The Court of Chancery, as many of you know is one of the great perks of incorporating in Delaware. At Harvard Business Services we like to keep up with the latest news regarding nominations, here’s an excerpt from a delawareonline.com article on the latest breaking news.

Vice Chancellor Leo E. Strine Jr., the colorful and sometimes combative judge in Delaware’s Court of Chancery, has been nominated to lead the forum considered the premier venue for corporate battles and the linchpin to the state’s lucrative incorporations franchise.

Gov. Jack Markell announced the nomination Wednesday, just one week before the scheduled retirement of Chancellor William B. Chandler III, whose last day is June 17.

Strine, 47, who is widely known in America’s corporate law community as a highly intelligent and talented jurist, has served on the court since 1998 as one of four vice chancellors. In that position, Strine developed a national reputation for his penetrating opinions and courtroom humor.

Read the full article HERE.

Small businesses around the country have been worried about the massive paperwork burden included within the Healthcare bill passed last year. The new law, which takes effect January 1, 2012, requires them to provide 1099 forms to every person or business with which they spend $600 or more each year. (For more information on this see our previous blog post: http://blog.delawareinc.com/2010/05/new-tax-law-affects-small-businesses/ )

Lawmakers have been debating for months over how to deal with the 1099 provision, named for the IRS form that it requires. On February 2^nd, small business cheered as a successful bi-partisan vote in the U.S. Senate took place to repeal the 1099 requirement. In the January 25^th State of the Union address the President called the reporting rules a “flaw” in the Healthcare Law.

The House of Representatives is working on this and now has two bills passed by the Ways and Means Committee to be considered by the chamber as a whole, and is expected to pass with flying colors.

When and if the 1099 provision is repealed, small business will be greatly relieved, as the law could have burdened small owners with unnecessary paperwork which is involved in complying. Smalls business across the nation are optimistic about the repealing of this legislation, we will keep you posted!

Harvard Business Services, Inc. is happy to celebrate July as Business Independence Month and we are offering unprecedented savings on all formations in Delaware.  Never in our history have we offered such quality and value for such a reduced rate.  We want to support the entrepreneurs and business people across America by helping them incorporate in the best state possible – Delaware.

Starting on July 1, 2010 at 9am EST, ALL of our prices on formation packages will be reduced by $30.00!  Both the Domestic and International packages are included. Top quality and unsurpassed service have never been cheaper, NOW is the time to file!

• Basic Domestic Service is now $299.00
• Basic International Service is now $420.00
• Standard Domestic Service is now $399.00
• Standard International Service is now $620.00
• Premium Domestic Service is now $569.00
• Premium International Service is now $820.00

To take advantage of these savings online – simply start your order at www.delawareinc.com and enter the discount code “summer” to apply the discount.  To apply by phone – just call one of our friendly and knowledgeable incorporation specialists at 800-345-2677 and the discount will be applied to any DE Filing Package.  With every filing you will receive the best agent service rate in DE at just $50.00 per year and the best lifetime customer support possible.  Please call or visit us online today.