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Thank you for your question. Please permit me to assist you this morning.To answer your second point first, you do need to file formal "Articles of Amendment" which would show the new ownership split to the State. Here is the link to that form:http://corp.delaware.gov/amend09.pdfAs for filing an annual report, the state of Delaware makes the process fairly easy. Just follow the link below and file the whole report online--just follow the instructions, have a payment of $125 ready, and once you finish, you will be compliant:http://corp.delaware.gov/frtax.shtmlGood luck!