Formation Daily · Articles
The whole file
Filing fees, deadlines and the paperwork that decides whether a company stays in good standing. Each figure is checked against the state that charges it.
2026-09-24 · 10 min
Is Mercury a bank? The label on its Bank Index card says no, and the cards behind it show where a new LLC’s money actually sits
Mercury’s card reads E-money or payment institution, BlueVine’s reads Fintech, and the FDIC says a nonbank is never insured itself. The partner bank cards.
2026-09-23 · 10 min
Can an LLC open a credit union account: the membership test, the insurance rule and a list that runs 249 long
A credit union can only serve its field of membership, and the NCUA defines that as persons including organizations and other legal entities. Company shares.
2026-09-16 · 10 min
Adding a member is 2 events on the same day, and the bank account the money lands in decides the second one
Delaware admits a new member on the terms of your operating agreement, or with the consent of all members if it is silent. Revenue Ruling 99-5 turns the.
2026-09-16 · 11 min
Five states, five different kinds of annual charge, and the one column that made them look comparable
Read from each filing office on 16 September 2026. Delaware charges 400 with no proration, California 800 with the free first year long expired, Florida.
2026-09-16 · 10 min
Changing your registered agent is not your filing in Delaware, and a resignation costs the agent 2 dollars
Section 18-104 gives the agent the pen: 200 dollars to move an office or hand over to a successor, 2 dollars per company to resign with nobody appointed, and.
2026-09-13 · 10 min
Our DBA column held a fee, and in California the fee is the small half of the bill
California files with a county, gives you 40 days from the day you start trading, and makes you buy 4 weeks of newspaper advertising. New York files with the.
2026-08-31 · 11 min
One column for the operating agreement was wrong in every row, because the states are answering 3 different questions
Must you adopt one, must it be written, is there a deadline. Only New York says yes to all 3, with 90 days from the filing. Missouri gets stricter when you.
2026-08-24 · 12 min
The S corp election deadline is a formula, not 15 March, and the tests behind it cannot be repaired at all
Two months and 15 days from the start of your own tax year. Miss it and the relief window runs 3 years and 75 days. Take one cheque from a shareholder living.
2026-08-24 · 11 min
How to dissolve an LLC, and why letting it lapse is the expensive option
Dissolve, wind up and cancel are 3 separate acts, and only the third one stops the meter. Delaware charges 400 dollars for any year the entity is listed.
2026-08-24 · 11 min
Can I be my own registered agent, and the residence test that decides it before your company does
Delaware allows it only if the business is physically in the state. Wyoming allows it only if you live there. California does not allow a company to name.
2026-08-24 · 11 min
An LLC not in good standing still exists, and that is exactly what makes it dangerous
Wyoming gives you 60 days from a notice before the company is defunct. Delaware lets you drift for 3 years before the certificate is cancelled, and takes.
2026-08-17 · 10 min
Do I need to register my LLC in another state, and what the second state charges when you do not
Where you filed decides almost nothing. Where the work happens decides the bill, and in California the unregistered version costs 2,000 dollars a year on top.
2026-08-13 · 10 min
The LLC annual compliance checklist, reordered by what actually breaks
Sorted by date it looks organised and tells you nothing. Sorted by consequence it tells you where to spend attention. The 4 state deadlines, the 3 prices of.
2026-08-13 · 11 min
What is a BOI report, two days after it stopped existing for American companies
FinCEN made the exemption permanent on 11 August 2026 and said it will delete what was already filed. Who still has to report, what the state calendar still.
2026-08-03 · 12 min
Delaware vs Wyoming LLC: the annual cost after Delaware went to 400 dollars
The Delaware LLC annual tax rose to 400 dollars in January and most of the fee schedule changed on 1 August. The corrected recurring arithmetic against the.
2026-08-03 · 12 min
3,000 people could not open an account, and the company they complained about most is not a bank
The document checklist is accurate and it is not the thing that decides. In the year to July 2026 the federal complaint file recorded 3,000 refusals to open.
2026-08-03 · 14 min
How long does an EIN take when the online tool is closed to you
The same day route is only open to applicants based inside the US. How to apply for an EIN from abroad, what the SS4 fax processing time really is, and how a.