Delaware HB40 amends trade name registration laws, including fees and penalties for false affidavits.
Delaware HB40 amends the Delaware Code to modify the registration process for trade names. It establishes a special trade name license for corporations and limited liability companies, requiring a $25 fee for a one-year license. The Division of Revenue is tasked with maintaining a Delaware Trade Name Registry, collecting fees, and implementing regulations. The bill also imposes penalties for false affidavits and sets a fee of $25 for filing certificates. The changes take effect on February 1, 2025.
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- Core Provisions
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- Impact
- Legal Framework
- Critical Issues
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