Companies planning to go public one day will typically form general corporations. In these blogs, we explain all you need to know.
Banking Resolution Document - Definition and Templates
Tuesday, November 10, 2020
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
Perpetual Existence for Corporations
Monday, October 26, 2020
A corporation typically “lives” separately from its founder(s), shareholders, and employees. In other words, regardless of individuals involved in the business quitting, retiring, or even passing away, the business entity will still exist... Read More
Get a Digital Stock Ledger for Your Delaware Corporation
Monday, October 5, 2020
We believe StockTreasury is the first, and currently the ONLY, digital stock ledger available with blockchain security. We think you’ll find StockTreasury easy to use and compared to Carta and other non-blockchain SaaS platforms, extremely reasonably priced... Read More
Recorded Webinar: Delaware Corporation Basics
Monday, September 28, 2020
This webinar is packed full of great information dealing with the basic elements of a Delaware corporation and detailing some of the finer points as well. Available in video and transcribed formats... Read More
My Delaware Corporation Was Voided. Now What?
Tuesday, September 22, 2020
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
Change Your Company’s Number of Authorized Shares
Monday, September 14, 2020
The number of authorized shares you choose for your corporation is important because authorized share information is listed on your Certificate of Incorporation and filed with the state of Delaware... Read More
Par Value: How Low Can You Go?
Tuesday, September 1, 2020
Par value is the lowest limit set to the value of a share of stock in a corporation. Shares can be sold for more than par value, but not less... Read More
How to Fix Business Mistakes in a Delaware Corporation
Tuesday, July 7, 2020
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
Non-Profit Corporation vs Public Benefit Corporation
Tuesday, June 30, 2020
Unlike a non-profit company, a PBC may be first and foremost engaged in a profitable enterprise of a very different nature from its mission, such as making food products, engaging in real estate investments or any other for-profit enterprise... Read More
Delaware Corporation Directors Cannot Be Undisclosed
Tuesday, June 16, 2020
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