The year is almost over! If you are planning to start a small business next year, there is good news. You may submit your business paperwork now for a delayed incorporation filing in 2023.
A delayed incorporation filing provides entrepreneurs with flexibility in choosing the date when your business filings will be officially recognized with the state. This is regardless of when you submit the paperwork.
A delayed incorporation filing means you get to pick the effective date your company is in business. Other filing options include the following:
The new year offers more than a fresh start to launch a startup. Let’s look at the benefits available when you choose a delayed incorporation filing.
There is a narrow window of time left to incorporate a business this year. Attempting to squeeze in an incorporation during the last month of the year is difficult for most business owners. Many Secretary of State offices receive a great deal of paperwork for incorporating or forming an LLC. Often, there may be such a high influx of paperwork it causes offices to become backlogged. As a result, they often complete incorporation paperwork in the order in which it is received. Some offices may not be able to fulfill every standard filing application until next year. This leaves entrepreneurs in the lurch. They do not know when their paperwork will be received and filed by the Secretary of State.
Delayed incorporation filings, however, give entrepreneurs the chance to get ahead in the queue. The date for a delayed incorporation filing may be set 30 to 90 days out into the future. This allows you to reserve the date in the new year. Don’t forget to mention which date you wish for your business to be effective on your delayed incorporation filing application.
Check in with your Secretary of State to ensure they allow delayed filing requests. States like California, Texas, and Florida allow delayed filing requests. However, this is not true of every other U.S. state. Contact your local Secretary of State to see if you may submit a delayed filing.
Your incorporation date can have a significant meaning to you. The date you start a business may be baked into the narrative of your company.
For example, let’s say you open a bakery in honor of your grandmother who was an avid baker. You can set the delayed filing date for her birthday. You may also choose a date which commemorates another personal achievement, like the day you graduated from college, or choose a day significant within your industry. This special day can be the same day you choose to open your doors for business.
Setting an effective date gives business owners the chance to catch up on other startup aspects. Some of these may include the following:
If this sounds like a lot to juggle in the final month of the year, don’t worry. A delayed filing sets your effective date in advance. This will give you enough time to prep your business and provide peace of mind in knowing you can launch fully ready to make next year your year.
Submit your delayed filing paperwork now for 2023. Contact us at mycorporation.com or give us a call at 877-692-6772.
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