The HBS Blog offers insight on Delaware corporations and LLCs as well as information about entrepreneurship, startups, cryptocurrency, venture capitalism and general business topics.
Authorizing Shares for Your Delaware Corporation
Tuesday, November 13, 2018
Now that you've formed a corporation, you may wonder about authorizing shares for your Delaware corporation. How many shares do you need and at what "par value?".. Read More
Your Effective Date Affects Your Franchise Tax
Monday, November 12, 2018
The Franchise Tax for Delaware LLCs and Delaware LPs is due on or before June 1st of each year, and the Delaware Franchise Tax and annual report for Delaware Corporations is due by March 1st each year. This cycle is triggered the second the company is officially on the books with the Delaware Secretary of State... Read More
EIN Confirmation Letter
Tuesday, November 6, 2018
If we obtained the EIN number on behalf of your company, feel free to request that the 147C letter be faxed to us at (302) 645-1280. Once the fax has been received, we will email the letter to you as a courtesy... Read More
Finding a Name for Your Delaware Company
Monday, November 5, 2018
During the formation process, while deciding what company name is best for your brand, it’s important to note that the Delaware Secretary of State requires that the company name include a Corporate ending... Read More
Free Webinar on Forming Your Own Company
Tuesday, October 30, 2018
On November 14th, 2018 at 3:00 PM EST, Harvard Business Services, Inc. presents a free live webinar to help prospective business owners understand their options for creating a company and why Delaware is the premier choice for new company formations... Read More
Operating in Kansas with a Delaware LLC or Corporation?
Monday, October 29, 2018
The process in which one state gives you the authority to operate there even though you incorporated in another state is called Foreign Qualification. This post will address Delaware LLCs and Corporations that will operate in Kansas... Read More
What Is a Banking Resolution Document?
Tuesday, October 23, 2018
At the first meeting of the members (for an LLC) or the Board of Directors (for a corporation) establishing a company, a corporate resolution about banking details is often included.
Although a company may agree on several different types of resolutions during the meeting, the banking resolution is often the most commonly extracted resolution from the general minutes of the meeting... Read More
The New Divisive Merger Provisions under Delaware Law
Monday, October 22, 2018
Under this provision, members of a limited liability company can develop a plan to divide a business and its assets and liabilities among two or more newly-created entities, with each business continuing independently... Read More
What Is The Role of a President of a Corporation?
Tuesday, October 16, 2018
The person who is President of a company is in the highest position within an organization and, in some cases, takes on the title of Chief Executive Officer as well... Read More
Do I Need an EIN Number?
Monday, October 15, 2018
Most newly-formed companies will require an Employer Identification Number, but there are exceptions. In this post, we take a look at the criteria provided by the IRS to determine if an EIN is needed... Read More