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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.

Leo Strine Jr. Nominated for Chancery Court
By Carleigh Lowe Wednesday, July 13, 2011

The Court of Chancery, as many of you know, is one of the great perks of incorporating in Delaware. At Harvard Business Services, Inc., we like to keep up with the latest news regarding nominations. Here's an excerpt from a Delawareonline article on this latest breaking news.

Vice Chancellor Leo E. Strine Jr., the colorful and sometimes combative judge in Delaware's Court of Chancery, has been nominated to lead the forum considered the premier venue for corporate battles and the linchpin to the state's lucrative incorporations franchise.

Gov. Jack Markell announced the nomination Wednesday, just one week before the scheduled retirement of Chancellor William B. Chandler III, whose last day is June 17.

Strine, 47, who is widely known in America's corporate law community as a highly intelligent and talented jurist, has served on the court since 1998 as one of four vice chancellors. In that position, Strine developed a national reputation for his penetrating opinions and courtroom humor.



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Best Business Quotes from Movies
By Carleigh Lowe Tuesday, July 12, 2011

Check out this great article from featuring 35 fantastic movie quotes regarding business. Below is an excerpt:

Horrible Bosses, a comedy about three corporate hamsters who aim to kill their oppressors, opens this weekend. Early reviews are solid: Rotten Tomatoes awards the flick a 76% “fresh” rating, and it’s packed with star power–Bateman, Spacey, Farrell, Aniston, Sutherland. But will people be quoting lines from Horrible Bosses for years to come?

Box office sales are one measure of a movie’s success. Then there’s how often people relive the experience by recalling the choicest lines–or even weaving them into their own conversations. Take Caddyshack, for example. Plenty of movies have pulled in more than its $40 million in revenue (according to, but few perhaps have inspired so many people to quote it.

The beauty of a great quote (of the more serious variety) is its power to distill. To punctuate. To make things click. Sometimes the moral is presented on a plate, obvious as can be; sometimes the delivery is more subtle and sly. No matter how they’re served up, the best quotes resonate–for days, weeks, even years, unlike all those deafening explosions blasting their way through the summer blockbuster season.

We went looking for the best business quotes from the silver screen. Colleagues and readers chipped in. Our criteria were subjective, but there were three general guidelines.

First, we didn’t want a list of usual suspects. (Gordon Gekko still made the cut.) Second, we wanted to look beyond movies expressly about business (hence selections from the likes of Cool Hand Luke and Finding Nemo). Third, we wanted the quotes to touch on a variety of fundamental themes—from hard work and leadership, to cutthroat sales tactics and the capriciousness of the economy.

A sampling of HBS's favorites:

American Gangster

True story of the 1970’s heroine kingpin Frank Lucas and Richie Roberts, the cop seeking to arrest him.

Quote: “The loudest one in the room is the weakest one in the room.” — Frank Lucas (Denzel Washington) to his cousin Huey

The Apartment

To curry favor with his betters, a man lets company execs use his apartment for trysts. Mayhem ensues.

Quote: “Normally, it takes years to work your way up to the twenty-seventh floor. But it only takes 30 seconds to be out on the street again. You dig?” — J.D. Sheldrake (Fred MacMurray) to C.C. Baxter (Jack Lemmon) during a conversation in which Baxter attempts to set his boss straight


Cool Runnings

When a group of Jamaican Olympic hopefuls don’t make the cut for the summer games, they decide to create Jamaica’s first bobsled team.

Quote: “The driver has to work harder than anyone. He’s the first to show up, and the last to leave. When his buddies are all out drinking beer, he’s up in his room studying pictures of turns.” — Coach Irv (John Candy) to the team.

You’ve Got Mail

Romantic comedy starring Tom Hanks as Joe Fox, and Meg Ryan as Kathleen Kelly, about two business competitors’ anonymous online romance.

Quote: “The whole purpose of places like Starbucks is for people with no decision-making ability whatsoever to make six decisions just to buy one cup of coffee. So people who don’t know what the hell they’re doing or who on earth they are can, for only $2.95, get not just a cup of coffee but an absolutely defining sense of self: Tall. Decaf. Cappuccino.” — Fox to Kelly, in an ironic Instant-Message chat


Steel Magnolias

Set in the fictional Louisiana suburb of Chinquapin Parish, about the journey of six women and how they cope with what life throws at them.

Quote: “Smile. It enhances your face value.” — Truvy Jones (Dolly Parton)

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EIN Order Form Now on
By Paul Sponaugle Wednesday, July 6, 2011

Whether it’s changing the name of an entity or re-organizing an entity, changes like this often seem to raise the question, “Do I need to get a new EIN?” Ultimately, that decision will be made by the IRS, but as a rule of thumb, any time a business re-organizes it will need a new EIN (Federal Tax ID).  Examples of re-organization include:

  • Changing from a corporation to another entity, like an LLC or Limited Partnership, or vice versa
  • Incorporating in a new state, resulting in a new state charter
  • Merging corporations, resulting in a new corporation
  • Changing a sole proprietor to a partnership or other business entity like a corporation, LLC, etc
  • Changing a partnership to a sole proprietor or other business entity like a corporation, LLC, etc
  • Changes to a partnership, resulting in a new partnership (i.e. one partner out, a new partner in)
  • Changes in business ownership that result in the original EIN applicant no longer maintaining ownership of the company

Aside from re-organizing a business, most other changes typically do not require a new EIN.  Some examples of changes that do not require a new EIN are:

  • Changing the name of your business
  • Changing a location or adding a location
  • Electing to be taxed as an S corporation or electing, on Form 8832 Entity Classification Election, to change the way the entity is taxed
  • A partnership or corporation declares bankruptcy

These lists are not meant to cover all situations, but do cover a number of common changes we see every day here at Harvard Business Services, Inc.  If you still wonder whether or not you need a new EIN, check out this article entitled, “Do You Need a New EIN?”

You can fill out this order form if you'd like Harvard Business Services, Inc. to obtain a new EIN order form for your business. It's never been easier!

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101: How to Communicate with Tact and Professionalism
By Michael Bell Wednesday, June 29, 2011

I recently took a two day Fred Pryor Seminar called “How to Communicate with Tact and Professionalism.” This seminar was built around learning leadership skills and behavioral tactics. Here are the top ten things I learned from this course, take a look they could be very useful to you:

  1. People are not wired the same, we need to learn to read people
  2. 3 ways to communicate
    1. Seminar
    2. Cell phone
    3. Written communication (Email)
  3. The eyes cannot see what the mind cannot comprehend
  4. DON’T treat people the way you would like to be treated, instead treat people the way THEY would like to be treated.
  5. A new thought produces a new condition
  6. Never complain to someone who can’t help you
  7. Listen with your eyes
  8. In today’s society “It is no longer about controlling people it’s about uplifting people”
  9. Ask open ended questions, close ended questions and clarifying questions at the right time, to learn how to best communicate with the person you’re talking to.
  10. It takes doing something an average of 21 times to get in a routine.

I hope you find these useful tips as I found this class to be very practical. I believe it will only help as I continue on my career path. For more information on this course and other courses they have to offer visit

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Harvard's New Sign
By Michael Bell Tuesday, June 21, 2011

Here at Harvard Business Services we are always looking for how to make improvements to our facility. Our newest addition is our brand new pylon sign with a state-of-the-art LED reader board. More than 5 million cars a year pass by our office on Coastal Highway in Lewes so the advertising value of having the sign out there is significant. Just to give you some perspective on this magnificent sign the base is 5’ tall x 4’ wide, the middle of the sign is 7’ tall x 8’ wide and the top of the sign is 8’ tall x 14’ wide. The entire sign stands 20’ in the air and is 14’ at its widest point. It’s made of 100% aluminum including the internal structural part. We even took it a step further and placed 4 state of the art cameras at the top of the sign (two on either side) for maximum security of our facility. Check out the photo below!

HBS New Sign

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