Companies planning to go public one day will typically form general corporations. In these blogs, we explain all you need to know.
Delaware 2022 Corporate Law Amendments – A “Must Know” Summary
Tuesday, October 4, 2022
The Delaware Legislature adopted the amendments to the Delaware General Corporation Act which all directors, officers, and stockholders of Delaware corporations need to become familiar with. Jarrod Melson explains the changes you need to consider in this new blog... Read More
Par Value: How Low Can You Go?
Monday, October 3, 2022
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
What Is a Certificate of Incumbency?
Monday, September 19, 2022
The 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
Perpetual Existence for Corporations
Tuesday, September 6, 2022
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
Why Venture Capitalists Prefer Delaware C-Corps
Monday, August 29, 2022
The 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
How to Fix Business Mistakes in a Delaware Corporation
Monday, August 8, 2022
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
Bylaws - More Important Than You Might Think
Tuesday, July 12, 2022
Bylaws are rules set by a company to govern itself. Brett Melson discusses more about corporate bylaws, their function, and how they should be implemented... Read More
Adding and Removing Directors on a Board
Monday, June 20, 2022
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
What Is a Non-Stock Corporation?
Monday, June 13, 2022
The common use of the non-stock corporation as the vehicle with which to obtain tax-exempt or non-profit status from the IRS has led to an interchangeability of the two terms, but this can be problematic... Read More
Non-Profit Corporation vs Public Benefit Corporation
Monday, May 16, 2022
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