The HBS Blog offers insight on Delaware corporations and LLCs as well as information about entrepreneurship, startups, cryptocurrency, venture capitalism and general business topics.
Non-Profit Corporation vs Public Benefit Corporation
By
Rick Bell
Monday, June 10, 2024
Unlike a non-profit company, a PBC may be first and foremost engaged in a profitable enterprise of a very different nature from its mission, such as making food products, engaging in real estate investments or any other for-profit enterprise...
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What is a FinCEN Identifier (FinCEN ID)?
By
Justin Damiani
Tuesday, June 4, 2024
Discover how the Corporate Transparency Act (CTA) impacts your business reporting requirements. Learn about the benefits of using a FinCEN ID to protect your personal information and streamline the filing process. Get essential insights on Delaware formations and ensure your compliance with ease. Don't miss out on crucial information for entities formed in 2024. Click now to read our latest blog and simplify your FinCEN filings...
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Plan Your Delaware Company’s Business Start Date
By
Justin Damiani
Monday, June 3, 2024
Would you like to set your new Delaware company’s business start date? Maybe you want to register a Delaware company with an effective date of your son or daughter’s birthday or on your wedding anniversary date. If it’s close to the end of the year, you may even prefer an effective date of January 1. In Delaware, an LLC’s Certificate of Formation or a Corporation’s Certificate of Incorporation can be filed with an effective date and even an effective time...
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Is an LLC a corporation? What's the Difference?
By
Rick Bell
Monday, May 27, 2024
Why is Google a corporation and YouTube an LLC? Both, of course, chose Delaware as their corporate home, even though they are headquartered elsewhere.
So why did Google choose to form as a corporation and YouTube as an LLC?..
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What Is a Non-Stock Corporation?
By
Paul Sponaugle, Jarrod Melson, Esq.
Tuesday, May 21, 2024
The common use of the non-stock corporation as the vehicle with which to obtain tax-exempt or non-profit status from the IRS has led to an interchangeability of the two terms, but this can be problematic...
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Requirements for a Company Seal
By
Devin Scott
Monday, May 20, 2024
Many companies use a company seal (also referred to as a corporate seal), although it is not required by law. A company seal contains the company’s name, the year of incorporation and the state in which the company was filed. Think of the company seal as the official signature of your company...
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Board Requirements for Seeking Expert Advice
By
Brett Melson
Tuesday, May 14, 2024
Directors often rely on experts in making decisions, to comply with their fiduciary duty of care in becoming adequately informed. This article discusses when a director may successfully claim reliance on experts in avoiding liability for a breach of his or her fiduciary duty of care...
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Preserving Family Business Ownership with a Delaware LLC
By
Brett Melson
Monday, May 13, 2024
A Delaware LLC can be very flexible when it comes to preserving ownership in the family business you've worked so hard to create. In fact, an LLC has the potential to preserve ownership for future decades...
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5 Key Attitudes for Entrepreneurial Success
By
Jeremy Reed
Tuesday, May 7, 2024
No entrepreneur succeeds in every business venture. Every successful entrepreneur fails at least once, if not twice.
How entrepreneurs learn from and utilize their failures, however, is what matters, because in entrepreneurship, attitude is everything. Here are five key attitudes every entrepreneur must conquer in order to run a prosperous business venture...
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Preparing Your Delaware Company for Future Business
By
Justin Damiani
Monday, May 6, 2024
It’s not uncommon for clients to form a new Delaware company, but not begin conducting business activities right away. When and after forming a new Delaware entity, they’re sometimes many things that need to be accomplished prior to conducting business...
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