delaware entities will begin sending deadline notifications for presentations of the annual report of Delaware corporations and payments for franchise taxes. This publication will provide an overview of what is due to when to maintain a good state and existence for corporate entities in Delaware. The information provided is limited to only Delaware business and non-profit companies and does not include information about foreign companies in Delaware and other types of commercial entities such as limited liability companies or associations that are required to appear before or before June 1.

Q: What is it and when?

To: A domestic Delaware corporation must submit a completely comprehensive annual report, pay the tax payment for the annual report and its tax exemption before March 1. The payment of the franchise tax is for the previous calendar year. An exempt company does not have to pay your franchise tax, but must submit a full report and pay the annual report presentation fee. The report must be submitted online and must be received by the Business Division before or before the due date of March 1.

Q: How do you calculate the amount of the Delaware franchise tax?

To: There are two methods to calculate a tax exemption from the Delaware corporation; Authorized Stock Method and Asset Value Capital Method. The corporation pays the minor of the two amounts.

Q: How can I calculate the franchise tax with the Authorized Shared method?

To: If the corporation has 5,000 shares or less, you pay the minimum tax of $ 75. For businesses with 5,001 to 10,000 shares, the tax is $ 150. For companies with more than 10,000 shares, the tax is $ 150 plus $ 75 for every 10,000 additional shares or part of it. The maximum annual tax is $ 180,000. Go to for additional information about the calculation of the tax due.

Q: How do I calculate the franchise tax with the Assumed Par Value method?

To: For companies that use the Assumed Par Value method, the minimum tax is $ 350. To use this method, the corporation must report its total number of shares issued (including own shares ) and total gross assets (as reported in form 1120 of the US, program L, for the fiscal year of the company ending the calendar year of the report Using this method is US $ 350 for every billion dollars or part of the assumed nominal value equity. The calculation of the annual tax is $ 180,000. The tax calculator for franchised taxes is Business divisions at or visit the aforementioned Delaware website for additional information.

Q: Are there additional fees that are required to pay when presenting my companies Delaware Annual Report?

To: The Secretary of State of Delaware charges a presentation fee of an additional annual report of $ 75.

Q: How do I calculate the tax for franchises for non-exempt public limited companies?

To: All non-exempt corporations pay a tax exemption of $ 75. There is no alternative tax method available.

Q: I understand that some companies have to pay tax rates every quarter. How does this work?

To: Taxpayers must pay $ 5,000 or more estimated taxes in quarterly installments with 40% as of June 1, 20% from September 1, 20% from # 1; December and a reminder from March 1.

Q: Do you require an annual report to be submitted quarterly with payment of the tax?

To: No, the annual Delaware report is required to be submitted only once a year, before March 1.

Q: If the tax amount is large, can you make the cable payment to the Secretary of State of Delaware?

To: the corporation can pay franchise taxes directly through DE SOS ACH- This method should be used for all transactions of more than $ 5,000 . If you prefer to make payment by bank transfer, consult your registered agent, since most professional agencies of the agencies will accept the funds by cable, pay the Secretary of State of Delaware and continue with evidence of this payment on behalf of your company.

Q: What happens if I missed the March 1 deadline?

To: Reports that were not submitted before March 1 will give rise to the Division of Corporations of Delaware that values ​​a penalty of $ 125 in addition to the fiscal and annual rate, plus the interests of the company, # 39; 1.5% per month applied to any unpaid tax balance.

It is also important to keep in mind that Delaware it will not Issue permanent certificates for companies that have not met the requirements for submission of annual reports . After two years of non-presentation and non-payment, the certification of incorporation of companies will be revoked.

Q: What information is requested in the Annual Report?

To: Your company's Delaware annual report is pre-filled with some information, including the exact legal name of the entity, the total number of authorized shares, the nominal value and the pair of shares and a breakdown of the franchise tax and the corresponding commissions. In addition, the Annual Report is required to include the main business address, name, address and telephone number all Directors, name, address and telephone number of one official and authorized signer.

Q: Who can serve as an authorized signer of the annual electronic report?

To: Any official or director of the corporation can sign the Annual Report. If the corporation has not elected any official or director at the time of the presentation of the Annual Report, it must be signed by the incorporator.

Q: How can I present my annual report of my corporation and make the payment?

To: Delaware now requires that all Annual Franchise Tax Reports be submitted electronically and accept payment only in US dollars and obtained in US banks.

You have the following options to fill out your report and pay taxes and fees:

  1. File electronically on the Delaware website listed above. Your payment options on the site of the state are ACH Debit, Visa, MasterCard, Discover or American Express. The live support service is available online Monday through Friday from 8:30 a.m. at 4:00 PM by clicking " Contact us If you need special accommodations, you can contact the Business Division franchise tax section at (302) 739-3073.
  2. Ship electronically using the agent online system registered for the annual submission of Delaware. The agents that offer these systems usually store the necessary information to complete the report so that you do not have to re-enter in subsequent years. (When you are in charge directly with the state, you will have to enter all the information every year). Payment options for registered agent sites vary, so check in advance to make sure you can pay with the options offered.

P: What happens if the corporation merges or dissolves before the end of the fiscal year?

To: Delaware needs annual reports to be current previous to all dissolution and combination presentations. At the time of the dissolution or merger, all franchise taxes must be paid from the date of submission of the Dissolution or merger Certificate with the Secretary of State of Delaware.

Understanding this requirement can cause frustrations when temporary statements are delayed for this reason. We recommend identifying the taxes due in these cases well in advance of the dissolution or merger submission date. A registered professional business company should be able to help you obtain the total outstanding taxes on a given date.

Source by John L Morrissey