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.

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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