Companies planning to go public one day will typically form general corporations. In these blogs, we explain all you need to know.Delaware General Corporation Structure
The Delaware general corporation is the strongest company structure in the U.S. It offers a means to raise capital, has three tiers of power and follows bylaws. The bylaws of the company set forth the powers and the limits of power in each of the three tiers. Each group may have separate priorities, and they may clash occasionally... Read MoreDelaware Certificate of Incorporation
A Delaware Certificate of Incorporation is the foundation upon which a Delaware corporation is built. The state of Delaware requires very little information to be made public in order to form a corporation; the Certificate of Incorporation only requires a few pieces of information... Read MoreWhat Does It Mean to Be a Shareholder in a Corporation?
A shareholder is an individual or entity that holds shares representing an equity ownership interest in a corporation, often termed either common or preferred stock. A shareholder can also be referred to interchangeably as a stockholder... Read MoreDelaware 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 MoreHow to Fix Business Mistakes in a Delaware Corporation
Drafting corporate resolutions, recording meeting minutes and tracking stock available for issuance is sometimes seen as a distraction from the company’s primary focus of pursuing its business plan and achieving its goals... Read MoreCompany Structure: Corporation
The Delaware General Corporation Law is flexible with respect to the type and number of officers a Delaware corporation must appoint. The applicable portion of the Delaware Corporation Law provides that a Delaware corporation shall have “such officers with such titles and duties as shall be stated in the bylaws or in a resolution of the Board of Directors which is not inconsistent with the bylaws.”.. Read MoreIs an LLC a corporation? What's the Difference?
Why is Google a corporation and YouTube an LLC? Both, of course, chose Delaware as their corporate home, even though they are headquartered elsewhere. So why did Google choose to form as a corporation and YouTube as an LLC?.. Read MoreWhat Is a Banking Resolution Document?
At the first meeting of the members (for an LLC) or the Board of Directors (for a corporation) establishing a company, a 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 MoreAnatomy of an S Corporation [INFOGRAPHIC]
Everything you need to know about an S Corporation, in our simple Anatomy of an S Corporation [INFOGRAPHIC]... Read MoreNon-Profit Corporation vs Public Benefit Corporation
There are no owners nor shareholders in a non-profit but there are owners in a benefit corporation. A non-profit serves a public purpose & doesn't profit... Read MoreEverything You Need to Know About Stock Transfers
Certain information should always be included when you issue stock transfers, such as names, dates & number of shares owned... Read MoreWhat 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