About Corporations

Companies planning to go public one day will typically form general corporations. In these blogs, we explain all you need to know.

Free Webinar: What Are Corporate Bylaws? By Michael Kupfer Tuesday, September 24, 2019 Every corporation in Delaware is required to have its own bylaws, even though they are not filed with the state or made public. The bylaws are vitally important for defining procedures and rules that govern the corporation and those associated with it... Read More
What Is the Role of Officers in a Delaware Corporation? By Brett Melson Tuesday, September 17, 2019 What do Officers in a Delaware Corporation doDelaware law mandates that an officer of the corporation must be an individual and cannot be another entity; however, Delaware does not have restrictions in place about who can serve as an officer in a corporation... Read More
What Is a Non-Stock Corporation? By Paul Sponaugle Tuesday, July 23, 2019 what is a non-stock corporation?The common use of the non-stock corporation as the vehicle with which to obtain tax-exempt or non-profit status from the IRS has led to an interchangeability of the two terms, but this can be problematic... Read More
What Is a Certificate of Incumbency? By HBS Tuesday, April 30, 2019 what is a certificate of incumbencyThe Certificate of Incumbency displays the names and positions of the corporation’s directors and officers. It also includes information related to whether they were appointed or elected, and the term of their office... Read More
Mission Statement vs Benefit Statement By Devin Scott Tuesday, April 23, 2019 mission statement vs benefit statementBoth 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
How Important is Corporate Indemnification? By Brett Melson Tuesday, April 16, 2019 what does Corporate Indemnification meanIn 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
Advantages of a Delaware Close Corporation By Devin Scott Tuesday, March 26, 2019 advantages of a close corporationA General Corporation can have as many shareholders as it sees fit. With a Close Corporation, there are restrictions on the sale or transfer of stock. The sale or transfer of stock in a Close Corporation can be restricted by the Right of First Refusal clause... Read More
Why Venture Capitalists Prefer Delaware C-Corps By HBS Monday, January 7, 2019 Why Do Investors Prefer Delaware C CorporationsThe first requirement of every serious investor, angel investor and Venture Capitalist is the same: your company must be a Delaware C corporation before they will even consider investing in it... Read More
Authorizing Shares for Your Delaware Corporation By Paul Sponaugle Tuesday, November 13, 2018 authorizing shares for your delaware corporationNow that you've formed a corporation, you may wonder about authorizing shares for your Delaware corporation. How many shares do you need and at what "par value?".. Read More
What Is a Banking Resolution Document? By Devin Scott Tuesday, October 23, 2018 what is a banking resolution documentAt the first meeting of the members (for an LLC) or the Board of Directors (for a corporation) establishing a company, a corporate resolution about banking details is often included. Although a company may agree on several different types of resolutions during the meeting, the banking resolution is often the most commonly extracted resolution from the general minutes of the meeting... Read More