About Corporations

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

Understanding the 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
Free Webinar: How a Corporation Is Structured By Michael Kupfer Monday, April 22, 2019 Many people are aware that an “Inc.” at the end of a company name indicates that it’s a corporation, but there is often confusion about what being a corporation actually means. What are the basic elements of a corporation? How does ownership work? There are many questions you may never have even thought to ask... 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
What Is The Role of a President of a Corporation? By Michael Bell Tuesday, October 16, 2018 what does the president of a company doThe person who is President of a company is in the highest position within an organization and, in some cases, takes on the title of Chief Executive Officer as well... Read More
Delaware Certificate of Incorporation By Brett Melson Monday, August 20, 2018 certificate of incorporationA 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 More