NEW DELAWARE LLC REGULATIONS

The WHYY website on 28th December reported that new regulations in Delaware place tougher restrictions on business entities formed there and ask for more from Delaware registered agents — businesses licensed in Delaware must have a registered agent located in the state.  Under the new rules, they are required to regularly vet LLC — and entities seeking to form an LLC — and ensure they are not associated with individuals and agencies sanctioned by the feds or banned from doing business in the US.  They must also evaluate a client’s information when transferred from another agent, or upon new contact information.  Delaware has more than 800,000 LLC, and last year received $273.8 million from taxes, penalties and interest.

https://whyy.org/articles/new-delaware-llc-regulations-aim-to-prevent-bad-actors/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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