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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.

How to File an LLC Even Faster
By Brett Melson Monday, February 17, 2014

Want to know how to file an LLC even faster? With the launch of the new Harvard Business Services, Inc. Web site, we're also introducing a new way to file an LLC or corporation quickly for both domestic and international clients!

If you prefer to take advantage of our filing services, but only need the minimum level of service, we have a solution: Our Green package. With the Green package, HBS can have your LLC or corporation formed the same day you order without having to disclose the member or director names or addresses for public record. Via this new package, we can prepare and file your certificate of formation/certificate of incorporation electronically, act as the agent for one full year, and provide the approved document from Delaware generally within 24 to 48 hours. The cost for the formation is $279.

The Green Delaware LLC/corporation package includes:

Preparation of the certificate of incorporation/certificate of formation

Preparation of the articles

Immediate name check availability

All Delaware state filing fees

Same-day electronic filing

Non-disclosure of member/director names

One full year of agent service

Valid digital copy of approved documents in 24 to 48 hours

Digital corporate seal

Lifetime customer support

What this special offer means to you:

No dealing with state employees – HBS has experienced staff ready to handle your filing from A to Z!

No listing your name on certificates – HBS can act as the organizer to allow you to protect your personal information.

No unreadable faxes – HBS delivers documents in PDF format to ensure crystal clean copies!

No snail-mail/fax delivery – Our email of PDF documents ensures 24 to 48 hour delivery!

No lost documents – Your documents stay in your inbox and can be saved electronically for future use!

Your annual Delaware registered agent fee will be fixed at $50 for the life of your company.

To file for a new Delaware LLC, corporation, or non-profit company, call us at 800 345 2677 opt 1 or visit us at DelawareInc.com.

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4 Common Franchise Tax Filing Mistakes
By Rick Bell Tuesday, February 11, 2014

Do you want to deal directly with the state of Delaware for your company's Franchise Tax needs?

Keep these common mistakes in mind:

 

  1. Waiting until the last minute to pay your Franchise Tax. If you're one of the one million Delaware companies that believe they can log on to the state’s website on February 29 at 8 PM and pay via PayPal, think again. Our advice: Pay your Delaware Franchise Tax early and use Visa or MasterCard.

 

  1. Not having a credit card. The state accepts MasterCard, Visa and American Express. If you don’t have a credit card, don’t bother calling them. Just mail your check and tax form.

 

  1. Failure to provide director information: This is neccessary and required information.

 

  1. Failure to have your company’s state file number. The state does not have the name and address information for your company, nor does it have a contact person for your company. In Delaware, the Registerd Agent maintains the contact person’s information. Therefore, the state cannot verify your payment will be credited to the correct company if you happen to select the wrong company--one with a very similar name to yours--when you pay the Franchise Tax. (This happens more than you might think.) A mistake like this will take time to sort out and during that time, you may not be able to get a Certificate of Good Standing if you should need one.

 

For assistance with filing your Delaware annual Franchise Tax, please feel free to call, email or live chat with us. We're happy to help.

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Can I File My Delaware Company Directly With the State?
By Frannie Esparza Monday, February 10, 2014

We often have clients ask us if they can file their documents directly with the state. In the industry, we call that "self filing," and we encourage people who don’t mind putting in some time and effort, and are willing to pay for expedited service, to try it themselves.

Clients look to us for various filing services as their company needs them, not just the initial formation. For example, some clients need a Certificate of Good Standing to present to their bank in order to open up a corporate bank account for their Delaware LLC or corporation. Other clients need to amend their original Certificate of Incorporation in order to increase the number of authorized shares. We also have clients that need to change the name of their entity by filing a name amendment with the state. We can prepare and file these matters for our clients, or a client can prepare the documents and file them directly with the state.

With all the expenses of a start up business and trying to get a Delaware company up and running, clients may be looking for the most cost effective way to get these sort of things done. With this said, we often get the question, “Can’t I just file this directly with the state?” and the answer is, yes you can. In this blog however, I want to review the pros and cons of filing these sorts of documents yourself vs. having Harvard take care of it for you.

To order a Certificate of Good Standing directly from the state of Delaware you must do so in writing. Simply send a written request to the Division of Corporations along with a fee of $50 if you want their regular service. Once they receive your written request they will then mail you the Certificate of Good Standing. This may take a week or more unless you ask to expedite the service. To expedite the service to receive the document within two hours is an additional $500 and within one hour you are looking at a $1000 fee.

Here at Harvard Business Services, Inc., we work directly with the state of Delaware through a digital imaging system that allows us to electronically file these types of documents directly with the state. You can place your order online or over the phone and do not have to submit anything in writing. You can order the certificate of good standing right from our Web site.

You can choose our expedited service as well, if you’re in a rush. We can have the certificate of good standing to you within 48 hours or less with our standard service for $99, or we’ll scan and send your certificate the same day using the expedited service for only $124. Both of our services include the state fee for the filing.

This is just one example of a document for your Delaware company that can be obtained either through the state or directly from Harvard Business Services, but the same goes for a name or stock amendment. Let Harvard Business Services, Inc. take care of this for you so you can focus on the success of your Delaware company.

For a list of all the additional services Harvard Business Services provides, please visit our services page, or feel free to give us a call and speak with anyone here. We're ready to help.

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Delaware Franchise Tax Information, All in One Place
By Michael Bell Tuesday, February 4, 2014

Do you own a Delaware corporation? Have you received mailings and emails from us about paying your annual Franchise Tax on or before March 1? Are you perhaps confused as to why you’re receiving correspondence from us, because you know your company is not a franchise? Or maybe you just want the most convenient way to access an array of Delaware Franchise Tax information online?

 

Harvard Business Services, Inc. connects you to a full spectrum of resources about the Delaware Franchise Tax. You’ll be able to quickly find out what the Franchise Tax is, when it's due, how to calculate your Franchise Tax, how and when to pay your Franchise Tax via our online Franchise Tax payment form and the information you're required to submit when filing your tax form.

 

From our Delaware Franchise Tax informational page you can also read a few blog articles which discuss a variety of details regarding the Delaware Franchise Tax.

 

This information is 100% free. You don’t have to pay anything at all to access it, and you won’t be asked to sign in, enter your email address or take a survey.

 

If you have any questions, or you would prefer to speak with a friendly Delaware Franchise Tax specialist, please call (800-345-2677, Ext. 6904), email or live chat with us.

 

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Susan Cain, Quiet | The HBS Blog | Business Strategies
By Christina Cornelius Monday, February 3, 2014

Recently, I read Quiet: The Power of Introverts in a World that Can’t Stop Talking by Susan Cain. The book is worth reading, however, if you can’t read the book, here is what you need to know:

Cain argues that American culture and beyond is biased towards extroversion and that it's to our detriment. The book questions the trend toward organizing our workplaces and schools for those who thrive in environments of heightened stimulation and asks that we correct what she believes is a cultural bias towards the gregarious.

Here are some relevant insights from the book:

-       Introverted leaders have special talents.

-       Because introverts are more likely to implement employee suggestions, they excel at leading employees who take initiative.

-       Introverts excel at innovation and creativity, as both are born in solitude.

-       Introverts do not reach their potential in trendy, open plan offices.

-       Introverted entrepreneurs pair well with an extroverted counterpart.

-       Introverts excel at scanning situations for risk and we should listen to their advice more often, even if they are not the most outspoken in the room.

-       Since extroverts are highly sensitive to rewards, we should value introverted colleagues’ assessment of risk, especially when rewards are particularly high.

-       Introverts excel at complex problem solving, as studies show introverts to be more persistent than extroverts.

-       Passion allows introverts to excel at things associated with extroversion, like public speaking.

-       Research shows that teamwork does not always yield better results than allowing individuals to make progress in solitude.

-       Group brainstorming sessions yield poor results. When employees generate ideas individually, ideas are more original.

-       There is no correlation between being extroverted, charismatic, or talkative and being a good decision maker.

As well, if you are interested in Dale Carnegie, Tony Robbins, Steve Wozniak, and Warren Buffet, or the culture of Harvard Business School, it is worth picking up a copy of the book and reading Cain’s take on each.

Susan Cain is a graduate of Princeton University and Harvard Law School. Even hard-core academics say the book is well researched. I think the book is timely and her message spot on: We should be designing our institutions so that both introverts and extroverts can thrive and we should be listening to the best ideas, not the loudest.

 

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