Companies planning to go public one day will typically form general corporations. In these blogs, we explain all you need to know.
What Is a Certificate of Incumbency?
Monday, April 2, 2018
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
Par Value: How Low Can You Go?
Tuesday, March 20, 2018
Par value is the lowest limit set to the value of a share of stock in a corporation. Here's how to calculate your Delaware par value... Read More
Is an LLC a corporation? What's the Difference?
Tuesday, January 16, 2018
Why is Google a corporation and YouTube an LLC? Both, of course, chose Delaware as their corporate home, even though they are headquartered elsewhere.
So why did Google choose to form as a corporation and YouTube as an LLC?.. Read More
Certificate of Incorporation: Delaware
Tuesday, November 14, 2017
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... Read More
Mission Statement vs Benefit Statement
Tuesday, November 7, 2017
Both Public Benefit Corporations and Non-Profit Corporations require additional language on the Certificate of Incorporation, in the form of a Benefit Statement (for a Benefit Corporation) or a Mission Statement (for a Non-Profit Corporation). There are typically differences in the language in these two statements... Read More
What Are a Corporate Secretary’s Responsibilities?
Monday, November 6, 2017
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 Important is Corporate Indemnification?
Monday, October 16, 2017
In a corporation, the scope of indemnification can vary, depending upon the terms of the corporation’s charter and bylaws, but only within certain parameters prescribed by the Delaware corporate law and judicial precedent... Read More
What Is a Non-Stock Corporation?
Tuesday, October 3, 2017
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
Why Venture Capitalists Prefer Delaware C-Corps
Monday, September 4, 2017
The first requirement of every serious investor, angel investor and Venture Capitalist is the same: your company must be a Delaware C corporation before they will even consider investing in it... Read More
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