About Corporations

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

Board of Directors Oversight: Do’s & Don’ts PART TWO By Christina Cornelius Tuesday, April 10, 2018 Erik Nielsen, PhD has more than 35 years of experience in higher education. He is currently the Consulting Vice President of Kaludis Consulting and he served as president of Franklin College of Switzerland for 17 years... Read More
Board of Directors Oversight: Do’s & Don’ts By Christina Cornelius Tuesday, April 3, 2018 board of directors dos and don'tsErik Nielsen, PhD has more than 35 years of experience in higher education. He is currently the Consulting Vice President of Kaludis Consulting and he served as president of Franklin College of Switzerland for 17 years... Read More
What Is a Certificate of Incumbency? By Meri Weiss Monday, April 2, 2018 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
Par Value: How Low Can You Go? By Paul Sponaugle Tuesday, March 20, 2018 how to calculate par valuePar value is the lowest limit set to the value of a share of stock in a corporation. Here's how to calculate your Delaware par value... Read More
Non-Profit Corporation vs Public Benefit Corporation By Rick Bell Monday, February 26, 2018 non-profit vs benefit corpA traditional non-profit—or not-for-profit—company aims to serve a public benefit without making a profit, as defined by the IRS. If a non-profit company decides to stop doing business and dissolve, it must distribute its assets among other non-profits... Read More
Is an LLC a corporation? What's the Difference? By Rick Bell Tuesday, January 16, 2018 is an llc a corporationWhy 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? By Devin Scott Tuesday, December 5, 2017 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 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
Certificate of Incorporation: Delaware By Devin Scott Tuesday, November 14, 2017 Certificiate of Incorporation DelawareOne of the many benefits of forming a Delaware corporation is that the Directors’ names are not required to be listed on the Certificate of Incorporation... Read More
Mission Statement vs Benefit Statement By Devin Scott Tuesday, November 7, 2017 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
What Are a Corporate Secretary’s Responsibilities? By Meri Weiss Monday, November 6, 2017 what is a corporate secretaryMany people think a Corporate Secretary’s role is merely to take and record meeting minutes. While doing so is, indeed, one of the Corporate Secretary’s responsibilities, it is nowhere near the entirety of this pivotal role... Read More