Companies planning to go public one day will typically form general corporations. In these blogs, we explain all you need to know.
Advantages of a Delaware Close Corporation
Tuesday, August 22, 2017
A 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
What Is The Role of a President of a Corporation?
Monday, August 14, 2017
The person who is President of a company is in the highest position within an organization and, in some cases, takes on the title of Chief Executive Officer as well... Read More
What Is the Role of Officers in a Delaware Corporation?
Monday, May 8, 2017
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
Delaware Corporation Directors Cannot Be Undisclosed
Tuesday, April 18, 2017
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
Delaware Blank Check Preferred Stock
Tuesday, April 11, 2017
Every Delaware General Corporation must have one class of common stock, but it can also have a second class of stock (or more) with customized terms for the different classes. The most popular second class of stock is called preferred stock because it can contain terms, negotiated between the Board of Directors and the recipient, that are preferred over the rights of common stockholders... Read More
Delaware General Corporation Structure
Tuesday, January 31, 2017
The Delaware general corporation is the strongest company structure in the U.S. It offers a means to raise capital, has three tiers of power and follows bylaws.
The bylaws of the company set forth the powers and the limits of power in each of the three tiers. Each group may have separate priorities, and they may clash occasionally... Read More
Delaware Certificate of Incorporation
Tuesday, January 17, 2017
A Delaware Certificate of Incorporation is the foundation upon which a Delaware corporation is built. The state of Delaware requires very little information to be made public in order to form a corporation; the Certificate of Incorporation only requires a few pieces of information... Read More
What Does It Mean to Be a Shareholder in a Corporation?
Monday, December 12, 2016
A shareholder is an individual or entity that holds shares representing an equity ownership interest in a corporation, often termed either common or preferred stock. A shareholder can also be referred to interchangeably as a stockholder... Read More
How to Fix Business Mistakes in a Delaware Corporation
Monday, September 19, 2016
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
Company Structure: Corporation
Monday, July 18, 2016
The Delaware General Corporation Law is flexible with respect to the type and number of officers a Delaware corporation must appoint.
The applicable portion of the Delaware Corporation Law provides that a Delaware corporation shall have “such officers with such titles and duties as shall be stated in the bylaws or in a resolution of the Board of Directors which is not inconsistent with the bylaws.”.. Read More