Companies planning to go public one day will typically form general corporations. In these blogs, we explain all you need to know.
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 companies risk being voided if annual franchise taxes go. A voided entity cannot obtain critical documents like Certificates of Good Standing. Though business activities remain valid, the name becomes available for new use. Don't panic - reinstatement is possible through renewal filings and paying back taxes/fees. Learn the straightforward process for restoring your voided Delaware company to good standing... Read More
Many 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
Corporate bylaws are vital for outlining how a corporation operates, but they usually don’t need to be signed to be valid. Adoption by the board of directors—documented in meeting minutes or written consent—is typically enough. While some companies choose to sign bylaws for recordkeeping, most states don’t require it. The real priority is ensuring your bylaws are adopted, maintained, and followed... Read More
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
Delaware corporations should hold an annual meeting and take minutes. Not sure how to take corporate minutes? Here’s what you need to know... Read More
Discover how Delaware corporations use executive committees to streamline decision-making. This guide explores their legal basis, powers, structure, and oversight—essential for any board seeking flexibility without compromising fiduciary duties... Read More
Are 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
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