Companies planning to go public one day will typically form general corporations. In these blogs, we explain all you need to know.
My Delaware Corporation Was Voided. Now What?
Tuesday, September 22, 2020
An LLC (limited liability company) or LP (limited partnership) that does not pay its Franchise Tax Fees for three years in a row will be cancelled by the state.. Read More
Change Your Company’s Number of Authorized Shares
Monday, September 14, 2020
The number of authorized shares you choose for your corporation is important because authorized share information is listed on your Certificate of Incorporation and filed with the state of Delaware... Read More
Par Value: How Low Can You Go?
Tuesday, September 1, 2020
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
How to Fix Business Mistakes in a Delaware Corporation
Tuesday, July 7, 2020
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
Non-Profit Corporation vs Public Benefit Corporation
Tuesday, June 30, 2020
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 Corporation Directors Cannot Be Undisclosed
Tuesday, June 16, 2020
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
Adding and Removing Directors on a Board
Monday, April 27, 2020
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 Does a Corporate Secretary Do?
Tuesday, April 21, 2020
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
How to Run a Shareholder Meeting
Tuesday, April 7, 2020
Delaware law requires every corporation to hold an annual shareholders meeting at least once every 13 months. Generally, the date of the annual meeting is contained in the bylaws of the corporation. A meeting must be held, regardless of the number of shareholders in the corporation... Read More
Delaware Blank Check Preferred Stock
Tuesday, January 21, 2020
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