About Corporations

Companies planning to go public one day will typically form general corporations. In these blogs, we explain all you need to know.

Change Your Company’s Number of Authorized Shares By Devin Scott Tuesday, October 8, 2024 change your company's number of authorized sharesThe 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
Is an LLC a corporation? What's the Difference? By Rick Bell Monday, May 27, 2024 is an llc a corporationWhy 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
Delaware Blank Check Preferred Stock By Rick Bell Monday, April 29, 2024 delaware blank check preferred stockEvery 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... Read More
Recorded Webinar: Delaware Corporation Basics By Rick Bell Monday, March 11, 2024 This webinar is packed full of great information dealing with the basic elements of a Delaware corporation and detailing some of the finer points as well. Available in video and transcribed formats... Read More
Directors Cannot Vote By Proxy at Board Meetings By Jarrod Melson, Esq. Tuesday, October 31, 2023 Board of DirectorsCan directors vote by proxy at board meetings? Learn about the rules of board meeting votes and what happens when a board member cannot be present... Read More
What is a Banking Resolution? By Devin Scott Monday, September 18, 2023 what is a banking resolution documentAt 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
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