About Corporations
Companies planning to go public one day will typically form general corporations. In these blogs, we explain all you need to know.
How to Fix Business Mistakes in a Delaware Corporation
By
Brett Melson
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...
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Non-Profit Corporation vs Public Benefit Corporation
By
Rick Bell
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...
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Delaware Corporation Directors Cannot Be Undisclosed
By
Rick Bell
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...
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Adding and Removing Directors on a Board
By
Brett Melson
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...
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What Does a Corporate Secretary Do?
By
HBS
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...
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How to Run a Shareholder Meeting
By
Jeremy Reed
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...
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Delaware Blank Check Preferred Stock
By
Rick Bell
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...
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How to Remove an Officer in a Delaware Corporation
By
Brett Melson
Monday, January 20, 2020

The steps to remove an officer are fairly straightforward. First, you want to review your Certificate of Incorporation and bylaws. Any process that addresses removing officers is likely included in the bylaws. Second, you will also need to review the officer’s employment agreement, the terms of any equity incentive grants (e.g., options, warrants, etc.), and any other agreements with or relating to the officer’s employment or duties to determine whether any notice, timing, cash-out, or acceleration provisions, among others, may affect the process...
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Certificate of Incorporation: Delaware
By
Devin Scott
Monday, January 6, 2020

One 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...
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Owning Stock and Being a Shareholder in a Corporation
By
Brett Melson
Monday, December 16, 2019

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...
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