The HBS Blog

The HBS Blog offers insight on Delaware corporations and LLCs as well as information about entrepreneurship, start-ups and general business topics.

Non-Profit Corporation vs Public Benefit Corporation By
non-profit vs benefit corp
A traditional non-profit—or not-for-profit—company aims to serve a public benefit without making a profit, as defined by the IRS. If a non-profit company decides to stop doing business and dissolve, it must distribute its assets among other non-profits... Read More
How to Add a Series to a Delaware Series LLC By
how to add a series to a delaware series llc
A Series LLC is a viable option for business owners who operate multiple types of businesses—they can form a separate LLC for each aspect of their business... Read More
Certificate of Incorporation: Delaware By
Certificiate of Incorporation Delaware
One of the many benefits of forming a Delaware corporation is that the Directors’ names are not required to be listed on the Certificate of Incorporation... Read More
A New Company for a New Year By
new delaware company in 2018
Did you know you can set up a new Delaware LLC or Delaware corporation so it’s ready for business at the start of 2018 and you save $100 plus don’t have to pay Franchise Tax until 2019?.. Read More
Mission Statement vs Benefit Statement By
mission statement vs benefit statement
Both Public Benefit Corporations and Non-Profit Corporations require additional language on the Certificate of Incorporation, in the form of a Benefit Statement (for a Benefit Corporation) or a Mission Statement (for a Non-Profit Corporation). There are typically differences in the language in these two statements... Read More
What Are a Corporate Secretary’s Responsibilities? By
what is a corporate secretary
Many people think a Corporate Secretary’s role is merely to take and record meeting minutes. While doing so is, indeed, one of the Corporate Secretary’s responsibilities, it is nowhere near the entirety of this pivotal role... Read More
Changes to Delaware’s Corporate Franchise Tax Fees By
Changes to Delaware’s Corporate Franchise Tax Fees
The Delaware General Assembly passed House Bill 175, which affects some taxes and fees imposed by Delaware’s Secretary of State. All the amendments have been approved. Some are already in effect and some will not be applicable until January 1, 2018... Read More
Can I Operate Multiple Businesses Under One LLC? By
Can I operate multiple businesses under one LLC?
It is possible and permissible to operate multiple businesses under one LLC. Many entrepreneurs who opt to do this use what is called a "Fictitious Name Statement" or a "DBA" (also known as a "Doing Dusiness As") to operate an additional business under a different name... Read More
How to Operate a Delaware Company in South Carolina By
operate a delaware company in south carolina
If you would like to operate a Delaware company in South Carolina, you must complete the process of Foreign Qualification in order to register your business as a foreign entity there... Read More
4 Things to Know about Corporate Bylaws [Free Template] By
4 Things To Know about corporate bylaws
Corprate bylaws provide the granular detail into how the corporation will operate and what its governance mechanics will be. They also describe the relationship among its Board of Directors, its officers and its shareholders... Read More