About Corporations

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

What Is the Role of Officers in a Delaware Corporation?

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By Brett Melson Monday, May 8, 2017

Delaware 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

Delaware Corporation Directors Cannot Be Undisclosed

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By Rick Bell Tuesday, April 18, 2017

On the Delaware Annual Franchise Tax Report, all corporations must list their Company Name; Company Address; Names & Addresses of all Directors; Name & Address of one Officer... Read More

Delaware Blank Check Preferred Stock

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By Rick Bell Tuesday, April 11, 2017

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 More

Delaware General Corporation Structure

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By Rick Bell Tuesday, January 31, 2017

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 More

Delaware Certificate of Incorporation

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By Brett Melson Tuesday, January 17, 2017

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 More

What Does It Mean to Be a Shareholder in a Corporation?

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By Brett Melson Monday, December 12, 2016

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 More

How to Fix Business Mistakes in a Delaware Corporation

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By Brett Melson Monday, September 19, 2016

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 More

Company Structure: Corporation

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By Brett Melson Monday, July 18, 2016

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 More

Is an LLC a corporation? What's the Difference?

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By Rick Bell Tuesday, June 21, 2016

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 More

What Is a Banking Resolution Document?

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By Devin Scott Tuesday, May 10, 2016

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 More