Companies planning to go public one day will typically form general corporations. In these blogs, we explain all you need to know.
What Is the Role of Officers in a Delaware Corporation?
Monday, May 8, 2017
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 Corporation Directors Cannot Be Undisclosed
Tuesday, April 18, 2017
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
Delaware General Corporation Structure
Tuesday, January 31, 2017
The Delaware general corporation is the strongest company structure in the U.S. It offers a means to raise capital, has three tiers of power and follows bylaws.
The bylaws of the company set forth the powers and the limits of power in each of the three tiers. Each group may have separate priorities, and they may clash occasionally... Read More
What Does It Mean to Be a Shareholder in a Corporation?
Monday, December 12, 2016
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... Read More
How to Fix Business Mistakes in a Delaware Corporation
Monday, September 19, 2016
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... Read More
Company Structure: Corporation
Monday, July 18, 2016
The Delaware General Corporation Law is flexible with respect to the type and number of officers a Delaware corporation must appoint.
The applicable portion of the Delaware Corporation Law provides that a Delaware corporation shall have “such officers with such titles and duties as shall be stated in the bylaws or in a resolution of the Board of Directors which is not inconsistent with the bylaws.”.. Read More
How to Close a Company
Monday, November 30, 2015
Do you want to close or cancel your Delaware LLC or corporation? Here's how... Read More
How to Run a Shareholder Meeting
Tuesday, October 27, 2015
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... Read More
Change Your Company’s Number of Authorized Shares
Monday, October 26, 2015
The number of authorized shares you choose for your corporation is important because authorized share information is listed on your Certificate of Incorporation and filed with the state of Delaware... Read More
What Is Stock?
Monday, October 5, 2015
Stock represents an equity ownership in an entity, and normally, with certain exceptions, is given in exchange for a paid-in capital contribution to a business.
Ownership of stock does not entitle the holder to specific property or assets of the company, but rather, provides the holder with a share of the entity’s profits and gains, normally through the receipt of dividends... Read More