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
Monday, June 26, 2023
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
Common Public Benefit Corporation Terms
Tuesday, June 20, 2023
Public Benefit Corporations (PBC) are corporations created with the goal of operating in a way that is responsible and sustainable. These entities exist to to benefit the society as a whole while still creating a profit. We are discussing the terms commonly mentioned when discussing PBCs... Read More
Top 10 Terms When Forming a Corporation
Tuesday, April 11, 2023
When we talk to our clients, specific questions or terms are often mentioned during the formation process. Discover some of the most frequently used corporate terms and lingo used when forming a Delaware corporation then form a corporation of your own today... Read More
Greater Scrutiny to Board Actions Affecting Stockholder Voting Rights
Jarrod Melson, Esq.
Tuesday, April 4, 2023
Delaware’s Court of Chancery applies greater scrutiny when reviewing board actions that affect stockholder voting. Learn more about shareholder voting rights... Read More
My Delaware Corporation Was Voided. Now What?
Monday, October 31, 2022
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
Delaware 2022 Corporate Law Amendments – A “Must Know” Summary
Jarrod Melson, Esq.
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
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