About Corporations
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 Non-Stock Corporation?
By
Paul Sponaugle
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
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
Non-Profit Corporation vs Public Benefit Corporation
By
Rick Bell
Monday, May 16, 2022
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
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
What Is The Role of a President of a Corporation?
By
Michael Bell
Monday, April 11, 2022
The person who is President of a company is in the highest position within an organization and, in some cases, takes on the title of Chief Executive Officer as well... Read More
The person who is President of a company is in the highest position within an organization and, in some cases, takes on the title of Chief Executive Officer as well... Read More
What Does a Corporate Secretary Do?
By
HBS
Tuesday, April 5, 2022
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
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
What Is the Role of Officers in a Delaware Corporation?
By
Brett Melson
Tuesday, March 15, 2022
Delaware law mandates that an officer of the corporation must be an individual and cannot be another entity; however, Delaware does not have restrictions in place about who can serve as an officer in a corporation... Read More
Delaware law mandates that an officer of the corporation must be an individual and cannot be another entity; however, Delaware does not have restrictions in place about who can serve as an officer in a corporation... Read More
Is an LLC a corporation? What's the Difference?
By
Rick Bell
Sunday, March 13, 2022
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
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
Mission Statement vs Benefit Statement
By
Devin Scott
Tuesday, March 1, 2022
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
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
Delaware Corporation Directors Cannot Be Undisclosed
By
Rick Bell
Tuesday, February 8, 2022
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
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
Advantages of a Delaware Close Corporation
By
Devin Scott
Tuesday, February 1, 2022
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
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
Banking Resolution Document - Definition and Templates
By
Devin Scott
Tuesday, December 28, 2021
At the first meeting of the members (for an LLC) or the Board of Directors (for a corporation) establishing a company, a corporate resolution about banking details is often included.
Although a company may agree on several different types of resolutions during the meeting, the banking resolution is often the most commonly extracted resolution from the general minutes of the meeting... Read More
At the first meeting of the members (for an LLC) or the Board of Directors (for a corporation) establishing a company, a corporate resolution about banking details is often included.
Although a company may agree on several different types of resolutions during the meeting, the banking resolution is often the most commonly extracted resolution from the general minutes of the meeting... Read More