Welcome to your daily briefing on small business developments in Delaware. Today we're covering 8 key stories including updates on delaware small business headlines, background & context. Let's dive in.
5 stories
Corporate Filing Solutions has published a guide to Delaware corporate filings for LLCs and corporations.
Small business professionals in DE need accurate filing guidance to maintain good standing and avoid costly compliance errors.
The Delaware Secretary of State, Division of Corporations, provides a public search tool to look up registered business entities by name or filing number to obtain basic details such as name, address, and agent.
Small business professionals in DE can quickly verify their own entity information or research competitors and partners before entering agreements.
A DBA allows a company to do business under a name that's not its legal name, and this resource explains how to get one in Delaware along with the legal requirements.
For Delaware small business professionals, understanding DBA requirements helps ensure proper legal registration when operating under an alternate business name.
A DBA, or 'doing business as,' is the registered name a business uses that differs from its legal name.
For Delaware entrepreneurs operating under a trade name, understanding DBA registration helps maintain proper legal standing and brand clarity.
The Delaware Superior Court maintains a database of trade, business, and fictitious names but cautions users that published information may contain inaccuracies or typographical errors despite efforts to ensure currency and accuracy.
DE small business professionals relying on this database for trade name research should verify information independently, as 'Active,' 'Amended,' and 'Terminated' statuses reflect only what the court has received and may not be error-free.
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3 stories
Buy-sell agreements among co-owners specify what happens at death, disability, or departure — but only matter if there is a funding source to actually execute the buyout. Common defects: insurance policies that lapsed, valuation methods that produce numbers no one can pay, and trigger events that include voluntary departure without a payment plan.
Without funding, the surviving owner faces a co-owner's heirs as the new business partner. Most buy-sell disputes that reach litigation are not about the agreement's terms but about the absence of a funding mechanism.
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.
MCAs quote a "factor rate" (typically 1.20-1.50) on the advance amount, plus a daily holdback as a percentage of receipts. Translated to APR, most MCAs cost 60-150% annualized. The structure is legally not a loan, so usury caps and disclosure rules do not apply.
Cash-strapped small businesses that "just need it now" stack multiple MCAs and end up with daily holdbacks consuming most receipts. Recovery from MCA stacking is rare without formal restructuring or bankruptcy.
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