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.

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
Want to Register a Delaware Company in Rhode Island? By
register a delaware company in rhode island
You can operate a Delaware company in any state, as long as you foreign qualify the company and stay in compliance in both your domestic and foreign state... Read More
Delaware LLC Privacy: What's on Public Record? By
delaware llc privacy
A Delaware LLC filed through a professional Registered Agent affords you the highest level of confidentiality. Only the company name and the name and address of the Registered Agent typically appear on the Certificate of Formation, along with the date of filing and the company file number... Read More
How Important is Corporate Indemnification? By
what does Corporate Indemnification mean
In a corporation, the scope of indemnification can vary, depending upon the terms of the corporation’s charter and bylaws, but only within certain parameters prescribed by the Delaware corporate law and judicial precedent... Read More
Company Seal Requirements | Why Use a Company Seal? By
Company Seal Requirements
Many companies use a company seal, which contains the company’s name, the year of incorporation and the state in which the company was filed. The company seal contains the company’s name, its year of incorporation and the state in which the company was filed. Think of the corporate seal as the official signature of your company... Read More