Vol. 1 · No. 13 · May 2026
The Journal.
The honest way to read about U.S. company formation. Every piece is editorially locked before we run any affiliate link, and we date our freshness checks like a legal filing.
Lead story
The nonprofit corporation in September 2020: a field report
The parking tax is gone, CARES put the sector on payroll protection, and §4960 has final regs to live with
he nonprofit corporation lost one tax, got a forgivable loan, and received final regulations on another tax, all in the nine months between December 2019 and June 2020. A sector…
Editor's selection
Guides
Nevada in September 2020: the fee schedule has not moved, the applications have
Four years into the Commerce Tax and six months into the pandemic, the $425 number still holds
Reference
Reading a Secretary of State filing in 2020: the stamp is digital now
Thirty months into a migration that COVID finished in a weekend, what a filed PDF proves and what it still does not
By section
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The full index
- №211 PPP forgiveness and the February 15 line: who was actually in operation The CARES Act drew a bright line at February 15, 2020, and the gray cases are where the audits live
- №210 Sole proprietorship, a 2020 field report Twenty months after the TCJA math changed, a pandemic loan program rewrote the Schedule C story inside eight confusing weeks
- №209 Wyoming in July 2020: the fee schedule that refuses to move A $100 filing fee, a $60 minimum annual license tax, and a COVID-era formation spike that suggests the pitch is working as well as it ever has
- №208 The statutory trust in the middle of 2020 Thirty months after we first wrote it up, the DST still works the same way; the exchange clock, the sponsor bench, and the investor base around it do not
- №207 State filing-fee waivers and deadline extensions during COVID Which states moved, which states didn't, and what a founder has to track through the summer of 2020
- №206 LLPs and LLLPs in mid-2020: a form built for a city that emptied out Remote work tests the state-licensing tie, the final §199A regs did not rescue SSTB partners, and Renkemeyer still decides the self-employment question
- №205 Delaware fees in mid-2020: the table that did not move An LLC still forms for $90 and costs $300 a year, a C-corp floor still sits at $450, and the Division kept the schedule intact through a pandemic
- №204 The operating agreement, 2020 edition What COVID, the 2019 Delaware amendments, and the final §199A regs changed about the document that decides who wins
- №203 Delaware rewrites the meeting rules in nine weeks How HB 341 moved annual meetings onto Zoom by statute, and what the drafting actually did to §§ 110 and 211
- №202 The limited partnership in mid-2020: a field report from a shuttered economy Twenty months past our OZ-and-BBA rewrite, the LP still works the same way, except the Paycheck Protection Program draws a line through the partnership agreement and Opportunity Zone sponsors are counting days waiting for Treasury
- №201 The District of Columbia in May 2020: what a DC LLC actually costs A $220 filing fee, a $300 biennial report, and the franchise tax most founders don't see coming
- №200 Splitting founder equity in 2020: the remote-team rewrite Thirty months after the last time we walked this, the benchmarks shift at the edges and the tax rules stay put
- №199 Virtual notary laws: a boom and a patchwork Nine states had remote online notarization on the books before March; in seven weeks the rest of the country improvised its way into something that looks similar but is not
- №198 The general partnership, a field report from May 2020 PPP paperwork treats partners as if they had no paycheck, which is technically correct and operationally a mess
- №197 North Dakota in April 2020: the quietest formation state in the country A $135 filing, a $50 annual report, and a tax code that keeps more money in the operator's pocket than almost anywhere else
- №196 Converting an LLC to a C-corp in a pandemic market Thirty months after our first pass at this conversion, the statute is the same, the revenue ruling is the same, and the 21 percent rate has only made the math more decisive
- №195 Remote SOS filings: which states got there fastest Four weeks into lockdown, the state filing offices that were already digital-first barely noticed, and the paper-heavy ones are visibly breaking
- №194 Professional corporation, a 2020 field report Two weeks into a different world, the PC shareholder-employee structure quietly reshapes a partnership question that was already settled
- №193 Vermont at the end of March 2020: a $125 certificate, two exotic subchapters, and a state filing office under lockdown A $125 filing fee, a $35 annual report, and the jurisdiction that invented both the L3C and the blockchain-based LLC
- №192 EIN strategy for a holding company, revisited in March 2020 Four EINs for four entities was the old answer; the emergency-relief queue has not changed it, only made the filing order matter more
- №191 SBA 7(a) and 504 loans for a new entity, as the week opens What the standard SBA programs actually offer a business formed this quarter, before anyone figures out what comes next