Manager's Note
A NOTE FROM BARBARA
CFO
October is Employee Ownership Month, and it's a great opportunity to reflect on what it means to be an employee-owned company. In fact, I am often asked what it truly means to be an employee-owned company. At Parasec, employee ownership is more than a business model, it's part of who we are.
As an employee-owned company, every member of our team has a personal stake in our success through our Employee Stock Ownership Plan (ESOP). That means the people serving our customers, solving problems, and supporting businesses every day are also invested in helping Parasec grow and thrive.
The ownership mindset helps foster a culture of accountability, collaboration, and pride. It encourages us to think beyond today's work and focus on building lasting relationships, delivering exceptional service, and making decisions that strengthen our company for years to come.
For our customers, this means working with a team that truly cares. When employees are owners, every task matters, every relationship is valued, and every success is shared.
We're proud to be employee-owned because our greatest strength has always been our people. Their dedication, expertise, and commitment make Parasec stronger every day, and we're honored to share in the success they help create.
To our employee-owners, thank you for everything you do. Together, we're building a stronger company, creating opportunities for one another, and making a positive impact on the clients and communities we serve.
And to our clients, thank you for your continued trust and support. We're grateful for the opportunity to serve you and appreciate the role you play in our success. We look forward to supporting your business for many years to come.
Industry News
Delaware: Plan Ahead for Year-End Entity Terminations
Delaware allows businesses to submit dissolution, cancellation, and other termination filings in advance while selecting a future effective date. This can help legal teams, CPAs, and business owners complete year-end planning early, avoid last-minute deadlines, and address any filing issues before the holiday rush.
For Delaware corporations, future effective dates may be set up to 90 days after filing. LLCs and LPs may select an effective date up to 120 days after filing. Keep in mind that all required franchise taxes and annual reports must be filed and paid before, or at the time, the termination document is submitted. Also note that once a dissolution or cancellation filing with a future effective date has been submitted, the entity cannot obtain a certificate of good standing or certified copies until the effective date has passed.
If you're planning a year-end entity termination, filing ahead of time can help simplify the process and reduce year-end stress.
Need assistance? Contact our Delaware team at deorders@parasec.com.
Iowa: Nonrefundable Surcharge Fees
When using preclearance or expedited filing services in Iowa, keep in mind that associated surcharge fees are nonrefundable. This applies even if a filing is returned unfiled, rejected, or submitted after a posted cutoff time.
If corrections are needed, the document must be resubmitted along with any applicable fees. Careful review before submission can help avoid unexpected costs and processing delays.
Learn more on the Iowa Secretary of State's Preclearance and Expedited Services page here.
Louisiana: Filing Fee Increases Start October 1, 2026
Businesses with Louisiana entities should be aware of upcoming filing fee increases. Effective October 1, 2026, the Louisiana Secretary of State will implement a new fee schedule affecting a variety of business filings, including entity formations, annual reports, registered agent changes, certificates of good standing, certified copies, and expedited processing services.
Some of the most common increases include:
LLC formations: $100 to $125
Foreign LLC registrations: $150 to $185
Corporate formations: $75 to $95
Foreign corporation registrations: $125 to $155
Annual reports: $30 to $35
Certificates of good standing: $20 to $25
Organizations planning Louisiana filings may want to review upcoming needs before the new fees take effect. View the new fee schedule ยป New Louisiana Commercial Division Fee Schedule.
Parasec Updates
Coming Soon: A Fresh New Look for Parasec
We're excited to share that Parasec will be unveiling a redesigned website later this month. Along with a refreshed look, you'll see enhancements to our entity management platform, ordering process, account management tools, payment experience, and more.
While things may look a little different, the service and support you've come to expect from Parasec remain the same.
Interested in seeing what's new? Web demos of the updated platform will be available for clients who would like a closer look.
Stay tuned! The same great service is getting a fresh new look.
Service Spotlight
Entity Formations & Foreign Qualifications
Starting a new entity or registering in a new state? Parasec provides nationwide support for entity formations and foreign qualifications. Whether you need filing-only help or full document preparation and filing, our team simplifies the process and helps reduce delays. We assist with name reservations, entity formations, and multi-state qualification projects. Legal professionals, CPAs, and businesses nationwide rely on our responsive service and attention to detail. Count on us to support your growth from day one and beyond. Learn more about incorporations and formations, and foreign qualifications.
Client Testimonial
"I have been a client of Parasec for over 40 years. I can always depend on its staff to completely satisfy my requests." ~ Raymond S., Attorney
Disclaimer: This newsletter provides brief summaries of the included bills, many of which are comprehensive and nuanced. These overviews are not intended to capture all potentially relevant provisions. For complete and up-to-date information, please refer to the full text of each bill on the appropriate state legislative website.