The HBS Blog offers insight on Delaware corporations and LLCs as well as information about entrepreneurship, startups, cryptocurrency, venture capitalism and general business topics.
Contractual Non-Performance in the Age of Pandemic
Monday, April 20, 2020
Work and travel restrictions, quarantines, and the slowing pace of manufacturing and distribution of goods has led to a worldwide question that applies on a scope never before contemplated – How does COVID-19 affect performance under contracts?.. Read More
The Delaware Dynasty Trust: Another Delaware Advantage
Tuesday, April 14, 2020
Setting up a Delaware Dynasty Trust is something you should not attempt without top-tier legal advice. Since the purpose is mainly to protect the breakup of your interest in your company, you’ll want it to outlast legal challenges long after you’re gone... Read More
EIN Issuance – Coronavirus-Related Delays and Issues
Monday, April 13, 2020
With very few exceptions, anyone forming a U.S. business should obtain an EIN by applying with the IRS. A newly formed business needs an EIN to open bank accounts, take out loans, hire employees, and pay taxes, among other things... Read More
How to Run a Shareholder Meeting
Tuesday, April 7, 2020
Delaware law requires every corporation to hold an annual shareholders meeting at least once every 13 months. Generally, the date of the annual meeting is contained in the bylaws of the corporation. A meeting must be held, regardless of the number of shareholders in the corporation... Read More
Where Should I Form My Company?
Monday, April 6, 2020
If you were forming a local plumbing firm, I would say form it in your home state, but if you’re out to build a business that will be global in nature and scale up to what might now seem like a mighty dream, then Delaware is the only way to go... Read More
Converting a Non-U.S. Entity to a Delaware Corporation
Tuesday, March 31, 2020
We have recently received numerous requests from clients based outside of the United States regarding converting, or “domesticating,” their already existing company based in another country into Delaware... Read More
Nevada Corporate Law: Embracing the Reckless Fiduciary
Monday, March 30, 2020
A recent Nevada Supreme Court decision held that an officer or director of a Nevada corporation can act in a grossly negligent, uninformed, careless, or even reckless manner and still not violate his or her fiduciary duty of care to the company and the shareholders... Read More
Letter from the President of Harvard Business Services
Tuesday, March 24, 2020
Over the last two weeks, our Information Technology (IT) team has expanded our company’s overall capacity to work remotely. If every single one of our team members must work from home, our company is able to continue to offer all products and services, and maintain the same high standards to which you are accustomed... Read More
Does the IRS Make Company and Tax ID Information Public?
Monday, March 23, 2020
The IRS releases very little information to the public and takes privacy and confidentiality of personal and business tax-related info very seriously. Only a Responsible Party, an officer of a corporation, partner in a partnership, or general partner of a limited partnership can call the IRS and retrieve an EIN... Read More
Cash Reserves: How Much Does Your Business Need?
Tuesday, March 17, 2020
How much money in cash reserves should your company have? There is no one-size-fits-all answer to this question... Read More