New Year, new life. Many use the beginning of the year as a way to start something new. Maybe it’s losing weight, starting an exercise regimen, or fulfilling their lifelong dream of starting a business. If forming an LLC, Corporation or other business designation is one of your New Year’s resolutions, you’re not alone and you should read the rest of this article.
The state office charged with registering businesses is the Secretary of State’s (or Department of State) office and at the beginning of the year they’re inundated with people just like you who want to form their business.
Timing is everything when forming a business and because of that, you don’t want to be caught in the beginning of the year rush. When volume is high turnaround time rapidly increases. For those who need this process completed so they can start a business account at a bank or sign a lease as a company, the increased turnaround time can be a major issue.
Also during this time, mistakes are more rampant because states hire temporary workers who have little experience and don’t have the incentive to do their best job since they won’t be permanent employees.
The best way to avoid this situation is to file before the end of the year, that is NOW.
However, even if your company will not transact any business this year (the rest of 2013), at the beginning of 2014, you will have to pay annual fees to your state and file an annual report (and you will have to file a tax return too).
Most states have a process called an “effective delayed date” which is similar to postdating a check. This allows you to form an LLC or Corporation in November or December of 2013 but not officially open for business until the following year.
If your state doesn’t allow effective delayed date filings, we can prepare your documents and hold them until January 2nd of 2014. You can minimize the beginning of year rush since we guarantee that your documents will be on the state hands by the first week of January.
This is one of those money saving tricks that experienced business owners already know. Now, you can take advantage of the effective delayed date too.
Avoid the beginning of year rush and avoid paying the 2013 franchise tax (also called Annual Report). Click here to start the incorporation process today. ActiveFilings will walk you through the process and make sure your new business is ready for 2014!
List of the States Accepting Effective Delayed Dates
|State||Corporations *||LLCs *|
* Effective Delayed Days