About Corporations

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

Adding and Removing Directors on a Board By Brett Melson Monday, November 27, 2023 In short, and as discussed here, Delaware’s General Corporation Law provides that shareholders are ultimately responsible for appointment and removal of Directors, with the mechanics and processes relating to the vote, removal, and replacement ordinarily set forth in the corporation’s bylaws... Read More
Directors Cannot Vote By Proxy at Board Meetings By Jarrod Melson, Esq. Tuesday, October 31, 2023 Board of DirectorsCan 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
The Delaware Certificate of Incorporation and the Role of the Incorporator By Brett Melson Tuesday, September 19, 2023 Delaware Certificate of Incorporation and the Role of the IncorporatorAre 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 By Devin Scott Monday, September 18, 2023 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
Calling and Holding a Board Meeting in a Delaware Corporation By Brett Melson 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 By Devin Scott Monday, July 10, 2023 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
Advantages of a Delaware Close Corporation By Devin Scott Monday, June 26, 2023 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
Common Public Benefit Corporation Terms By Justin Damiani Tuesday, June 20, 2023 Public Benefit TermsPublic 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 By Justin Damiani Tuesday, April 11, 2023 Top 10 Terms for CorporationWhen 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 By Jarrod Melson, Esq. Tuesday, April 4, 2023 Court Scruitny for board actionsDelaware’s Court of Chancery applies greater scrutiny when reviewing board actions that affect stockholder voting. Learn more about shareholder voting rights... Read More