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.

Operate a Delaware Corporation in Wisconsin By
wisconsin foreign qualification
If you would like to operate your Delaware corporation in Wisconsin, you must first file for Foreign Qualification, pay a fee and provide a Delaware Certificate of Good Standing... Read More
How To Order a Delaware Certificate of Good Standing By
how to order a delaware certificate of good standing
There will be times when you’ll need to check on the status of your Delaware entity and obtain a Delaware Certificate of Good Standing (also known as a Certificate of Existence). Perhaps you are applying for a bank loan or filing for Foreign Qualification in another state. Maybe you are entering into a contract with a third party, or maybe your corporation is merging with another corporation... Read More
Why Zero Par Value Stock Affects Franchise Tax By
Why Zero Par Value Stock Affects Franchise Tax
When 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
how to name a benefit corporation
The 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
change of ownership for an llc
Change 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
doing business in other states
How 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
pros and cons of a delaware series llc
Under 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
what is a limited liability partnership
A 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
delaware LLC certificate of formation
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
what is a w-9
Anyone 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