Companies planning to go public one day will typically form general corporations. In these blogs, we explain all you need to know.
The Delaware Certificate of Incorporation and the Role of the Incorporator
Tuesday, September 19, 2023
Are you starting a Delaware Corporation? Learn more about the process of drafting a Certificate of Incorporation and your role as the business’s incorporator... Read More
Banking Resolution Document - Definition and Templates
Monday, September 18, 2023
At 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
Calling and Holding a Board Meeting in a Delaware Corporation
Tuesday, July 25, 2023
Learn about the rulings surrounding corporate board meetings and their relationship with the corporation’s bylaws. Read part 1 of our 2-part blog series today... Read More
Mission Statement vs Benefit Statement
Monday, July 10, 2023
Both 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
Advantages of a Delaware Close Corporation
Monday, June 26, 2023
A 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
Common Public Benefit Corporation Terms
Tuesday, June 20, 2023
Public Benefit Corporations (PBC) are corporations created with the goal of operating in a way that is responsible and sustainable. These entities exist to to benefit the society as a whole while still creating a profit. We are discussing the terms commonly mentioned when discussing PBCs... Read More
Top 10 Terms When Forming a Corporation
Tuesday, April 11, 2023
When we talk to our clients, specific questions or terms are often mentioned during the formation process. Discover some of the most frequently used corporate terms and lingo used when forming a Delaware corporation then form a corporation of your own today... Read More
Greater Scrutiny to Board Actions Affecting Stockholder Voting Rights
Jarrod Melson, Esq.
Tuesday, April 4, 2023
Delaware’s Court of Chancery applies greater scrutiny when reviewing board actions that affect stockholder voting. Learn more about shareholder voting rights... Read More
Directors Cannot Vote By Proxy at Board Meetings
Jarrod Melson, Esq.
Tuesday, March 14, 2023
Can directors vote by proxy at board meetings? Learn about the rules of board meeting votes and what happens when a board member cannot be present... Read More
My Delaware Corporation Was Voided. Now What?
Monday, October 31, 2022
An LLC (limited liability company) or LP (limited partnership) that does not pay its Franchise Tax Fees for three years in a row will be cancelled by the state.. Read More