About Corporations

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 By Devin Scott Monday, June 26, 2023 advantages of a close corporationA 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 By Justin Damiani Tuesday, June 20, 2023 Public Benefit TermsPublic 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 By Justin Damiani Tuesday, April 11, 2023 Top 10 Terms for CorporationWhen 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 By Jarrod Melson, Esq. Tuesday, April 4, 2023 Court Scruitny for board actionsDelaware’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? By Amy Fountain Monday, October 31, 2022 what happens if your delaware corporation is voidedAn 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 By Jarrod Melson, Esq. Tuesday, October 4, 2022 2022 Corporate Law AmendmentsThe 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? By Paul Sponaugle Monday, October 3, 2022 how to calculate par valuePar 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? By HBS Monday, September 19, 2022 what is a certificate of incumbencyThe 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 By HBS 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? By Paul Sponaugle Monday, June 13, 2022 what is a non-stock corporation?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