Welcome to your daily briefing on small business developments in Delaware. Today we're covering 7 key stories including updates on delaware small business headlines, background & context. Let's dive in.
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Delaware Business Filings. Our guide to Delaware corporate filings for LLCs and corporations. File with Corporate Filing Solutions for the best value.
Relevant to small business professionals operating in DE.
The Delaware Secretary of State, Division of Corporations, allows the public to access its database of registered businesses through a search tool. This query can obtain basic details about a specific business entity, such as its name,….
Relevant to small business professionals operating in DE.
A DBA allows a company to do business under a name that’s not its legal name. Find out how to get a DBA in Delaware, legal requirements, and more.
Relevant to small business professionals operating in DE.
The acronym DBA means 'doing business as.' It is the term for any registered name a business uses that is not their legal name.
Relevant to small business professionals operating in DE.
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3 stories
The federal EIN identifies the business to the IRS for payroll, federal tax filing, and bank-account opening. State tax IDs are separate, often required for state payroll, sales tax, and unemployment-insurance accounts. Some states issue multiple IDs for different functions. Using the EIN alone leaves state obligations unfiled.
State agencies catch missing registrations through cross-checks with the federal EIN database, often years later, with penalties and interest accruing the whole time.
Most small-business credit cards — even those issued in the company name — carry a personal guarantee in the application terms. Default by the business becomes personal liability. This applies to most issuers including those marketed as "business credit builders.".
Owners assuming corporate-veil protection on business cards can be blindsided by personal collections actions years later. The card's branding does not match the legal exposure.
The S-corp election lets owner-operators take part of their income as wages (subject to payroll tax) and the rest as distributions (not subject to self-employment tax). The savings only matter once profit consistently exceeds a "reasonable salary" — typically $50K-$80K of pure profit above the salary baseline. Below that threshold, the added payroll-processing cost eats the savings.
Many LLCs elect S-corp status before they have enough profit to benefit, paying payroll processing for no tax savings. The election is reversible but not on a clock that matters in real time.
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