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.

Venture Capitalists and Entrepreneurs By Meri Weiss Monday, March 20, 2017 what is a venture capitalistVenture Capitalists invest in burgeoning industries that are on a clear upswing, such as tech, SEO and biotech companies. They tend to invest in companies in the middle stages—after the shaky, risky early phase yet before the soaring, competitive phase... Read More
Why Zero Par Value Stock Affects Franchise Tax By Amy Fountain Tuesday, March 14, 2017 Why Zero Par Value Stock Affects Franchise TaxWhen you form a corporation, think about Franchise Tax when you’re deciding the number of authorized shares and the par value of the shares. Most start-up companies are typically formed with a small number of authorized shares and a low (or zero) par value... Read More
What to Know When Naming a Benefit Corporation By Andrew Millman Monday, March 13, 2017 how to name a benefit corporationThe most recent member of the family of Delaware corporate entities is the Delaware Public Benefit Corporation, also known as a Benefit Corporation or B Corporation. The Delaware Public Benefit Corporation came into existence on August 1st, 2013... Read More
Change of Ownership For an LLC Is Easy in Delaware By Brett Melson Tuesday, March 7, 2017 change of ownership for an llcChange of ownership for an LLC can be complicated and requires costly amendments in most U.S. states. However, not in the state of Delaware. The only document required to be filed in Delaware to create an LLC is the Certificate of Formation. Unlike other states, Delaware requires very little information to be made public in order to form an LLC... Read More
Foreign Qualification: Doing Business in Other States By Veselin Ganev Monday, March 6, 2017 doing business in other statesHow can you operate your Delaware LLC in the state in which are physically doing business in? A process called Foreign Qualification. However, some states will require that you provide a Certificate of Good Standing when you file for Foreign Qualification... Read More
Pros and Cons of a Delaware Series LLC By Brett Melson Tuesday, February 28, 2017 pros and cons of a delaware series llcUnder Delaware law, a limited liability company (LLC) may be composed of an individual series of membership interests. This type of entity is referred to as a Delaware series LLC... Read More
What to Know about a Limited Liability Partnership By Brett Melson Monday, February 27, 2017 what is a limited liability partnershipA limited liability partnership is a general partnership that has elected to be treated as a limited liability partnership under Delaware law. An LLP is not set forth in a separate portion of the Delaware code; instead, the laws governing the features of an LLP are the same as those governing general partnerships... Read More
What is a Delaware LLC Certificate of Formation? By Devin Scott Tuesday, February 21, 2017 delaware LLC certificate of formationA Certificate of Formation is like a birth certificate for a new Delaware LLC. It is filed and must be approved by the Delaware Secretary of State. The Certificate of Formation is the document you receive from the state of Delaware once your LLC is filed and approved by the Delaware Secretary of State, Division of Corporations... Read More
W9 Form: When and Why to Use It By Andrew Millman Monday, February 20, 2017 what is a w-9Anyone who does work for a company but is not a full-time employee of the company should fill out the W-9 federal income tax form. Freelancers and independent contractors may have to fill out many W-9 forms, depending on how many companies they work for over the course of a year... Read More
How to Do Business in Wyoming with a Delaware Company By Devin Scott Tuesday, February 14, 2017 operate a delaware corporation in wyomingIf you would like your Delaware LLC or corporation to operate in the state of Wyoming, you will have to file for Foreign Qualification in order to be granted the authority to do business in Wyoming from the state... Read More