The HBS Blog

The HBS Blog offers insight on Delaware corporations and LLCs as well as information about entrepreneurship, startups, cryptocurrency, venture capitalism and general business topics.

Should You Incorporate Your Band? By
Why incorporate your band
The reason a band should incorporate is because most musicians’ dreams are to become the next Rolling Stones, Mumford & Sons or Maroon 5. However, in order to do that, you have to attract the notice of an A&R representative and then get signed to a record label... Read More
EIN Responsible Party for a Business Entity By
responsble party for an ein
To be clear, the Responsible Party must be an individual. Furthermore, no other person within the entity can make IRS-related changes other than the assigned Responsible Party... Read More
Delaware Blank Check Preferred Stock By
delaware blank check preferred stock
Every Delaware General Corporation must have one class of common stock, but it can also have a second class of stock (or more) with customized terms for the different classes. The most popular second class of stock is called preferred stock because it can contain terms, negotiated between the Board of Directors and the recipient, that are preferred over the rights of common stockholders... Read More
How to Convert an LP to an LLC By
How to Convert an LP to an LLC
The Operating Agreement governing the procedures of the LLC and the rights and obligations among its members is more flexible than that of a Limited Partnership, and may contain provisions and terms that would be impermissible in the context of a Delaware Limited Partnership... Read More
Anatomy of an S Corporation [INFOGRAPHIC] By
s corporation structure
What is an S corporation and how does being one help a company? Find out in our simple infographic... Read More
What Is a Resale Certificate? By
what is a resale certificate
The purpose of a resale certificate--also known as a tax exemption certificate--is to allow you to buy goods through your business without paying local sales tax... Read More
Non-Profit vs Benefit Corporation (Infographic) By
non profit vs benefit corporation
Our infographic highlights the most important ten differences between non-profits and benefit corporations... Read More
Delaware LLC/LP Franchise Tax Is Due June 1, 2018 By
2018 delaware LLC franchise tax due
Franchise Tax is due for all Delaware LLCs, series LLCs and Limited Partnerships (LPs) on June 1 of every year... Read More
How to Speed Up Your EIN Application By
speed up ein application
The possibility of causing a delay during the EIN application process could potentially handicap your new business. This would be a less than ideal start for a new venture... Read More
The Court of Chancery: Part of the Delaware Advantage By
what is the delaware court of chancery
Delaware’s “corporate crown” can be credited in large part to a court system whose roots reach back to feudal England. In its infancy the Court of Chancery was set up by the King of England to hear matters where no law was in existence to settle some disputes... Read More